Key Points
- Viasat SVP Benjamin Edward Palmer sold 2,000 shares at an average price of $66.75, generating $133,500 in proceeds. His holdings fell 6.23% to 30,087 shares.
- Viasat shares opened at $71.72, with a market capitalization of approximately $9.88 billion. Institutional investors own 86.05% of the stock, including a new BlackRock position valued at about $1.86 billion.
- Analyst sentiment is mixed but leans positive: Viasat has a “Moderate Buy” consensus rating and an average price target of $90.67, despite some analysts maintaining sell ratings.
Viasat Inc. (NASDAQ:VSAT - Get Free Report) 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 value of $47,058.75. Following the transaction, the director owned 545 shares of the company's stock, valued at approximately $36,378.75. The trade was a 56.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Viasat Stock Performance
Shares of VSAT opened at $71.72 on Friday. Viasat Inc. has a 1 year low of $26.10 and a 1 year high of $93.03. The company has a market cap of $9.88 billion, a price-to-earnings ratio of -298.83 and a beta of 1.70. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.52 and a current ratio of 1.68. The firm has a fifty day moving average of $75.82 and a 200-day moving average of $65.03.
Wall Street Analyst Weigh In
VSAT has been the subject of several recent analyst reports. Needham & Company LLC upped their target price on shares of Viasat from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Oppenheimer assumed coverage on Viasat in a report on Monday, June 29th. They set an "outperform" rating and a $140.00 price target on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Viasat in a research report on Friday, July 17th. Morgan Stanley set a $95.00 price objective on Viasat in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $97.00 target price on shares of Viasat in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Viasat currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.67.
Check Out Our Latest Analysis on Viasat
Hedge Funds Weigh In On Viasat
Several large investors have recently bought and sold shares of VSAT. BlackRock Inc. acquired a new stake in shares of Viasat in the 2nd quarter worth approximately $1,863,374,000. California State Teachers Retirement System increased its stake in shares of Viasat by 8,886.4% during the second quarter. California State Teachers Retirement System now owns 12,015,500 shares of the communications equipment provider's stock valued at $1,079,112,000 after acquiring an additional 11,881,792 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in shares of Viasat by 15.8% during the second 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. Dimensional Fund Advisors LP raised its holdings in Viasat by 18.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,789,539 shares of the communications equipment provider's stock worth $219,346,000 after purchasing an additional 738,656 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Viasat by 8.9% during the fourth quarter. Geode Capital Management LLC now owns 3,328,854 shares of the communications equipment provider's stock worth $115,266,000 after purchasing an additional 273,369 shares in the last quarter. Institutional investors and hedge funds own 86.05% of the company's stock.
About Viasat
(
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.
Further Reading
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