ViaSat, Inc. (NASDAQ:VSAT) Insider Kevin J. Harkenrider Sells 20,000 Shares
ViaSat, Inc. (NASDAQ:VSAT) insider Kevin J. Harkenrider sold 20,000 shares of ViaSat stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $66.07, for a total value of $1,321,400.00. Following the completion of the transaction, the insider now owns 24,004 shares in the company, valued at approximately $1,585,944.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of ViaSat, Inc. (NASDAQ VSAT) traded down 0.24% on Thursday, hitting $65.91. The stock had a trading volume of 259,559 shares. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 146.47 and a beta of 0.68. ViaSat, Inc. has a one year low of $61.85 and a one year high of $82.19. The firm’s 50-day moving average is $66.08 and its 200-day moving average is $65.64.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, May 23rd. The communications equipment provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. ViaSat had a return on equity of 2.07% and a net margin of 1.52%. The firm had revenue of $416.40 million during the quarter, compared to analysts’ expectations of $400.90 million. During the same period in the previous year, the firm posted $0.29 earnings per share. ViaSat’s revenue was up 11.9% on a year-over-year basis. On average, analysts expect that ViaSat, Inc. will post $0.34 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. acquired a new stake in shares of ViaSat during the first quarter worth approximately $163,000. Geode Capital Management LLC increased its stake in ViaSat by 10.9% in the first quarter. Geode Capital Management LLC now owns 437,084 shares of the communications equipment provider’s stock worth $27,894,000 after buying an additional 42,961 shares during the period. Guggenheim Capital LLC increased its stake in ViaSat by 40.4% in the fourth quarter. Guggenheim Capital LLC now owns 18,115 shares of the communications equipment provider’s stock worth $1,199,000 after buying an additional 5,211 shares during the period. Oregon Public Employees Retirement Fund increased its stake in ViaSat by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,039 shares of the communications equipment provider’s stock worth $1,151,000 after buying an additional 300 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in ViaSat by 25.8% in the first quarter. UBS Asset Management Americas Inc. now owns 28,696 shares of the communications equipment provider’s stock worth $1,831,000 after buying an additional 5,878 shares during the period. 94.14% of the stock is owned by institutional investors.
Several equities analysts have issued reports on the company. B. Riley reiterated a “buy” rating and issued a $89.00 target price on shares of ViaSat in a research note on Friday, May 19th. Royal Bank Of Canada set a $48.00 price target on ViaSat and gave the stock a “sell” rating in a research note on Saturday, May 6th. Cowen and Company upgraded ViaSat from a “market perform” rating to an “outperform” rating in a research note on Saturday, June 3rd. J P Morgan Chase & Co restated a “neutral” rating and set a $74.00 price target on shares of ViaSat in a research note on Wednesday, May 31st. Finally, TheStreet upgraded ViaSat from a “c” rating to a “b-” rating in a research note on Tuesday, May 23rd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $76.45.
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.
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