Tiger Global Management Llc Sells 85,904 Shares of Starry Group Holdings, Inc. (NYSE:STRY) Stock

Starry Group Holdings, Inc. (NYSE:STRYGet Rating) major shareholder Tiger Global Management Llc sold 85,904 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $0.23, for a total value of $19,757.92. Following the completion of the sale, the insider now directly owns 17,849,313 shares in the company, valued at $4,105,341.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tiger Global Management Llc also recently made the following trade(s):

  • On Thursday, November 17th, Tiger Global Management Llc sold 107,064 shares of Starry Group stock. The stock was sold at an average price of $0.24, for a total transaction of $25,695.36.
  • On Tuesday, November 15th, Tiger Global Management Llc sold 212,648 shares of Starry Group stock. The stock was sold at an average price of $0.29, for a total transaction of $61,667.92.
  • On Monday, October 10th, Tiger Global Management Llc sold 146,096 shares of Starry Group stock. The stock was sold at an average price of $1.00, for a total transaction of $146,096.00.
  • On Friday, October 7th, Tiger Global Management Llc sold 48,109 shares of Starry Group stock. The shares were sold at an average price of $1.01, for a total transaction of $48,590.09.
  • On Wednesday, October 5th, Tiger Global Management Llc sold 13,757 shares of Starry Group stock. The shares were sold at an average price of $1.30, for a total transaction of $17,884.10.
  • On Monday, October 3rd, Tiger Global Management Llc sold 237,896 shares of Starry Group stock. The shares were sold at an average price of $1.30, for a total transaction of $309,264.80.
  • On Wednesday, September 28th, Tiger Global Management Llc sold 54,300 shares of Starry Group stock. The shares were sold at an average price of $1.66, for a total transaction of $90,138.00.
  • On Monday, September 26th, Tiger Global Management Llc sold 16,172 shares of Starry Group stock. The shares were sold at an average price of $1.76, for a total transaction of $28,462.72.

Starry Group Price Performance

Starry Group stock opened at $0.20 on Thursday. The company’s 50-day moving average price is $0.91 and its 200-day moving average price is $3.41. Starry Group Holdings, Inc. has a twelve month low of $0.17 and a twelve month high of $10.90. The company has a debt-to-equity ratio of 35.82, a quick ratio of 0.85 and a current ratio of 0.85.

Analyst Upgrades and Downgrades

Several brokerages have commented on STRY. Cowen decreased their price target on shares of Starry Group from $8.00 to $2.00 in a research note on Thursday, November 3rd. Cowen decreased their price target on shares of Starry Group from $8.00 to $2.00 in a research note on Thursday, November 3rd. The Goldman Sachs Group decreased their price target on shares of Starry Group from $8.00 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 10th. Moffett Nathanson decreased their price target on shares of Starry Group to $6.50 in a research note on Thursday, September 29th. Finally, Citigroup cut shares of Starry Group from a “neutral” rating to a “sell” rating in a research note on Monday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $6.29.

Institutional Trading of Starry Group

Institutional investors have recently bought and sold shares of the stock. Citigroup Inc. bought a new position in Starry Group during the first quarter valued at $26,000. Bank of America Corp DE bought a new position in Starry Group during the 1st quarter valued at about $36,000. Penserra Capital Management LLC bought a new stake in Starry Group in the first quarter worth about $43,000. American International Group Inc. purchased a new stake in shares of Starry Group in the second quarter worth approximately $46,000. Finally, JPMorgan Chase & Co. purchased a new position in Starry Group during the 2nd quarter valued at $52,000. 88.29% of the stock is currently owned by institutional investors.

About Starry Group

(Get Rating)

Starry Group Holdings, Inc operates as a next generation licensed fixed wireless technology developer and internet service provider. The company is deploying gigabit capable broadband to the home using its hybrid fiber fixed wireless technology. It serves approximately 5.3 million households through deploying its gigabit network in six U.S.

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Insider Buying and Selling by Quarter for Starry Group (NYSE:STRY)

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