Surf Air Mobility Inc. (NYSE:SRFM - Get Free Report) major shareholder Palantir Technologies Inc. acquired 1,270,869 shares of the business's stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average cost of $1.25 per share, with a total value of $1,588,586.25. Following the transaction, the insider now owns 2,730,166 shares of the company's stock, valued at approximately $3,412,707.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Palantir Technologies Inc. also recently made the following trade(s):
- On Monday, September 30th, Palantir Technologies Inc. sold 3,100 shares of Surf Air Mobility stock. The shares were sold at an average price of $1.37, for a total value of $4,247.00.
- On Friday, September 27th, Palantir Technologies Inc. sold 4,102 shares of Surf Air Mobility stock. The stock was sold at an average price of $1.30, for a total value of $5,332.60.
- On Wednesday, September 25th, Palantir Technologies Inc. sold 4,547 shares of Surf Air Mobility stock. The shares were sold at an average price of $1.16, for a total value of $5,274.52.
- On Monday, September 23rd, Palantir Technologies Inc. sold 2,000 shares of Surf Air Mobility stock. The stock was sold at an average price of $1.24, for a total value of $2,480.00.
- On Friday, September 20th, Palantir Technologies Inc. sold 4,900 shares of Surf Air Mobility stock. The stock was sold at an average price of $1.19, for a total transaction of $5,831.00.
- On Wednesday, September 18th, Palantir Technologies Inc. sold 2,929 shares of Surf Air Mobility stock. The stock was sold at an average price of $1.27, for a total transaction of $3,719.83.
- On Monday, September 16th, Palantir Technologies Inc. sold 6,673 shares of Surf Air Mobility stock. The shares were sold at an average price of $1.35, for a total transaction of $9,008.55.
- On Thursday, September 12th, Palantir Technologies Inc. sold 8,300 shares of Surf Air Mobility stock. The stock was sold at an average price of $1.50, for a total value of $12,450.00.
Surf Air Mobility Stock Up 17.6 %
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Shares of SRFM stock opened at $1.94 on Monday. Surf Air Mobility Inc. has a fifty-two week low of $0.90 and a fifty-two week high of $12.74. The firm's 50 day moving average price is $1.56 and its two-hundred day moving average price is $2.65. The stock has a market cap of $24.89 million, a price-to-earnings ratio of -0.31 and a beta of 1.53.
Surf Air Mobility (NYSE:SRFM - Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($1.96) earnings per share for the quarter, missing the consensus estimate of ($1.40) by ($0.56). The company had revenue of $32.37 million for the quarter, compared to analyst estimates of $30.15 million. On average, equities analysts forecast that Surf Air Mobility Inc. will post -7.07 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group upped their price target on Surf Air Mobility from $1.00 to $2.20 and gave the stock a "hold" rating in a research note on Tuesday, August 27th.
Get Our Latest Research Report on Surf Air Mobility
About Surf Air Mobility
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Surf Air Mobility Inc operates as an electric aviation and air travel company in the United States. The company offers an air mobility platform with scheduled routes and on demand charter flights operated by third parties. Surf Air Mobility Inc is headquartered in Hawthorne, California.
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