Momentus Inc. (NASDAQ:MNTS – Get Free Report) Director Chris Hadfield acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $7.19 per share, with a total value of $14,380.00. Following the acquisition, the director directly owned 3,500 shares of the company’s stock, valued at $25,165. The trade was a 133.33% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Chris Hadfield also recently made the following trade(s):
- On Friday, May 15th, Chris Hadfield bought 1,500 shares of Momentus stock. The stock was bought at an average price of $5.32 per share, for a total transaction of $7,980.00.
Momentus Stock Down 0.5%
Shares of MNTS stock opened at $19.40 on Friday. The firm has a market cap of $204.67 million, a P/E ratio of -0.45 and a beta of 1.33. The company has a 50 day moving average of $5.84 and a 200-day moving average of $7.61. Momentus Inc. has a 12-month low of $3.11 and a 12-month high of $43.55.
Analyst Upgrades and Downgrades
MNTS has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Momentus in a report on Tuesday, April 21st. Wall Street Zen downgraded shares of Momentus from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
Check Out Our Latest Analysis on MNTS
Hedge Funds Weigh In On Momentus
An institutional investor recently raised its position in Momentus stock. Armistice Capital LLC increased its position in shares of Momentus Inc. (NASDAQ:MNTS – Free Report) by 199.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 792,000 shares of the company’s stock after acquiring an additional 527,773 shares during the period. Armistice Capital LLC owned approximately 12.62% of Momentus worth $966,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 9.24% of the company’s stock.
Momentus Company Profile
Momentus Inc is a space logistics and in-space transportation company that develops and operates orbital transfer vehicles (OTVs) to move satellites and other payloads between orbits. Its core offering, the Vigoride platform, uses a proprietary water plasma propulsion system to provide sustainable, high-efficiency thrust for a range of orbital maneuvers. The company’s solutions are designed to enable flexible deployment and repositioning of satellites after launch, assisting satellite operators in optimizing mission lifespans and orbital slots.
Founded in 2017 and headquartered in Santa Clara, California, Momentus has pursued a path of technology demonstration and commercialization.
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