Voyager Technologies (NYSE:VOYG) President Sells 199,807 Shares of Stock

Key Points

• Voyager Technologies President Matthew James Kuta sold 199,807 shares for approximately $8.59 million at an average price of $42.97, reducing his stake by 51.55% to 187,758 shares. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Voyager’s stock rose 3.1% to $44.33, near the analyst consensus target of $44.82. Analysts’ views remain mixed but lean positive, with a current average rating of “Moderate Buy” and price targets ranging from $37 to $65.
• The company reported quarterly revenue of $52.75 million, up 15.4% year over year, and an adjusted loss of $0.70 per share that beat estimates of a $1.01 loss. Despite the improvement, Voyager continues to post substantial losses, including a negative net margin of 78.61%.

Voyager Technologies, Inc. (NYSE:VOYG - Get Free Report) President Matthew James Kuta sold 199,807 shares of Voyager Technologies stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 $8,067,961.26. This trade represents a 51.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Voyager Technologies Trading Up 3.1%

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

Voyager Technologies (NYSE:VOYG - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) earnings per share 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 during the quarter. During the same period in the previous year, the firm posted ($1.23) earnings per share. The company's quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities analysts predict that Voyager Technologies, Inc. will post -3.48 EPS for the current year.

Hedge Funds Weigh In On Voyager Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in VOYG. Legal & General Group Plc purchased a new stake in shares of Voyager Technologies during the second quarter worth approximately $40,000. Federation des caisses Desjardins du Quebec purchased a new position in Voyager Technologies in the fourth quarter worth approximately $26,000. Osaic Holdings Inc. purchased a new position in Voyager Technologies in the second quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd acquired a new position in Voyager Technologies during the 4th quarter worth approximately $28,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Voyager Technologies in the 3rd quarter valued at approximately $34,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VOYG. 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 target on the stock. Wall Street Zen cut shares of Voyager Technologies from a "sell" rating to a "strong sell" rating in a report on Sunday, April 19th. Morgan Stanley reaffirmed an "underweight" rating and set a $37.00 target price on shares of Voyager Technologies in a research note on Wednesday, August 5th. Jefferies Financial Group reissued a "buy" rating and issued a $65.00 price target on shares of Voyager Technologies in a research report on Sunday. Finally, Wolfe Research restated an "outperform" rating and issued a $55.00 price target on shares of Voyager Technologies in a research note on Wednesday, June 3rd. Two 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.

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