Viasat (NASDAQ:VSAT) CFO Garrett Chase Sells 4,000 Shares of Stock

Viasat Inc. (NASDAQ:VSAT) CFO Garrett Chase sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $72.23, for a total transaction of $288,920.00. Following the sale, the chief financial officer owned 30,239 shares in the company, valued at approximately $2,184,162.97. The trade was a 11.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Viasat Stock Performance

VSAT opened at $74.13 on Wednesday. The firm has a market cap of $10.12 billion, a P/E ratio of -255.62 and a beta of 1.70. Viasat Inc. has a 1-year low of $14.50 and a 1-year high of $93.03. The company has a 50 day simple moving average of $72.17 and a two-hundred day simple moving average of $58.73. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.41 and a quick ratio of 2.19.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings data on Thursday, May 28th. The communications equipment provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.32 by ($0.34). Viasat had a negative net margin of 0.73% and a positive return on equity of 1.58%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that Viasat Inc. will post -0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a research report on Friday, July 17th. Oppenheimer began coverage on Viasat in a research note on Monday, June 29th. They set an “outperform” rating and a $140.00 target price on the stock. Raymond James Financial set a $74.00 price target on Viasat and gave the stock an “outperform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $97.00 price target on shares of Viasat in a research note on Monday, June 1st. Finally, Barclays set a $49.00 price objective on shares of Viasat in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VSAT. Disciplined Growth Investors Inc. MN increased its holdings in shares of Viasat by 15.8% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,845,100 shares of the communications equipment provider’s stock worth $85,338,000 after purchasing an additional 796,349 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 valued at $219,346,000 after buying an additional 738,656 shares during the last quarter. Geode Capital Management LLC grew its holdings in Viasat by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 3,328,854 shares of the communications equipment provider’s stock valued at $115,266,000 after buying an additional 273,369 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Viasat by 2,821.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,222,981 shares of the communications equipment provider’s stock valued at $111,065,000 after buying an additional 3,112,670 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Viasat by 64.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,866,242 shares of the communications equipment provider’s stock worth $29,866,000 after acquiring an additional 1,128,338 shares during the last quarter. Institutional investors own 86.05% of the company’s stock.

About Viasat

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.