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

Voyager Technologies, Inc. (NYSE:VOYG) President Matthew James Kuta sold 199,807 shares of Voyager Technologies stock in a transaction dated 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 directly owned 187,758 shares of the company’s stock, valued at approximately $8,067,961.26. This trade represents a 51.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Voyager Technologies Price Performance

VOYG opened at $43.02 on Friday. The company has a current ratio of 3.80, a quick ratio of 3.72 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $2.38 billion, a P/E ratio of -18.39 and a beta of 4.19. The stock has a 50-day moving average price of $33.44 and a 200-day moving average price of $31.80. Voyager Technologies, Inc. has a 12-month low of $17.41 and a 12-month high of $52.40.

Institutional Trading of Voyager Technologies

Several large investors have recently modified their holdings of VOYG. HB Wealth Management LLC raised its position in Voyager Technologies by 0.8% during the 1st quarter. HB Wealth Management LLC now owns 45,096 shares of the company’s stock valued at $1,055,000 after purchasing an additional 376 shares during the last quarter. World Equity Group Inc. increased its stake in shares of Voyager Technologies by 1.1% during the second quarter. World Equity Group Inc. now owns 38,433 shares of the company’s stock valued at $1,239,000 after buying an additional 400 shares during the period. Royal Bank of Canada increased its stake in shares of Voyager Technologies by 18.8% during the first quarter. Royal Bank of Canada now owns 3,041 shares of the company’s stock valued at $71,000 after buying an additional 481 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Voyager Technologies by 2.9% during the third quarter. Ameriprise Financial Inc. now owns 27,271 shares of the company’s stock valued at $812,000 after acquiring an additional 757 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Voyager Technologies by 33.8% in the fourth quarter. Farther Finance Advisors LLC now owns 3,492 shares of the company’s stock worth $91,000 after acquiring an additional 882 shares during the period.

Wall Street Analyst Weigh In

VOYG has been the subject of a number of recent research reports. Wedbush started coverage on Voyager Technologies in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $46.00 target price for the company. Wolfe Research reiterated an “outperform” rating and issued a $55.00 price objective on shares of Voyager Technologies in a research report on Wednesday, June 3rd. Weiss Ratings raised Voyager Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, June 26th. Jefferies Financial Group restated a “buy” rating and issued a $65.00 target price on shares of Voyager Technologies in a report on Sunday, August 9th. Finally, Citigroup lifted their target price on shares of Voyager Technologies from $44.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.