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

Viasat Inc. (NASDAQ:VSAT) Director John Stenbit sold 705 shares of the company’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 completion of the transaction, the director directly owned 545 shares of the company’s stock, valued at $36,378.75. This represents a 56.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Viasat Price Performance

VSAT stock traded up $1.80 during trading on Thursday, reaching $71.72. The company’s stock had a trading volume of 1,759,755 shares, compared to its average volume of 2,082,908. The company has a quick ratio of 1.52, a current ratio of 1.68 and a debt-to-equity ratio of 1.23. The company’s fifty day moving average is $75.58 and its 200-day moving average is $64.87. The company has a market capitalization of $9.88 billion, a P/E ratio of -298.83 and a beta of 1.70. Viasat Inc. has a 1 year low of $26.10 and a 1 year high of $93.03.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $97.00 target price on shares of Viasat in a research report on Monday, June 1st. B. Riley Financial lifted their price target on shares of Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 29th. Barclays set a $49.00 price target on shares of Viasat in a report on Friday, May 29th. Finally, New Street Research assumed coverage on shares of Viasat in a report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.67.

Institutional Investors Weigh In On Viasat

A number of hedge funds have recently bought and sold shares of VSAT. BlackRock Inc. bought a new position in Viasat during the second quarter valued at $1,863,374,000. California State Teachers Retirement System increased its holdings in shares of Viasat by 8,886.4% in 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 during the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Viasat by 15.8% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,845,100 shares of the communications equipment provider’s stock valued at $85,338,000 after buying an additional 796,349 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Viasat by 18.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,789,539 shares of the communications equipment provider’s stock valued at $219,346,000 after acquiring an additional 738,656 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Viasat by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 3,328,854 shares of the communications equipment provider’s stock valued at $115,266,000 after acquiring an additional 273,369 shares during the last quarter. Hedge funds and other institutional investors own 86.05% of the company’s stock.

About Viasat

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.