ViaSat, Inc. (VSAT) CEO Mark D. Dankberg Sells 28,500 Shares of Stock
ViaSat, Inc. (NASDAQ:VSAT) CEO Mark D. Dankberg sold 28,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $66.00, for a total value of $1,881,000.00. Following the transaction, the chief executive officer now directly owns 28,500 shares in the company, valued at approximately $1,881,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of ViaSat, Inc. (VSAT) opened at 67.22 on Wednesday. ViaSat, Inc. has a 52-week low of $57.75 and a 52-week high of $82.19. The firm has a market capitalization of $3.90 billion, a PE ratio of 291.00 and a beta of 0.71. The firm’s 50-day moving average price is $61.99 and its 200-day moving average price is $64.46.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $380.00 million for the quarter, compared to the consensus estimate of $384.29 million. ViaSat had a net margin of 0.82% and a return on equity of 1.21%. ViaSat’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. On average, equities analysts predict that ViaSat, Inc. will post $0.05 earnings per share for the current fiscal year.
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Several research firms have recently weighed in on VSAT. B. Riley set a $89.00 target price on ViaSat and gave the company a “buy” rating in a report on Wednesday, June 14th. BidaskClub downgraded ViaSat from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Barclays PLC restated an “equal weight” rating and set a $80.00 price target (down previously from $82.00) on shares of ViaSat in a research note on Monday, July 10th. TheStreet lowered ViaSat from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $73.90.
Hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of ViaSat by 24,650.6% during the first quarter. BlackRock Inc. now owns 5,393,642 shares of the communications equipment provider’s stock valued at $344,224,000 after purchasing an additional 5,371,850 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of ViaSat by 109.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,148,694 shares of the communications equipment provider’s stock worth $76,044,000 after purchasing an additional 599,752 shares during the period. Clough Capital Partners L P raised its position in shares of ViaSat by 91.6% during the 1st quarter. Clough Capital Partners L P now owns 1,113,881 shares of the communications equipment provider’s stock worth $72,483,000 after purchasing an additional 532,501 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of ViaSat during the 2nd quarter worth approximately $29,147,000. Finally, Fiduciary Management Inc. WI acquired a new stake in shares of ViaSat during the 2nd quarter worth approximately $28,948,000. Institutional investors own 99.42% of the company’s stock.
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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