Temasek Holdings Private Ltd Has $23.93 Million Holdings in Firefly Aerospace, Inc. $FLY

Temasek Holdings Private Ltd lifted its holdings in Firefly Aerospace, Inc. (NASDAQ:FLY) by 151.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,069,588 shares of the company’s stock after acquiring an additional 643,886 shares during the quarter. Temasek Holdings Private Ltd’s holdings in Firefly Aerospace were worth $23,927,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. BNP Paribas Financial Markets acquired a new position in shares of Firefly Aerospace in the 3rd quarter worth approximately $26,000. CIBC Private Wealth Group LLC acquired a new position in Firefly Aerospace during the 3rd quarter worth $26,000. NBC Securities Inc. acquired a new position in Firefly Aerospace during the 4th quarter worth $38,000. SBI Securities Co. Ltd. lifted its holdings in Firefly Aerospace by 74.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 4,379 shares of the company’s stock worth $98,000 after buying an additional 1,871 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Firefly Aerospace during the 3rd quarter worth $55,000.

Firefly Aerospace Trading Up 4.7%

Firefly Aerospace stock opened at $33.36 on Tuesday. The firm has a 50-day moving average of $39.78 and a 200-day moving average of $29.35. Firefly Aerospace, Inc. has a one year low of $16.00 and a one year high of $73.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.53 and a quick ratio of 2.53. The company has a market cap of $5.35 billion and a price-to-earnings ratio of -4.09.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.46) EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $80.88 million during the quarter. During the same quarter in the prior year, the company earned ($5.09) earnings per share. The company’s quarterly revenue was up 44.8% on a year-over-year basis. On average, equities analysts expect that Firefly Aerospace, Inc. will post -1.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen raised Firefly Aerospace from a “strong sell” rating to a “sell” rating in a report on Sunday, June 7th. The Goldman Sachs Group increased their price target on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings downgraded Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. KeyCorp raised Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price target on the stock in a research note on Monday. Finally, B. Riley Financial started coverage on Firefly Aerospace in a research note on Wednesday, May 6th. They issued a “buy” rating and a $60.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.20.

Insider Activity at Firefly Aerospace

In other news, General Counsel David Leigh Wheeler sold 3,766 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.04, for a total transaction of $169,620.64. Following the completion of the transaction, the general counsel directly owned 142,758 shares in the company, valued at $6,429,820.32. This represents a 2.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.50% of the stock is currently owned by corporate insiders.

Firefly Aerospace Profile

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.