Key Points
- Firefly Aerospace General Counsel David Leigh Wheeler sold 3,765 shares on May 18 at an average price of $45.12, totaling about $169,877. After the sale, he still directly owned 142,758 shares valued at roughly $6.44 million.
- The sale follows a similar prior transaction: Wheeler also sold 3,766 shares on April 17 at an average price of $45.04, indicating repeated insider selling at comparable price levels.
- Firefly’s latest results showed revenue growth but continued losses, with quarterly revenue of $80.88 million, up 44.8% year over year, and EPS of -$0.46 versus a -$0.50 consensus estimate. Analysts currently have a consensus “Hold” rating with an average price target of $40.56.
Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) General Counsel David Leigh Wheeler sold 3,765 shares of Firefly Aerospace stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $45.12, for a total transaction of $169,876.80. Following the transaction, the general counsel directly owned 142,758 shares in the company, valued at $6,441,240.96. The trade was a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
David Leigh Wheeler also recently made the following trade(s):
- On Friday, April 17th, David Leigh Wheeler sold 3,766 shares of Firefly Aerospace stock. The stock was sold at an average price of $45.04, for a total transaction of $169,620.64.
Firefly Aerospace Stock Down 3.1%
Firefly Aerospace stock opened at $42.57 on Wednesday. The company's 50 day simple moving average is $32.89 and its 200 day simple moving average is $26.36. Firefly Aerospace, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $73.80. The firm has a market capitalization of $6.82 billion and a price-to-earnings ratio of -5.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.53 and a quick ratio of 2.53.
Firefly Aerospace (NASDAQ:FLY - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.04. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The business had revenue of $80.88 million for the quarter. During the same period in the previous year, the business earned ($5.09) EPS. The firm's revenue was up 44.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Firefly Aerospace, Inc. will post -1.81 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on FLY shares. UBS Group set a $33.00 price objective on shares of Firefly Aerospace in a research note on Thursday, March 12th. Morgan Stanley lifted their price objective on shares of Firefly Aerospace from $33.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $35.00 price target on shares of Firefly Aerospace in a research note on Tuesday, May 5th. Jefferies Financial Group lifted their price target on shares of Firefly Aerospace from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, April 13th. Finally, The Goldman Sachs Group lifted their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $40.56.
Get Our Latest Stock Report on Firefly Aerospace
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. AE Industrial Partners LP bought a new position in Firefly Aerospace in the third quarter valued at approximately $1,063,863,000. Vanguard Group Inc. bought a new stake in shares of Firefly Aerospace in the third quarter worth $53,409,000. Hudson Bay Capital Management LP bought a new stake in shares of Firefly Aerospace in the third quarter worth $50,711,000. UBS Group AG lifted its position in shares of Firefly Aerospace by 233.6% in the fourth quarter. UBS Group AG now owns 1,773,607 shares of the company's stock worth $39,676,000 after purchasing an additional 1,241,987 shares in the last quarter. Finally, Capital World Investors bought a new stake in shares of Firefly Aerospace in the third quarter worth $35,337,000.
About Firefly Aerospace
(
Get Free Report)
Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.
Firefly's product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.
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