Voyager Technologies, Inc.’s (NYSE:VOYG) Lock-Up Period Will Expire Tomorrow

Voyager Technologies’ (NYSE:VOYG) lock-up period will end on Monday, December 8th. Voyager Technologies had issued 12,348,387 shares in its public offering on June 11th. The total size of the offering was $382,799,997 based on an initial share price of $31.00. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analyst Weigh In

VOYG has been the subject of several research reports. Morgan Stanley cut their target price on shares of Voyager Technologies from $46.00 to $25.00 and set an “equal weight” rating for the company in a research report on Monday, November 24th. Wall Street Zen cut Voyager Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Voyager Technologies in a research report on Wednesday, October 8th. KeyCorp dropped their target price on Voyager Technologies from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Finally, Bank of America reduced their price target on shares of Voyager Technologies from $50.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, August 25th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.71.

Voyager Technologies Price Performance

NYSE VOYG opened at $23.62 on Friday. Voyager Technologies has a 1-year low of $17.41 and a 1-year high of $73.95. The firm has a 50-day moving average of $27.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VOYG. Senvest Management LLC bought a new stake in Voyager Technologies during the 2nd quarter valued at $110,514,000. Alyeska Investment Group L.P. purchased a new stake in shares of Voyager Technologies during the third quarter worth about $54,119,000. Wellington Management Group LLP boosted its holdings in shares of Voyager Technologies by 653.9% during the third quarter. Wellington Management Group LLP now owns 1,631,613 shares of the company’s stock worth $48,589,000 after purchasing an additional 1,415,192 shares during the period. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Voyager Technologies in the second quarter worth about $41,607,000. Finally, Balyasny Asset Management L.P. purchased a new position in Voyager Technologies during the 2nd quarter valued at about $38,997,000.

About Voyager Technologies

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.