Insider Selling: Viasat (NASDAQ:VSAT) SVP Sells $263,000.00 in Stock

Viasat Inc. (NASDAQ:VSAT) SVP Craig Andrew Miller sold 5,260 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $50.00, for a total transaction of $263,000.00. Following the sale, the senior vice president directly owned 21,252 shares of the company’s stock, valued at $1,062,600. This represents a 19.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Viasat Stock Performance

NASDAQ VSAT opened at $46.39 on Friday. The firm’s 50 day simple moving average is $45.42 and its 200 day simple moving average is $38.22. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of -17.91 and a beta of 1.44. Viasat Inc. has a 1 year low of $7.36 and a 1 year high of $52.70. The company has a current ratio of 2.13, a quick ratio of 1.90 and a debt-to-equity ratio of 1.35.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Viasat by 483.2% during the first quarter. Royal Bank of Canada now owns 109,448 shares of the communications equipment provider’s stock valued at $1,140,000 after purchasing an additional 90,680 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Viasat by 189.7% in the 1st quarter. AQR Capital Management LLC now owns 452,933 shares of the communications equipment provider’s stock valued at $4,692,000 after purchasing an additional 296,612 shares during the period. Millennium Management LLC boosted its stake in Viasat by 673.7% during the first quarter. Millennium Management LLC now owns 1,386,089 shares of the communications equipment provider’s stock valued at $14,443,000 after buying an additional 1,206,935 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Viasat by 64.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock valued at $29,866,000 after acquiring an additional 1,128,338 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in Viasat by 6.9% in the 1st quarter. Empowered Funds LLC now owns 226,184 shares of the communications equipment provider’s stock worth $2,357,000 after buying an additional 14,575 shares in the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Analysts Set New Price Targets

VSAT has been the topic of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $45.00 target price on shares of Viasat in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $48.00 in a research note on Friday, February 6th. William Blair reaffirmed an “outperform” rating on shares of Viasat in a research report on Tuesday, January 13th. Morgan Stanley set a $51.00 price target on Viasat in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.86.

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.