John Stenbit Sells 705 Shares of Viasat (NASDAQ:VSAT) Stock

Viasat Inc. (NASDAQ:VSAT) Director John Stenbit sold 705 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $66.75, for a total transaction of $47,058.75. Following the sale, the director directly owned 545 shares in the company, valued at approximately $36,378.75. The trade was a 56.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Viasat Stock Up 5.0%

Shares of NASDAQ:VSAT opened at $75.32 on Friday. Viasat Inc. has a 52-week low of $26.10 and a 52-week high of $93.03. The company has a market capitalization of $10.38 billion, a PE ratio of -313.83 and a beta of 1.70. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.52 and a current ratio of 1.68. The company has a fifty day moving average of $76.09 and a 200-day moving average of $65.11.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VSAT shares. Needham & Company LLC boosted their price target on Viasat from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a report on Friday, July 17th. New Street Research began coverage on shares of Viasat in a research report on Wednesday, May 13th. They set a “buy” rating and a $100.00 target price on the stock. Zacks Research raised shares of Viasat from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $97.00 price target on shares of Viasat in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Viasat has an average rating of “Moderate Buy” and an average price target of $90.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP boosted its position in shares of Viasat by 4.7% during the 2nd quarter. Corient Private Wealth LP now owns 202,570 shares of the communications equipment provider’s stock valued at $18,193,000 after purchasing an additional 9,162 shares in the last quarter. Amundi increased its holdings in Viasat by 16.5% in the second quarter. Amundi now owns 10,706 shares of the communications equipment provider’s stock worth $962,000 after purchasing an additional 1,518 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Viasat in the second quarter valued at approximately $1,697,000. California State Teachers Retirement System boosted its holdings in shares of Viasat by 8,886.4% during the 2nd quarter. California State Teachers Retirement System now owns 12,015,500 shares of the communications equipment provider’s stock worth $1,079,112,000 after buying an additional 11,881,792 shares in the last quarter. Finally, AlphaGrep UK Ltd bought a new position in shares of Viasat during the 2nd quarter worth approximately $252,000. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Company Profile

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.