ViaSat, Inc. (VSAT) Insider Sells $298,726.00 in Stock

ViaSat, Inc. (NASDAQ:VSAT) insider Keven K. Lippert sold 4,100 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $72.86, for a total value of $298,726.00. Following the completion of the sale, the insider now owns 177 shares of the company’s stock, valued at $12,896.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of ViaSat, Inc. (NASDAQ:VSAT) traded down $0.72 during trading hours on Friday, hitting $73.52. The stock had a trading volume of 333,618 shares, compared to its average volume of 571,252. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.71. The firm has a market capitalization of $4,323.53, a price-to-earnings ratio of 1,484.80 and a beta of 0.78. ViaSat, Inc. has a 12-month low of $57.75 and a 12-month high of $74.99.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Wednesday, November 8th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. The firm had revenue of $393.10 million for the quarter, compared to analyst estimates of $401.83 million. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. analysts forecast that ViaSat, Inc. will post -0.98 earnings per share for the current year.

A number of research firms have recently commented on VSAT. B. Riley restated a “buy” rating and issued a $89.00 price objective on shares of ViaSat in a research report on Sunday, August 13th. TheStreet lowered ViaSat from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Royal Bank Of Canada set a $50.00 price target on ViaSat and gave the stock a “sell” rating in a research note on Tuesday, August 15th. Finally, Jefferies Group set a $67.00 price target on ViaSat and gave the stock a “hold” rating in a research note on Sunday, September 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. ViaSat has an average rating of “Hold” and an average price target of $73.36.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in ViaSat by 1,936.1% during the second quarter. JPMorgan Chase & Co. now owns 12,135 shares of the communications equipment provider’s stock worth $803,000 after buying an additional 11,539 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in ViaSat by 123.0% during the second quarter. BNP Paribas Arbitrage SA now owns 26,641 shares of the communications equipment provider’s stock worth $1,764,000 after buying an additional 14,694 shares during the last quarter. Fiduciary Management Inc. WI acquired a new position in ViaSat during the second quarter worth $28,948,000. Comerica Bank boosted its stake in ViaSat by 27.5% during the second quarter. Comerica Bank now owns 52,615 shares of the communications equipment provider’s stock worth $3,471,000 after buying an additional 11,334 shares during the last quarter. Finally, New South Capital Management Inc. boosted its stake in ViaSat by 12.2% during the second quarter. New South Capital Management Inc. now owns 2,309,525 shares of the communications equipment provider’s stock worth $152,891,000 after buying an additional 251,890 shares during the last quarter. 99.42% of the stock is currently owned by institutional investors.

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ViaSat Company Profile

ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.

Insider Buying and Selling by Quarter for ViaSat (NASDAQ:VSAT)

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