MDA Space (TSE:MDA) Insider Holly Lynn Johnson Sells 40,620 Shares

Key Points

• Holly Lynn Johnson, an insider at MDA Space Ltd., sold 40,620 shares at an average price of C$45.80, resulting in a total transaction value of approximately C$1.86 million, significantly decreasing her ownership by 53.85%.
• Following the insider selling, MDA Space's stock has a market capitalization of C$3.85 billion and has experienced a recent trading price around C$30.80, reflecting a nearly 0.3% decline.
• Analysts have lowered their price targets for MDA Space, with Canaccord Genuity setting a new target of C$47.00, while maintaining a consensus rating of "Buy" and an average target price of C$38.44.

MDA Space Ltd. (TSE:MDA - Get Free Report) insider Holly Lynn Johnson sold 40,620 shares of MDA Space stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of C$45.80, for a total transaction of C$1,860,396.00. Following the sale, the insider directly owned 34,810 shares of the company's stock, valued at approximately C$1,594,298. This trade represents a 53.85% decrease in their ownership of the stock.

Holly Lynn Johnson also recently made the following trade(s):

• On Monday, June 23rd, Holly Lynn Johnson sold 31,200 shares of MDA Space stock. The stock was sold at an average price of C$30.70, for a total transaction of C$957,840.00.
• On Friday, June 20th, Holly Lynn Johnson sold 8,800 shares of MDA Space stock. The stock was sold at an average price of C$30.70, for a total transaction of C$270,160.00.

MDA Space Stock Down 0.4%

TSE:MDA traded down C$0.13 during midday trading on Friday, hitting C$31.42. 172,609 shares of the company were exchanged, compared to its average volume of 565,366. The company has a fifty day simple moving average of C$41.03 and a 200 day simple moving average of C$32.57. MDA Space Ltd. has a fifty-two week low of C$16.20 and a fifty-two week high of C$48.31. The company has a current ratio of 0.83, a quick ratio of 1.00 and a debt-to-equity ratio of 34.94. The company has a market capitalization of C$3.92 billion, a PE ratio of 34.91 and a beta of -0.63.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. BMO Capital Markets cut their price target on shares of MDA Space from C$53.00 to C$40.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Canaccord Genuity Group cut their price target on shares of MDA Space from C$54.00 to C$47.00 in a research note on Tuesday, September 9th. Scotiabank cut their price target on shares of MDA Space from C$55.00 to C$43.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Desjardins dropped their price objective on shares of MDA Space from C$56.00 to C$43.00 and set a "buy" rating on the stock in a research note on Tuesday, September 9th. Finally, Royal Bank Of Canada dropped their price objective on shares of MDA Space from C$53.00 to C$45.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 9th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$38.44.

MDA Space Company Profile

MDA Space Ltd, formerly MDA Ltd, is a global space company. The Company is a robotics, satellite systems and Geo intelligence provider. It provides communications satellites and earth and space observation. It is also involved in space exploration and infrastructure. Its software, AURORA, is a digital satellite product line providing critical new solutions to operators.