Terran Orbital Co. (NYSE:LLAP – Get Rating) major shareholder Beach Point Capital Management sold 7,411 shares of the business's stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $1.51, for a total transaction of $11,190.61. Following the completion of the transaction, the insider now owns 946,395 shares in the company, valued at approximately $1,429,056.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Beach Point Capital Management also recently made the following trade(s):
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- On Monday, January 9th, Beach Point Capital Management sold 17,207 shares of Terran Orbital stock. The shares were sold at an average price of $1.50, for a total transaction of $25,810.50.
- On Tuesday, January 3rd, Beach Point Capital Management sold 67,708 shares of Terran Orbital stock. The shares were sold at an average price of $1.53, for a total transaction of $103,593.24.
- On Friday, December 30th, Beach Point Capital Management sold 5,933 shares of Terran Orbital stock. The shares were sold at an average price of $1.50, for a total transaction of $8,899.50.
- On Thursday, December 22nd, Beach Point Capital Management sold 44,529 shares of Terran Orbital stock. The shares were sold at an average price of $1.50, for a total transaction of $66,793.50.
- On Monday, November 28th, Beach Point Capital Management sold 3,175 shares of Terran Orbital stock. The shares were sold at an average price of $2.71, for a total transaction of $8,604.25.
- On Friday, November 25th, Beach Point Capital Management sold 8,813 shares of Terran Orbital stock. The shares were sold at an average price of $2.71, for a total transaction of $23,883.23.
- On Monday, November 21st, Beach Point Capital Management sold 202 shares of Terran Orbital stock. The shares were sold at an average price of $2.70, for a total transaction of $545.40.
- On Friday, November 18th, Beach Point Capital Management sold 22,817 shares of Terran Orbital stock. The shares were sold at an average price of $2.70, for a total transaction of $61,605.90.
- On Wednesday, November 16th, Beach Point Capital Management sold 66,530 shares of Terran Orbital stock. The stock was sold at an average price of $2.71, for a total transaction of $180,296.30.
- On Monday, November 14th, Beach Point Capital Management sold 5,520 shares of Terran Orbital stock. The stock was sold at an average price of $2.80, for a total transaction of $15,456.00.
Terran Orbital Stock Up 10.1 %
Shares of LLAP stock opened at $1.85 on Friday. Terran Orbital Co. has a 52-week low of $1.29 and a 52-week high of $12.69. The company has a 50-day simple moving average of $1.96 and a two-hundred day simple moving average of $3.04.
Terran Orbital (NYSE:LLAP – Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.02. The firm had revenue of $27.83 million during the quarter, compared to the consensus estimate of $27.20 million. Equities research analysts predict that Terran Orbital Co. will post -0.97 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of Terran Orbital from $14.00 to $15.00 in a research report on Thursday, November 10th. Canaccord Genuity Group decreased their target price on shares of Terran Orbital from $17.00 to $14.00 and set a "buy" rating for the company in a research report on Tuesday, November 1st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $11.00.
Institutional Investors Weigh In On Terran Orbital
Institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Terran Orbital in the 1st quarter worth about $29,000. Strs Ohio purchased a new position in Terran Orbital in the second quarter valued at about $25,000. Bank of America Corp DE purchased a new position in Terran Orbital in the first quarter valued at about $69,000. Lincoln National Corp purchased a new position in Terran Orbital in the second quarter valued at about $46,000. Finally, American International Group Inc. purchased a new position in Terran Orbital in the second quarter valued at about $51,000. 76.83% of the stock is owned by institutional investors.
Terran Orbital Company Profile
(Get Rating)
Terran Orbital Corporation manufactures, owns, and operates satellites and related space-based solutions that provide earth observation, data and analytics to defense, intelligence, civil, and commercial end users in the United States. The company operates through two segments, Satellite Solutions and Earth Observation Solutions.
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