Firefly Aerospace (NASDAQ:FLY) General Counsel Sells $169,876.80 in Stock

Firefly Aerospace, Inc. (NASDAQ:FLY) General Counsel David Leigh Wheeler sold 3,765 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $45.12, for a total transaction of $169,876.80. Following the transaction, the general counsel owned 142,758 shares in the company, valued at $6,441,240.96. This represents a 2.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $45.04, for a total value of $169,620.64.

Firefly Aerospace Stock Performance

Shares of Firefly Aerospace stock opened at $42.86 on Friday. The business has a 50-day simple moving average of $33.82 and a 200 day simple moving average of $26.62. 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 firm has a market capitalization of $6.87 billion and a price-to-earnings ratio of -5.26.

Firefly Aerospace (NASDAQ:FLY) last announced its quarterly earnings results on Monday, May 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.04. The business had revenue of $80.88 million for the quarter. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The firm’s revenue was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($5.09) EPS. On average, research analysts anticipate that Firefly Aerospace, Inc. will post -1.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FLY has been the subject of several research reports. B. Riley Financial began coverage on shares of Firefly Aerospace in a research report on Wednesday, May 6th. They issued a “buy” rating and a $60.00 price target for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Firefly Aerospace in a research note on Tuesday, May 5th. Jefferies Financial Group lifted their price objective on shares of Firefly Aerospace from $40.00 to $45.00 and gave the company a “buy” rating in a report on Monday, April 13th. The Goldman Sachs Group upped their target price on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, April 20th. Finally, Cantor Fitzgerald dropped their price target on shares of Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.56.

Hedge Funds Weigh In On Firefly Aerospace

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new stake in shares of Firefly Aerospace in the 3rd quarter worth $26,000. CIBC Private Wealth Group LLC bought a new position in shares of Firefly Aerospace during the third quarter valued at about $26,000. California State Teachers Retirement System bought a new position in shares of Firefly Aerospace during the fourth quarter valued at about $30,000. NBC Securities Inc. purchased a new position in Firefly Aerospace during the fourth quarter worth about $38,000. Finally, KBC Group NV bought a new stake in Firefly Aerospace in the 1st quarter worth about $38,000.

About Firefly Aerospace

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.