Keeler Thomas Management LLC purchased a new position in SpaceX (NASDAQ:SPCX – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,989 shares of the company’s stock, valued at approximately $2,261,000.
Other large investors also recently bought and sold shares of the company. SC US Ttgp LTD. acquired a new stake in SpaceX in the second quarter valued at approximately $20,933,621,000. Darsana Capital Partners LP purchased a new stake in shares of SpaceX in the second quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC purchased a new stake in shares of SpaceX in the second quarter valued at approximately $6,587,531,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of SpaceX in the third quarter valued at approximately $4,224,143,000. Finally, Thrive Capital Management LLC acquired a new position in shares of SpaceX during the 2nd quarter worth approximately $3,231,681,000.
More SpaceX News
Here are the key news stories impacting SpaceX this week:
- Positive Sentiment: Boost Mobile talks are the primary catalyst. SpaceX is reportedly discussing either acquiring Boost Mobile or using its network. The deal could provide customers, billing infrastructure and retail distribution, accelerating Starlink’s ambitions to become a major wireless provider. Reuters article
- Positive Sentiment: Strong operating momentum supports the bullish case. Recent reports highlighted $7.6 billion in third-quarter super-intelligence revenue, 13.6 million Starlink subscribers and a 5% sequential increase in consumer average revenue per user. Management also targets substantial expansion of AI-computing capacity through 2027. Seeking Alpha article
- Positive Sentiment: The wireless strategy could broaden SpaceX’s growth profile. Investors see a potential fourth major U.S. mobile operator and an additional revenue engine beyond rockets and satellite broadband. The reports also indicate that several established carriers’ shares weakened on concerns about increased competition. TechCrunch article
Analyst Upgrades and Downgrades
SPCX has been the topic of a number of research analyst reports. DZ Bank initiated coverage on shares of SpaceX in a research note on Friday, August 21st. They issued a “sell” rating and a $100.00 price target on the stock. Argus upgraded shares of SpaceX from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Friday, August 7th. CLSA initiated coverage on shares of SpaceX in a report on Monday, September 28th. They set an “outperform” rating and a $250.00 price objective on the stock. Sanford C. Bernstein set a $267.00 target price on shares of SpaceX in a research report on Monday, October 26th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $245.00 target price on shares of SpaceX in a research report on Wednesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.97.
Check Out Our Latest Stock Analysis on SPCX
SpaceX Price Performance
Shares of SpaceX stock opened at $136.37 on Tuesday. The firm has a market capitalization of $1.80 trillion and a PE ratio of 524.50. The firm’s 50 day moving average price is $149.55. SpaceX has a 12 month low of $104.83 and a 12 month 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.
SpaceX (NASDAQ:SPCX – Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX had a negative return on equity of 3.24% and a negative net margin of 8.61%. The business’s revenue was up 161.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.36) earnings per share. As a group, research analysts anticipate that SpaceX will post 0.19 EPS for the current fiscal year.
Insider Buying and Selling
In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction on 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 transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at approximately $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a document filed 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.
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.
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