The President & Chief Executive Officer of Maxar Technologies (NYSE: MAXR) is Buying Shares

By Carrie Williams

Yesterday, the President & Chief Executive Officer of Maxar Technologies (MAXRResearch Report), Daniel Lee Jablonsky, bought shares of MAXR for $68.06K.

Following Daniel Lee Jablonsky’s last MAXR Buy transaction on May 19, 2020, the stock climbed by 13.7%. This is Jablonsky’s first Buy trade following 8 Sell transactions.

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The company has a one-year high of $28.12 and a one-year low of $6.68. MAXR’s market cap is $1.43 billion and the company has a P/E ratio of 5.10.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $22.00, reflecting a 6.1% upside. Three different firms, including J.P. Morgan and RBC Capital, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $256.3K worth of MAXR shares and purchased $136.1K worth of MAXR shares. The insider sentiment on Maxar Technologies has been negative according to 134 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.