24,139 Shares in Voyager Technologies, Inc. $VOYG Acquired by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company acquired 24,139 Voyager Technologies shares during the first quarter, valued at approximately $565,000. Several other institutional investors also initiated smaller positions.
• Voyager President Matthew James Kuta sold 199,807 shares for about $8.6 million under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 51.55%; insiders collectively own 27.04% of the company.
• VOYG opened at $43.02, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $44.82, despite mixed individual ratings.

The Manufacturers Life Insurance Company purchased a new stake in Voyager Technologies, Inc. (NYSE:VOYG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,139 shares of the company's stock, valued at approximately $565,000.

Several other large investors have also modified their holdings of the stock. Federation des caisses Desjardins du Quebec acquired a new position in shares of Voyager Technologies in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Voyager Technologies during the fourth quarter valued at $28,000. Sunbelt Securities Inc. acquired a new position in shares of Voyager Technologies in the 4th quarter valued at $33,000. Ameritas Investment Partners Inc. purchased a new position in Voyager Technologies in the 3rd quarter worth about $34,000. Finally, Russell Investments Group Ltd. acquired a new stake in Voyager Technologies during the 3rd quarter worth about $35,000.

Insider Activity

In related news, President Matthew James Kuta sold 199,807 shares of Voyager Technologies stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total transaction of $8,585,706.79. Following the completion of the sale, the president owned 187,758 shares of the company's stock, valued at approximately $8,067,961.26. This trade represents a 51.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 27.04% of the company's stock.

Voyager Technologies Stock Down 2.8%

VOYG stock opened at $43.02 on Friday. The company has a 50 day moving average of $33.44 and a two-hundred day moving average of $31.80. The company has a market cap of $2.38 billion, a price-to-earnings ratio of -18.39 and a beta of 4.19. Voyager Technologies, Inc. has a 12-month low of $17.41 and a 12-month high of $52.40. The company has a quick ratio of 3.72, a current ratio of 3.80 and a debt-to-equity ratio of 1.19.

Wall Street Analyst Weigh In

A number of analysts have commented on VOYG shares. Wall Street Zen lowered shares of Voyager Technologies from a "sell" rating to a "strong sell" rating in a research note on Sunday, April 19th. Citigroup boosted their price target on shares of Voyager Technologies from $44.00 to $54.00 and gave the company a "buy" rating in a report on Thursday. Wedbush started coverage on shares of Voyager Technologies in a research report on Wednesday, July 1st. They set an "outperform" rating and a $46.00 price objective on the stock. Weiss Ratings raised shares of Voyager Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, June 26th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $65.00 price target on shares of Voyager Technologies in a report on Sunday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.82.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source