Palantir Technologies Inc. Acquires 1,270,869 Shares of Surf Air Mobility Inc. (NYSE:SRFM) Stock

Surf Air Mobility Inc. (NYSE:SRFM) major shareholder Palantir Technologies Inc. bought 1,270,869 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was acquired at an average cost of $1.25 per share, with a total value of $1,588,586.25. Following the completion of the purchase, the insider now owns 2,730,166 shares of the company’s stock, valued at approximately $3,412,707.50. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more 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 transaction 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 transaction of $2,480.00.
• On Friday, September 20th, Palantir Technologies Inc. sold 4,900 shares of Surf Air Mobility stock. The shares were 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 shares were sold at an average price of $1.27, for a total value of $3,719.83.
• On Monday, September 16th, Palantir Technologies Inc. sold 6,673 shares of Surf Air Mobility stock. The stock was sold at an average price of $1.35, for a total value of $9,008.55.
• On Thursday, September 12th, Palantir Technologies Inc. sold 8,300 shares of Surf Air Mobility stock. The shares were sold at an average price of $1.50, for a total value of $12,450.00.

Surf Air Mobility Price Performance

Surf Air Mobility stock opened at $2.18 on Tuesday. The company has a market cap of $27.97 million, a price-to-earnings ratio of -0.35 and a beta of 1.53. The firm has a 50-day moving average of $1.56 and a 200-day moving average of $2.65. Surf Air Mobility Inc. has a one year low of $0.90 and a one year high of $11.83.

Surf Air Mobility (NYSE:SRFM) last released its earnings results on Wednesday, August 14th. The company reported ($1.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.40) by ($0.56). The company had revenue of $32.37 million during the quarter, compared to analyst estimates of $30.15 million. As a group, sell-side analysts expect that Surf Air Mobility Inc. will post -7.07 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price target on shares of Surf Air Mobility from $1.00 to $2.20 and gave the stock a “hold” rating in a research note on Tuesday, August 27th.

About Surf Air Mobility

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.