SpaceX $SPCX Shares Purchased by Candriam S.C.A.

Candriam S.C.A. boosted its holdings in shares of SpaceX (NASDAQ:SPCX) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,016 shares of the company’s stock after acquiring an additional 4,613 shares during the quarter. Candriam S.C.A.’s holdings in SpaceX were worth $5,756,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. SC US Ttgp LTD. acquired a new position in shares of SpaceX during the 2nd quarter worth $20,933,621,000. Darsana Capital Partners LP bought a new position in shares of SpaceX during the 2nd quarter valued at $17,335,783,000. K5 Global Advisor LLC acquired a new stake in shares of SpaceX in the 2nd quarter valued at $6,587,531,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of SpaceX in the 3rd quarter valued at $4,224,143,000. Finally, Thrive Capital Management LLC bought a new stake in SpaceX in the second quarter worth $3,231,681,000.

Analysts Set New Price Targets

A number of analysts have weighed in on SPCX shares. Susquehanna boosted their price target on SpaceX from $173.00 to $176.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Wall Street Zen raised SpaceX from a “sell” rating to a “hold” rating in a report on Saturday, October 24th. Argus raised SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Friday, August 7th. Barclays boosted their target price on SpaceX from $254.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Erste Group Bank started coverage on SpaceX in a research report on Thursday, October 8th. They set a “hold” rating for the company. Four investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SpaceX has a consensus rating of “Moderate Buy” and a consensus price target of $243.60.

Insider Activity at SpaceX

In other news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares in the company, valued at $379,630,414.95. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Key Headlines Impacting SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceX will compete for up to $10 billion in NASA lunar-base contracts, adding a potential source of business beyond launches and satellite services. The contracts have not yet been awarded. Article: SpaceX to compete for NASA lunar-base contracts
• Positive Sentiment: SpaceX’s AI-computing plans are attracting investor and analyst attention. Deutsche Bank sees tighter data-center rules potentially benefiting the company by limiting available computing capacity and supporting higher prices; reported AI-computing arrangements could also create a new revenue stream. Article: Deutsche Bank on SpaceX and data-center rules
• Neutral Sentiment: The proposed $24 billion Starbase data center and gas-fired power plant could expand SpaceX’s AI capacity and provide dedicated energy, but it remains a plan rather than an operating asset. Article: SpaceX plans a Starbase data center and gas plant
• Negative Sentiment: The Texas project faces policy uncertainty: Governor-elect Gina Hinojosa has supported pausing new hyperscale data centers, and SpaceX is seeking tax breaks. Delays or restrictions could impede the expansion. Article: Texas AI project faces policy hurdles
• Negative Sentiment: Analysts and commentators have flagged the cost of SpaceX’s AI buildout and energy investments, which could pressure cash flow if revenue growth does not justify the heavy spending. Article: SpaceX’s energy investments and cash-flow risk

SpaceX Stock Performance

SpaceX stock opened at $143.09 on Wednesday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The company has a quick ratio of 3.00, a current ratio of 3.08 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.94 trillion and a price-to-earnings ratio of 550.35. The business has a 50-day simple moving average of $149.18.

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

SpaceX 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.