Voyager Technologies (NYSE:VOYG) President Matthew James Kuta Sells 199,807 Shares

Voyager Technologies, Inc. (NYSE:VOYG) President Matthew James Kuta sold 199,807 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $42.97, for a total value of $8,585,706.79. Following the completion of the transaction, the president directly owned 187,758 shares in the company, valued at $8,067,961.26. This trade represents a 51.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Voyager Technologies Stock Up 3.1%

NYSE VOYG traded up $1.33 during trading on Thursday, reaching $44.33. 1,357,034 shares of the company’s stock were exchanged, compared to its average volume of 1,916,395. The company has a 50 day moving average price of $33.49 and a two-hundred day moving average price of $31.67. The stock has a market cap of $2.45 billion, a P/E ratio of -18.95 and a beta of 4.19. Voyager Technologies, Inc. has a 1 year low of $17.41 and a 1 year high of $52.40. The company has a debt-to-equity ratio of 1.19, a quick ratio of 3.72 and a current ratio of 3.80.

Voyager Technologies (NYSE:VOYG) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, beating analysts’ consensus estimates of ($1.01) by $0.31. Voyager Technologies had a negative return on equity of 27.31% and a negative net margin of 78.61%.The business had revenue of $52.75 million for the quarter. During the same quarter in the previous year, the company posted ($1.23) EPS. The company’s revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts anticipate that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on VOYG shares. Wedbush initiated coverage on shares of Voyager Technologies in a report on Wednesday, July 1st. They set an “outperform” rating and a $46.00 price objective on the stock. BTIG Research began coverage on shares of Voyager Technologies in a report on Thursday, June 11th. They issued a “buy” rating and a $55.00 target price for the company. Wolfe Research reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Voyager Technologies in a research report on Wednesday, June 3rd. Wall Street Zen cut shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 19th. Finally, Morgan Stanley restated an “underweight” rating and issued a $37.00 price objective on shares of Voyager Technologies in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.82.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. acquired a new stake in shares of Voyager Technologies in the third quarter valued at approximately $54,119,000. Wellington Management Group LLP increased its holdings in shares of Voyager Technologies by 653.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock valued at $48,589,000 after acquiring an additional 1,415,192 shares during the period. Tema ETFs LLC increased its holdings in shares of Voyager Technologies by 125,688.6% in the 2nd quarter. Tema ETFs LLC now owns 1,353,485 shares of the company’s stock valued at $43,650,000 after acquiring an additional 1,352,409 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Voyager Technologies in the 2nd quarter valued at $38,997,000. Finally, Senvest Management LLC raised its position in Voyager Technologies by 29.3% in the 4th quarter. Senvest Management LLC now owns 3,905,721 shares of the company’s stock valued at $102,096,000 after purchasing an additional 884,962 shares during the last quarter.

Voyager Technologies Company Profile

We are an innovation-driven defense technology and space solutions company. Our company was purpose-built to address issues at the forefront of defense, national security and space industries and we have organized our business to reflect this goal. We strive to solve complex challenges to fortify national security, protect critical assets and unlock new frontiers for human progress and economic development. We are committed to developing and delivering an array of transformative, mission-critical solutions to customers enabled by our advanced technology, analytics and space infrastructure capabilities.