ViaSat, Inc. (VSAT) Director Jeffrey M. Nash Sells 2,000 Shares of Stock
ViaSat, Inc. (NASDAQ:VSAT) Director Jeffrey M. Nash sold 2,000 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $72.65, for a total transaction of $145,300.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
ViaSat, Inc. (NASDAQ:VSAT) traded up $0.45 during trading hours on Friday, reaching $72.80. 815,491 shares of the company’s stock were exchanged, compared to its average volume of 304,570. The company has a current ratio of 1.68, a quick ratio of 1.21 and a debt-to-equity ratio of 0.38. The stock has a market cap of $4,260.37, a PE ratio of -102.54 and a beta of 0.84. ViaSat, Inc. has a one year low of $57.75 and a one year high of $80.26.
ViaSat (NASDAQ:VSAT) last posted its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $381.80 million during the quarter, compared to analysts’ expectations of $392.99 million. ViaSat had a negative net margin of 2.59% and a negative return on equity of 1.13%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 EPS. analysts predict that ViaSat, Inc. will post -1.16 earnings per share for the current year.
A number of large investors have recently bought and sold shares of VSAT. Crossmark Global Holdings Inc. purchased a new position in ViaSat in the 3rd quarter valued at about $283,000. Prudential Financial Inc. boosted its position in ViaSat by 2.9% in the 3rd quarter. Prudential Financial Inc. now owns 36,796 shares of the communications equipment provider’s stock valued at $2,367,000 after buying an additional 1,023 shares during the last quarter. Principal Financial Group Inc. boosted its position in ViaSat by 2.2% in the 3rd quarter. Principal Financial Group Inc. now owns 228,030 shares of the communications equipment provider’s stock valued at $14,666,000 after buying an additional 4,808 shares during the last quarter. Retirement Systems of Alabama boosted its position in ViaSat by 1.9% in the 3rd quarter. Retirement Systems of Alabama now owns 69,613 shares of the communications equipment provider’s stock valued at $4,478,000 after buying an additional 1,312 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in ViaSat by 9.4% in the 3rd quarter. Rhumbline Advisers now owns 121,530 shares of the communications equipment provider’s stock valued at $7,817,000 after buying an additional 10,434 shares during the last quarter. 99.42% of the stock is owned by institutional investors.
ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.
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