Virgin Galactic (NYSE:SPCE) Director Acquires $49,800.00 in Stock

Posted by Francis Steltz on May 24th, 2026

Virgin Galactic Holdings, Inc. (NYSE:SPCE – Get Free Report) Director Diana Strandberg bought 20,000 shares of Virgin Galactic stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $2.49 per share, with a total value of $49,800.00. Following the completion of the purchase, the director directly owned 70,930 shares in the company, valued at $176,615.70. This trade represents a 39.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Virgin Galactic Trading Up 18.0%

Virgin Galactic stock opened at $3.25 on Friday. The firm has a 50-day moving average price of $2.67 and a two-hundred day moving average price of $2.99. The firm has a market capitalization of $264.18 million, a price-to-earnings ratio of -0.75 and a beta of 2.18. Virgin Galactic Holdings, Inc. has a 52-week low of $2.13 and a 52-week high of $5.23. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.91.

Virgin Galactic (NYSE:SPCE – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.81) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.05. The company had revenue of $0.23 million during the quarter, compared to analyst estimates of $0.20 million. Virgin Galactic had a negative net margin of 19,781.30% and a negative return on equity of 103.89%. Sell-side analysts expect that Virgin Galactic Holdings, Inc. will post -2.59 earnings per share for the current year.

Institutional Trading of Virgin Galactic

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CTC Alternative Strategies Ltd. acquired a new stake in Virgin Galactic during the first quarter valued at approximately $27,000. SummitTX Capital L.P. acquired a new stake in Virgin Galactic during the first quarter valued at approximately $29,000. Themes Management Co LLC acquired a new stake in Virgin Galactic during the first quarter valued at approximately $30,000. Pitcairn Co. acquired a new stake in Virgin Galactic during the second quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Virgin Galactic during the fourth quarter valued at approximately $34,000. 46.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SPCE. Wall Street Zen raised shares of Virgin Galactic from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group reduced their price target on shares of Virgin Galactic from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Virgin Galactic in a research note on Monday, April 20th. Finally, Susquehanna upped their price target on shares of Virgin Galactic from $2.50 to $3.00 and gave the stock a “neutral” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Virgin Galactic currently has a consensus rating of “Reduce” and a consensus price target of $3.33.

Read Our Latest Report on Virgin Galactic

Virgin Galactic Company Profile

(Get Free Report)

Virgin Galactic Holdings, Inc (NYSE: SPCE) is a commercial spaceflight company developing and operating spacecraft for private individuals and research customers. The firm’s primary business is suborbital human spaceflight, offering passengers a brief trip to the edge of space aboard its reusable spaceplane. In parallel, the company is building out infrastructure and support services for suborbital payload deployments and microgravity research missions.

The core flight system consists of a carrier aircraft, WhiteKnightTwo, which lifts the spaceplane SpaceShipTwo to high altitude before release.