Viasat Inc. (NASDAQ:VSAT - Get Free Report) SVP Benjamin Edward Palmer sold 2,400 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $46.21, for a total value of $110,904.00. Following the transaction, the senior vice president owned 25,431 shares of the company's stock, valued at approximately $1,175,166.51. The trade was a 8.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Viasat Stock Up 3.0%
Shares of Viasat stock opened at $47.53 on Tuesday. The firm has a market cap of $6.46 billion, a PE ratio of -18.35 and a beta of 1.44. The business's 50 day simple moving average is $44.68 and its 200 day simple moving average is $37.83. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.90 and a current ratio of 2.13. Viasat Inc. has a 52-week low of $7.36 and a 52-week high of $50.24.
Hedge Funds Weigh In On Viasat
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Viasat by 8.2% in the third quarter. Vanguard Group Inc. now owns 16,962,958 shares of the communications equipment provider's stock valued at $497,015,000 after buying an additional 1,289,024 shares during the last quarter. OCO Capital Partners L.P. increased its holdings in shares of Viasat by 60.0% during the 2nd quarter. OCO Capital Partners L.P. now owns 6,000,000 shares of the communications equipment provider's stock worth $87,600,000 after acquiring an additional 2,250,000 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake in Viasat by 15.8% in 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 acquiring an additional 796,349 shares during the period. Neuberger Berman Group LLC raised its stake in Viasat by 6.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,541,636 shares of the communications equipment provider's stock valued at $80,908,000 after acquiring an additional 351,404 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Viasat by 22.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,050,883 shares of the communications equipment provider's stock valued at $139,601,000 after purchasing an additional 743,696 shares during the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Morgan Stanley set a $51.00 price objective on shares of Viasat in a research report on Friday, January 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $45.00 target price on shares of Viasat in a research report on Wednesday, January 21st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Viasat in a research note on Wednesday, January 21st. William Blair reissued an "outperform" rating on shares of Viasat in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Viasat from a "hold" rating to a "buy" rating and increased their price objective for the stock from $36.00 to $48.00 in a research note on Friday, February 6th. Six research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Viasat has a consensus rating of "Moderate Buy" and an average target price of $45.86.
Check Out Our Latest Stock Report on Viasat
Viasat Company Profile
(
Get Free Report)
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.
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