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

Voyager Technologies, Inc. (NYSE:VOYG) President Matthew James Kuta sold 199,807 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $42.97, for a total value of $8,585,706.79. Following the sale, the president owned 187,758 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Voyager Technologies Trading Up 3.1%

VOYG stock opened at $44.33 on Friday. The business has a fifty day moving average price of $33.42 and a 200 day moving average price of $31.72. The company has a debt-to-equity ratio of 1.19, a current ratio of 3.80 and a quick ratio of 3.72. Voyager Technologies, Inc. has a fifty-two week low of $17.41 and a fifty-two week high of $52.40. The stock 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) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.70) EPS for the quarter, topping 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 company had revenue of $52.75 million for the quarter. During the same period in the prior year, the firm posted ($1.23) EPS. Voyager Technologies’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts expect that Voyager Technologies, Inc. will post -3.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VOYG has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $65.00 price objective on shares of Voyager Technologies in a report on Sunday. Wall Street Zen downgraded shares of Voyager Technologies from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 19th. BTIG Research began coverage on shares of Voyager Technologies in a research report on Thursday, June 11th. They set a “buy” rating and a $55.00 target price on the stock. Citigroup raised 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. Finally, Weiss Ratings upgraded shares of Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 26th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.82.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Comerica Bank grew its holdings in Voyager Technologies by 44,598.9% during the 4th quarter. Comerica Bank now owns 40,229 shares of the company’s stock worth $1,052,000 after acquiring an additional 40,139 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Voyager Technologies in the 4th quarter valued at $7,334,000. HB Wealth Management LLC bought a new position in shares of Voyager Technologies in the 4th quarter worth $1,169,000. Kestra Advisory Services LLC grew its stake in shares of Voyager Technologies by 14,088.8% during the first quarter. Kestra Advisory Services LLC now owns 119,612 shares of the company’s stock worth $2,798,000 after purchasing an additional 118,769 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Voyager Technologies by 213.0% during the first quarter. Fifth Third Bancorp now owns 87,375 shares of the company’s stock worth $2,044,000 after purchasing an additional 59,464 shares during the period.

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. 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.