Viasat (NASDAQ:VSAT) CFO Sells $290,000.00 in Stock

Viasat Inc. (NASDAQ:VSATGet Free Report) CFO Garrett Chase sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $72.50, for a total value of $290,000.00. Following the sale, the chief financial officer owned 38,239 shares of the company’s stock, valued at $2,772,327.50. The trade was a 9.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Viasat Trading Down 7.9%

Shares of VSAT stock traded down $5.75 during mid-day trading on Friday, reaching $67.18. The company’s stock had a trading volume of 2,554,500 shares, compared to its average volume of 1,865,434. 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 firm has a market capitalization of $9.17 billion, a PE ratio of -231.66 and a beta of 1.71. The company’s 50 day simple moving average is $64.03 and its 200-day simple moving average is $49.16. Viasat Inc. has a 12-month low of $9.01 and a 12-month high of $89.79.

Institutional Trading of Viasat

Several hedge funds have recently added to or reduced their stakes in VSAT. Cetera Investment Advisers boosted its holdings in Viasat by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 8,605 shares of the communications equipment provider’s stock valued at $394,000 after purchasing an additional 217 shares during the period. Vise Technologies Inc. increased its holdings in shares of Viasat by 4.8% during the 4th quarter. Vise Technologies Inc. now owns 7,446 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 342 shares during the period. CWM LLC increased its holdings in shares of Viasat by 1.8% during the 4th quarter. CWM LLC now owns 19,360 shares of the communications equipment provider’s stock worth $667,000 after purchasing an additional 349 shares during the period. State of Tennessee Department of Treasury raised its position in shares of Viasat by 0.8% during the fourth quarter. State of Tennessee Department of Treasury now owns 46,952 shares of the communications equipment provider’s stock valued at $1,618,000 after buying an additional 350 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Viasat by 1.9% in the third quarter. Victory Capital Management Inc. now owns 19,145 shares of the communications equipment provider’s stock valued at $561,000 after buying an additional 361 shares during the period. Institutional investors own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VSAT. Barclays set a $49.00 price target on shares of Viasat in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $97.00 price objective on shares of Viasat in a report on Monday. New Street Research began coverage on Viasat in a report on Wednesday, May 13th. They set a “buy” rating and a $100.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research report on Monday, April 20th. Finally, B. Riley Financial upped their price target on Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.13.

Read Our Latest Analysis on Viasat

Viasat Company Profile

(Get Free Report)

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.

Further Reading

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

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