The Chief Accounting Officer of Maxar Technologies is Exercising Options

Today it was reported that the Chief Accounting Officer of Maxar Technologies (MAXRResearch Report), Carolyn K Pittman, exercised options to sell 9,855 MAXR shares for a total transaction value of $357.4K.

Following Carolyn K Pittman’s last MAXR Sell transaction on May 18, 2021, the stock climbed by 5.8%.

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Based on Maxar Technologies’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $392 million and GAAP net loss of -$84,000,000. In comparison, last year the company earned revenue of $381 million and had a GAAP net loss of $48 million. The company has a one-year high of $58.75 and a one-year low of $17.78. MAXR’s market cap is $2.54 billion and the company has a P/E ratio of 8.00.

Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $46.50, reflecting a -25.9% downside.

The insider sentiment on Maxar Technologies has been negative according to 148 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Maxar Technologies, Inc. provides space technology solutions, delivering unmatched end-to-end capabilities in satellites, robotics, Earth imagery, geospatial data, analytics and insights. Its segments include Space Systems, Imagery and Services. The company was founded on February 3, 1969 and is headquartered in Westminster, Co.