Momentus (NASDAQ:MNTS) Director Chris Hadfield Purchases 2,000 Shares

by · The Cerbat Gem

Momentus Inc. (NASDAQ:MNTS – Get Free Report) Director Chris Hadfield bought 2,000 shares of Momentus stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $7.19 per share, for a total transaction of $14,380.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 Price Performance

Shares of MNTS stock opened at $15.48 on Wednesday. The business’s 50 day simple moving average is $5.24 and its 200 day simple moving average is $7.60. Momentus Inc. has a one year low of $3.11 and a one year high of $43.55. The stock has a market capitalization of $154.65 million, a PE ratio of -0.36 and a beta of 1.33.

Momentus (NASDAQ:MNTS – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported ($2.15) EPS for the quarter. The company had revenue of $3.22 million during the quarter. Momentus had a negative net margin of 843.77% and a negative return on equity of 401.62%.

Hedge Funds Weigh In On Momentus

A hedge fund recently raised its stake in Momentus stock. Armistice Capital LLC lifted its position in shares of Momentus Inc. (NASDAQ:MNTS – Free Report) by 199.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 792,000 shares of the company’s stock after purchasing an additional 527,773 shares during the quarter. Armistice Capital LLC owned 12.62% of Momentus worth $966,000 at the end of the most recent reporting period. 9.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on MNTS shares. Weiss Ratings restated a “sell (e+)” rating on shares of Momentus in a report on Tuesday, April 21st. Wall Street Zen cut 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 MarketBeat.com, Momentus has a consensus rating of “Sell”.

Check Out Our Latest Report on MNTS

Momentus Company Profile

(Get Free Report)

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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