Viavi Solutions Inc. (NASDAQ:VIAV – Get Free Report) CEO Oleg Khaykin sold 136,547 shares of Viavi Solutions stock in a transaction on Friday, May 8th. The stock was sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the transaction, the chief executive officer owned 1,188,798 shares in the company, valued at $61,603,512.36. This represents a 10.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Oleg Khaykin also recently made the following trade(s):
- On Thursday, May 7th, Oleg Khaykin sold 123,333 shares of Viavi Solutions stock. The stock was sold at an average price of $51.43, for a total transaction of $6,343,016.19.
- On Wednesday, May 6th, Oleg Khaykin sold 34,024 shares of Viavi Solutions stock. The stock was sold at an average price of $54.07, for a total transaction of $1,839,677.68.
- On Tuesday, May 5th, Oleg Khaykin sold 20,238 shares of Viavi Solutions stock. The stock was sold at an average price of $54.77, for a total transaction of $1,108,435.26.
- On Tuesday, May 5th, Oleg Khaykin sold 104,552 shares of Viavi Solutions stock. The stock was sold at an average price of $54.61, for a total transaction of $5,709,584.72.
- On Tuesday, February 10th, Oleg Khaykin sold 20,000 shares of Viavi Solutions stock. The stock was sold at an average price of $27.51, for a total transaction of $550,200.00.
- On Tuesday, February 10th, Oleg Khaykin sold 42,767 shares of Viavi Solutions stock. The stock was sold at an average price of $27.50, for a total transaction of $1,176,092.50.
- On Monday, February 9th, Oleg Khaykin sold 73,250 shares of Viavi Solutions stock. The stock was sold at an average price of $26.25, for a total transaction of $1,922,812.50.
Viavi Solutions Price Performance
Shares of VIAV stock traded down $0.17 on Friday, hitting $50.88. 3,961,170 shares of the stock traded hands, compared to its average volume of 5,900,248. The firm has a market cap of $11.90 billion, a price-to-earnings ratio of -212.37 and a beta of 1.22. Viavi Solutions Inc. has a 52 week low of $8.87 and a 52 week high of $60.43. The firm has a 50 day simple moving average of $37.76 and a two-hundred day simple moving average of $25.82. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.61 and a quick ratio of 1.39.
Hedge Funds Weigh In On Viavi Solutions
A number of large investors have recently made changes to their positions in VIAV. Royal Bank of Canada boosted its stake in shares of Viavi Solutions by 11.5% during the 1st quarter. Royal Bank of Canada now owns 183,320 shares of the communications equipment provider’s stock worth $2,051,000 after purchasing an additional 18,910 shares during the period. AQR Capital Management LLC raised its holdings in shares of Viavi Solutions by 110.5% in the 1st quarter. AQR Capital Management LLC now owns 33,663 shares of the communications equipment provider’s stock valued at $377,000 after purchasing an additional 17,673 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Viavi Solutions by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 131,061 shares of the communications equipment provider’s stock valued at $1,467,000 after purchasing an additional 5,775 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Viavi Solutions by 205.4% in the 1st quarter. Millennium Management LLC now owns 476,767 shares of the communications equipment provider’s stock valued at $5,335,000 after purchasing an additional 320,662 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Viavi Solutions in the 1st quarter valued at about $165,000. 95.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on VIAV shares. Weiss Ratings restated a “sell (d-)” rating on shares of Viavi Solutions in a research report on Wednesday, April 29th. UBS Group lifted their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Needham & Company LLC lifted their price target on shares of Viavi Solutions from $28.00 to $36.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Rosenblatt Securities lifted their price target on shares of Viavi Solutions from $27.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Viavi Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.
Check Out Our Latest Analysis on VIAV
About Viavi Solutions
Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.
Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.
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