16,514 Shares of SpaceX $SPCX Bought by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new stake in shares of SpaceX (NASDAQ:SPCX) in the third quarter, HoldingsChannel reports. The firm purchased 16,514 shares of the company’s stock, valued at approximately $2,391,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SC US Ttgp LTD. acquired a new position in shares of SpaceX in the 2nd quarter worth approximately $20,933,621,000. Darsana Capital Partners LP purchased a new position in shares of SpaceX during the 2nd quarter worth approximately $17,335,783,000. K5 Global Advisor LLC acquired a new stake in SpaceX in the 2nd quarter valued at approximately $6,587,531,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in SpaceX in the 3rd quarter valued at approximately $4,224,143,000. Finally, Thrive Capital Management LLC purchased a new stake in SpaceX in the second quarter valued at approximately $3,231,681,000.

Analyst Ratings Changes

A number of research analysts have commented on the company. China Renaissance began coverage on SpaceX in a research note on Thursday. They set a “buy” rating and a $194.20 price target on the stock. Oppenheimer lifted their price objective on SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Susquehanna lifted their price objective on SpaceX from $173.00 to $176.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Barclays boosted their price objective on SpaceX from $254.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. Finally, Wolfe Research reissued an “outperform” rating and set a $175.00 target price on shares of SpaceX in a research note on Wednesday, August 26th. Four analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SpaceX currently has an average rating of “Moderate Buy” and an average target price of $243.60.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the completion of the sale, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. The trade was a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Musk said SpaceX could exceed $500 billion in annual recurring revenue by December 2027, a forecast well above Wall Street expectations. He also pointed to U.S. government contracts as a growing revenue source, helping lift growth sentiment. Article: Musk Says SpaceX Will Hit a Revenue Number That Not One of Its 37 Analysts Believes
• Positive Sentiment: SpaceX’s partnership with Qualcomm to support Starlink Mobile’s planned 5G network offers a potential new telecom growth avenue, with deployment expected to begin in 2027. Article: Can SPCX’s Tie-Up With Qualcomm Strengthen Its Position in the 5G Market?
• Neutral Sentiment: Director Donald Harrison resigned from SpaceX’s board effective November 4. The announcement did not provide a reason, so the immediate business impact is unclear. Article: SpaceX Director Donald Harrison Resigns from Board
• Negative Sentiment: Democratic gains in Congress and Texas raised concerns about scrutiny, permitting and data-center expansion—important to SpaceX’s AI ambitions—and helped drive the recent selloff. Friday’s rebound recouped some of those losses, but the policy uncertainty remains. Article: Why SpaceX Stock Is Up Today
• Negative Sentiment: SpaceX’s wireless ambitions may require substantial spending and face tough competition. Deutsche Telekom’s CEO said building a rival mobile network would require a costly terrestrial footprint, highlighting execution and financing risks alongside the growth opportunity. Article: Deutsche Telekom CEO Says SpaceX Has a Massive Mountain to Climb to Compete in Mobile

SpaceX Price Performance

NASDAQ:SPCX opened at $134.27 on Monday. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. SpaceX has a 12 month low of $104.83 and a 12 month high of $225.64. The stock has a market capitalization of $1.82 trillion and a price-to-earnings ratio of 516.42. The company has a fifty day simple moving average of $149.18.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.25. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The firm had revenue of $14.57 billion during the quarter. During the same quarter in the previous year, the firm earned ($0.36) EPS. SpaceX’s revenue for the quarter was up 161.4% compared to the same quarter last year. As a group, equities analysts anticipate that SpaceX will post 0.19 EPS for the current year.

SpaceX Company Profile

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.