Viasat (NASDAQ:VSAT) SVP Sells $1,579,275.00 in Stock

Viasat Inc. (NASDAQ:VSAT) SVP Craig Miller sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $70.19, for a total transaction of $1,579,275.00. Following the transaction, the senior vice president owned 41,570 shares in the company, valued at $2,917,798.30. This represents a 35.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Craig Andrew Miller also recently made the following trade(s):

• On Friday, October 9th, Craig Miller sold 11,893 shares of Viasat stock. The stock was sold at an average price of $71.61, for a total value of $851,657.73.

Viasat Price Performance

VSAT traded down $7.55 during trading on Thursday, reaching $59.24. The stock had a trading volume of 4,283,471 shares, compared to its average volume of 2,092,010. The stock has a 50 day moving average of $70.19 and a two-hundred day moving average of $64.08. 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 firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of -246.83 and a beta of 1.76. Viasat Inc. has a 1-year low of $29.13 and a 1-year high of $93.03.

Viasat (NASDAQ:VSAT) last issued its quarterly earnings results on Thursday, November 5th. The communications equipment provider reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.10. Viasat had a positive return on equity of 1.44% and a negative net margin of 0.64%. As a group, equities analysts anticipate that Viasat Inc. will post -0.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on VSAT shares. Zacks Research raised Viasat from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a research report on Thursday, October 15th. Needham & Company LLC upped their price target on shares of Viasat from $90.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Viasat from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Morgan Stanley set a $95.00 price objective on shares of Viasat in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Viasat has an average rating of “Moderate Buy” and an average price target of $90.67.

Institutional Investors Weigh In On Viasat

Several large investors have recently modified their holdings of VSAT. Parallel Advisors LLC raised its position in shares of Viasat by 169.3% during the third quarter. Parallel Advisors LLC now owns 412 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 259 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Viasat by 9.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 10,387 shares of the communications equipment provider’s stock valued at $731,000 after purchasing an additional 922 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Viasat by 9.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 5,422 shares of the communications equipment provider’s stock valued at $382,000 after purchasing an additional 479 shares during the period. Chicago Partners Investment Group LLC increased its stake in Viasat by 11.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,187 shares of the communications equipment provider’s stock worth $380,000 after purchasing an additional 617 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Viasat by 0.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 30,952 shares of the communications equipment provider’s stock worth $2,178,000 after purchasing an additional 129 shares in the last quarter. 86.05% of the stock is owned by institutional investors.

Viasat Company Profile

Viasat, Inc is a communications technology company that provides satellite-based connectivity and related services to commercial, government and consumer customers. The company’s offerings include high-speed broadband, satellite communications, network services and connectivity solutions designed for locations where terrestrial networks may be limited or unavailable.

Viasat serves the aviation, maritime, residential broadband, enterprise and government markets. Its services support in-flight internet for commercial and business aircraft, connectivity for ships and offshore operations, broadband access for homes and communities, and secure communications for government and defense customers.