Terran Orbital Target of Unusually Large Options Trading (NYSE:LLAP)

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Terran Orbital Co. (NYSE:LLAPGet Rating) was the target of some unusual options trading on Monday. Investors bought 2,411 put options on the stock. This represents an increase of 1,407% compared to the average volume of 160 put options.

Insider Activity

In related news, major shareholder Beach Point Capital Management sold 11,078 shares of the business’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $5.05, for a total value of $55,943.90. Following the sale, the insider now directly owns 1,102,064 shares in the company, valued at $5,565,423.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 155,243 shares of company stock worth $744,096 over the last ninety days.

Hedge Funds Weigh In On Terran Orbital

A number of institutional investors and hedge funds have recently modified their holdings of LLAP. Beach Point Capital Management LP purchased a new stake in shares of Terran Orbital in the first quarter valued at about $151,181,000. Raymond James Financial Services Advisors Inc. purchased a new position in Terran Orbital during the first quarter worth about $93,000. Lockheed Martin Corp purchased a new position in Terran Orbital during the first quarter worth about $90,857,000. Penserra Capital Management LLC purchased a new position in Terran Orbital during the first quarter worth about $29,000. Finally, Francisco Partners Management LP purchased a new position in Terran Orbital during the first quarter worth about $36,097,000. Institutional investors and hedge funds own 84.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. B. Riley assumed coverage on Terran Orbital in a report on Monday, September 12th. They set a “buy” rating and a $10.00 target price for the company. Stifel Nicolaus began coverage on Terran Orbital in a report on Monday, August 15th. They set a “buy” rating and a $8.00 price objective for the company. Finally, Bank of America began coverage on Terran Orbital in a report on Wednesday, June 15th. They set a “buy” rating and a $9.00 price objective for the company. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Terran Orbital presently has an average rating of “Buy” and a consensus price target of $12.83.

Terran Orbital Price Performance

Terran Orbital stock opened at $3.33 on Tuesday. Terran Orbital has a fifty-two week low of $3.31 and a fifty-two week high of $12.69. The firm has a 50 day moving average of $4.26.

Terran Orbital Company Profile

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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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