Viasat, Inc. (NASDAQ:VSAT) Insider Sells $33,750,000.00 in Stock

Viasat, Inc. (NASDAQ:VSAT - Get Free Report) insider Cpp Investment Board Private H sold 3,750,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the sale, the insider now owns 4,795,334 shares of the company's stock, valued at $43,158,006. This represents a 43.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Viasat Stock Down 0.7 %

Shares of Viasat stock traded down $0.06 during trading hours on Friday, reaching $9.17. 3,544,439 shares of the company were exchanged, compared to its average volume of 4,080,137. The firm has a market cap of $1.18 billion, a PE ratio of -2.73 and a beta of 1.35. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44. Viasat, Inc. has a 1 year low of $6.69 and a 1 year high of $26.70. The stock's fifty day moving average is $9.35 and its 200 day moving average is $11.64.

Viasat (NASDAQ:VSAT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.70). Viasat had a negative net margin of 9.49% and a negative return on equity of 8.28%. As a group, equities research analysts forecast that Viasat, Inc. will post -2.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on VSAT shares. William Blair reiterated a "market perform" rating on shares of Viasat in a report on Friday, February 7th. Morgan Stanley dropped their price target on shares of Viasat from $26.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Barclays decreased their price objective on shares of Viasat from $24.00 to $9.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 20th. Needham & Company LLC reiterated a "buy" rating and issued a $19.00 target price on shares of Viasat in a report on Monday, February 10th. Finally, Cantor Fitzgerald started coverage on Viasat in a research note on Friday, January 24th. They set a "neutral" rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $15.43.

Institutional Investors Weigh In On Viasat

Hedge funds and other institutional investors have recently modified their holdings of the company. National Bank of Canada FI purchased a new position in Viasat in the third quarter valued at $27,000. Point72 Hong Kong Ltd acquired a new position in shares of Viasat during the 3rd quarter worth about $28,000. KBC Group NV increased its holdings in shares of Viasat by 63.7% in the 3rd quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider's stock valued at $31,000 after acquiring an additional 1,021 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Viasat by 176.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,777 shares of the communications equipment provider's stock worth $33,000 after acquiring an additional 1,772 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Viasat by 75.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider's stock worth $25,000 after purchasing an additional 1,267 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.