ArrowMark Colorado Holdings LLC Lowers Stake in Voyager Technologies, Inc. $VOYG

ArrowMark Colorado Holdings LLC decreased its holdings in shares of Voyager Technologies, Inc. (NYSE:VOYG) by 22.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 172,470 shares of the company’s stock after selling 48,737 shares during the period. ArrowMark Colorado Holdings LLC owned 0.32% of Voyager Technologies worth $5,136,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Senvest Management LLC purchased a new stake in Voyager Technologies during the 2nd quarter valued at about $110,514,000. Wellington Management Group LLP boosted its holdings in Voyager Technologies by 653.9% in 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 last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Voyager Technologies in the 2nd quarter worth approximately $41,607,000. Balyasny Asset Management L.P. purchased a new stake in Voyager Technologies during the second quarter valued at $38,997,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Voyager Technologies during the 2nd quarter valued at about $24,720,000.

Voyager Technologies Price Performance

Shares of VOYG stock opened at $27.00 on Monday. The company has a market capitalization of $1.44 billion and a P/E ratio of -6.24. The company’s 50-day simple moving average is $29.52 and its two-hundred day simple moving average is $28.39. Voyager Technologies, Inc. has a one year low of $17.41 and a one year high of $73.95. The company has a debt-to-equity ratio of 1.04, a current ratio of 4.37 and a quick ratio of 4.34.

Voyager Technologies (NYSE:VOYG) last posted its quarterly earnings results on Monday, March 9th. The company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.01). Voyager Technologies had a negative net margin of 62.98% and a negative return on equity of 23.35%. The company had revenue of $46.65 million for the quarter. The firm’s quarterly revenue was up 23.7% on a year-over-year basis.

Wall Street Analysts Forecast Growth

VOYG has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and set a $46.00 price target on shares of Voyager Technologies in a research note on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Voyager Technologies in a report on Wednesday, January 21st. Zacks Research lowered shares of Voyager Technologies from a “hold” rating to a “strong sell” rating in a report on Monday, March 9th. JPMorgan Chase & Co. started coverage on shares of Voyager Technologies in a research note on Monday, November 24th. They issued an “overweight” rating and a $43.00 price target on the stock. Finally, Morgan Stanley set a $39.00 price target on Voyager Technologies in a report on Friday, January 16th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $44.88.

Voyager Technologies 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.