ViaSat Inc. (NASDAQ:VSAT) insider Ken Allen Peterman sold 6,563 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $78.23, for a total transaction of $513,423.49. Following the completion of the transaction, the insider now directly owns 11,182 shares in the company, valued at $874,767.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of ViaSat Inc. (NASDAQ:VSAT) opened at 80.59 on Tuesday. The stock has a market cap of $3.97 billion, a P/E ratio of 188.29 and a beta of 0.67. ViaSat Inc. has a 12-month low of $56.02 and a 12-month high of $82.19. The company’s 50-day moving average is $73.17 and its 200-day moving average is $73.21.

ViaSat (NASDAQ:VSAT) last issued its earnings results on Tuesday, November 8th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.13. ViaSat had a return on equity of 2.91% and a net margin of 1.83%. The business earned $399.20 million during the quarter, compared to analyst estimates of $378.83 million. During the same quarter in the previous year, the firm earned $0.30 EPS. ViaSat’s revenue was up 13.0% on a year-over-year basis. On average, equities research analysts anticipate that ViaSat Inc. will post $1.24 earnings per share for the current year.

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

Institutional investors have recently modified their holdings of the company. BlackRock Fund Advisors raised its stake in ViaSat by 6.3% in the third quarter. BlackRock Fund Advisors now owns 2,439,821 shares of the company’s stock valued at $182,133,000 after buying an additional 144,644 shares during the last quarter. State Street Corp raised its stake in ViaSat by 55.5% in the second quarter. State Street Corp now owns 1,424,054 shares of the company’s stock valued at $101,676,000 after buying an additional 508,454 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in ViaSat by 21.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,316,052 shares of the company’s stock valued at $93,966,000 after buying an additional 232,323 shares during the last quarter. Northern Trust Corp raised its stake in ViaSat by 0.6% in the third quarter. Northern Trust Corp now owns 691,616 shares of the company’s stock valued at $51,629,000 after buying an additional 3,992 shares during the last quarter. Finally, Cove Street Capital LLC raised its stake in ViaSat by 26.5% in the second quarter. Cove Street Capital LLC now owns 652,403 shares of the company’s stock valued at $46,581,000 after buying an additional 136,530 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently commented on VSAT shares. B. Riley reiterated a “buy” rating and issued a $89.00 target price on shares of ViaSat in a report on Saturday. TheStreet upgraded shares of ViaSat from a “hold” rating to a “buy” rating in a report on Tuesday, November 8th. Jefferies Group set a $85.00 target price on shares of ViaSat and gave the company a “hold” rating in a report on Tuesday, November 8th. Wunderlich increased their target price on shares of ViaSat from $50.00 to $58.00 and gave the company a “sell” rating in a report on Wednesday, November 9th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of ViaSat in a report on Wednesday, October 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $75.40.

About ViaSat

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.

5 Day Chart for NASDAQ:VSAT

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