Viasat Inc. (NASDAQ:VSAT – Get Free Report) CFO Garrett Chase sold 4,000 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $72.23, for a total value of $288,920.00. Following the transaction, the chief financial officer owned 30,239 shares of the company’s stock, valued at approximately $2,184,162.97. The trade was a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Viasat Stock Down 3.0%
Shares of VSAT stock traded down $2.27 during trading on Tuesday, reaching $72.59. The company’s stock had a trading volume of 589,499 shares, compared to its average volume of 2,102,715. The business has a fifty day moving average price of $72.11 and a 200-day moving average price of $58.48. The company has a quick ratio of 2.19, a current ratio of 2.41 and a debt-to-equity ratio of 1.35. The company has a market cap of $9.91 billion, a price-to-earnings ratio of -250.15 and a beta of 1.70. Viasat Inc. has a one year low of $14.50 and a one year high of $93.03.
Viasat (NASDAQ:VSAT – Get Free Report) last released its earnings results on Thursday, May 28th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.34). Viasat had a negative net margin of 0.73% and a positive return on equity of 1.58%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the business posted ($0.02) EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate that Viasat Inc. will post -0.39 earnings per share for the current year.
Analysts Set New Price Targets
Check Out Our Latest Research Report on Viasat
Hedge Funds Weigh In On Viasat
Institutional investors have recently bought and sold shares of the business. Valued Wealth Advisors LLC bought a new stake in Viasat in the first quarter valued at approximately $25,000. Elevation Wealth Partners LLC raised its stake in Viasat by 935.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock valued at $32,000 after acquiring an additional 318 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Viasat during the 4th quarter valued at $36,000. Los Angeles Capital Management LLC bought a new position in Viasat during the fourth quarter worth $38,000. Finally, EFG International AG acquired a new position in shares of Viasat in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 86.05% of the company’s stock.
Viasat Company Profile
Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.
Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.
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