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

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 the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of C$45.80, for a total transaction of C$1,860,396.00. Following the completion of the transaction, the insider owned 34,810 shares in the company, valued at 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 shares were 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 shares were sold at an average price of C$30.70, for a total transaction of C$270,160.00.

MDA Space Trading Down 0.3%

MDA stock opened at C$30.80 on Friday. The company has a debt-to-equity ratio of 34.94, a quick ratio of 1.00 and a current ratio of 0.83. The company's 50-day simple moving average is C$41.56 and its 200 day simple moving average is C$32.37. MDA Space Ltd. has a 52 week low of C$15.53 and a 52 week high of C$48.31. The company has a market capitalization of C$3.85 billion, a PE ratio of 34.22 and a beta of -0.63.

Wall Street Analysts Forecast Growth

MDA has been the subject of several recent analyst reports. Canaccord Genuity Group cut their price objective on shares of MDA Space from C$54.00 to C$47.00 in a research report on Tuesday, September 9th. Desjardins cut their price objective on shares of MDA Space from C$56.00 to C$43.00 and set a "buy" rating for the company in a research report on Tuesday, September 9th. BMO Capital Markets cut their price objective on shares of MDA Space from C$53.00 to C$40.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Royal Bank Of Canada cut their price objective on shares of MDA Space from C$53.00 to C$45.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Finally, Scotiabank cut their price objective on shares of MDA Space from C$55.00 to C$43.00 and set an "outperform" rating for the company in a research report on Tuesday, September 9th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$38.44.

About MDA Space

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.

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