Terran Orbital (NYSE:LLAP) Shares Gap Up to $4.04

Terran Orbital Co. (NYSE:LLAPGet Rating) gapped up before the market opened on Monday . The stock had previously closed at $4.04, but opened at $4.18. Terran Orbital shares last traded at $4.16, with a volume of 583 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LLAP. Stifel Nicolaus began coverage on shares of Terran Orbital in a research note on Monday, August 15th. They set a “buy” rating and a $8.00 price objective for the company. Bank of America began coverage on shares of Terran Orbital in a report on Wednesday, June 15th. They issued a “buy” rating and a $9.00 target price on the stock. Finally, B. Riley began coverage on shares of Terran Orbital in a report on Monday. They issued a “buy” rating and a $10.00 target price on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $12.83.

Terran Orbital Stock Performance

The company has a fifty day moving average of $4.36.

Insiders Place Their Bets

In other news, major shareholder Beach Point Capital Management sold 27,000 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $4.22, for a total transaction of $113,940.00. Following the completion of the transaction, the insider now directly owns 1,078,669 shares in the company, valued at $4,551,983.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 150,368 shares of company stock worth $724,548 over the last ninety days.

Hedge Funds Weigh In On Terran Orbital

Several institutional investors have recently bought and sold shares of the company. First Republic Investment Management Inc. acquired a new position in Terran Orbital in the 2nd quarter valued at about $98,000. State Street Corp acquired a new position in Terran Orbital in the 2nd quarter valued at about $1,519,000. Virtu Financial LLC grew its position in Terran Orbital by 195.6% in the 2nd quarter. Virtu Financial LLC now owns 38,636 shares of the company’s stock valued at $177,000 after acquiring an additional 25,566 shares in the last quarter. American International Group Inc. acquired a new position in Terran Orbital in the 2nd quarter valued at about $51,000. Finally, Northern Trust Corp acquired a new position in Terran Orbital in the 2nd quarter valued at about $1,142,000. 84.94% of the stock is owned by institutional investors and hedge funds.

About Terran Orbital

(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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