Benjamin Edward Palmer Sells 2,000 Shares of Viasat (NASDAQ:VSAT) Stock

Viasat Inc. (NASDAQ:VSAT – Get Free Report) SVP Benjamin Palmer sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $66.75, for a total value of $133,500.00. Following the sale, the senior vice president directly owned 30,087 shares of the company’s stock, valued at $2,008,307.25. This represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Benjamin Edward Palmer also recently made the following trade(s):

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• On Monday, August 3rd, Benjamin Palmer sold 2,400 shares of Viasat stock. The shares were sold at an average price of $75.46, for a total value of $181,104.00.

Viasat Stock Performance

VSAT stock opened at $75.32 on Friday. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of -313.83 and a beta of 1.70. Viasat Inc. has a twelve month low of $26.10 and a twelve month high of $93.03. The business’s fifty day simple moving average is $76.09 and its two-hundred day simple moving average is $65.11. The company has a quick ratio of 1.52, a current ratio of 1.68 and a debt-to-equity ratio of 1.23.

Hedge Funds Weigh In On Viasat

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Viasat during the second quarter worth $1,863,374,000. California State Teachers Retirement System increased its holdings in shares of Viasat by 8,886.4% in the 2nd quarter. California State Teachers Retirement System now owns 12,015,500 shares of the communications equipment provider’s stock valued at $1,079,112,000 after acquiring an additional 11,881,792 shares during the period. Disciplined Growth Investors Inc. MN raised its position in shares of Viasat by 15.8% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,845,100 shares of the communications equipment provider’s stock worth $85,338,000 after acquiring an additional 796,349 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Viasat by 18.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,789,539 shares of the communications equipment provider’s stock worth $219,346,000 after purchasing an additional 738,656 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Viasat by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 3,328,854 shares of the communications equipment provider’s stock worth $115,266,000 after purchasing an additional 273,369 shares during the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research note on Friday, July 17th. Wall Street Zen lowered Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Barclays set a $49.00 target price on Viasat in a report on Friday, May 29th. Oppenheimer initiated coverage on Viasat in a research note on Monday, June 29th. They set an “outperform” rating and a $140.00 price target on the stock. Finally, Morgan Stanley set a $95.00 price objective on Viasat in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.67.

Check Out Our Latest Research Report on VSAT

Viasat Company Profile

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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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