Theresa Wise Sells 2,500 Shares of Viasat (NASDAQ:VSAT) Stock

Viasat Inc. (NASDAQ:VSAT) Director Theresa Wise sold 2,500 shares of Viasat stock in a transaction on Monday, June 8th. The stock was sold at an average price of $69.00, for a total value of $172,500.00. Following the sale, the director owned 11,000 shares in the company, valued at $759,000. This trade represents a 18.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Viasat Stock Performance

Viasat stock traded down $1.54 during mid-day trading on Tuesday, reaching $63.94. 2,745,098 shares of the company’s stock were exchanged, compared to its average volume of 1,895,923. The business’s fifty day simple moving average is $64.73 and its 200 day simple moving average is $49.61. The firm has a market capitalization of $8.73 billion, a PE ratio of -220.48 and a beta of 1.70. Viasat Inc. has a one year low of $10.31 and a one year high of $89.79. The company has a quick ratio of 2.19, a current ratio of 2.41 and a debt-to-equity ratio of 1.35.

Institutional Trading of Viasat

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Viasat by 8.2% in the third quarter. Vanguard Group Inc. now owns 16,962,958 shares of the communications equipment provider’s stock worth $497,015,000 after buying an additional 1,289,024 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in 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 buying an additional 796,349 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Viasat by 18.2% in 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 buying an additional 738,656 shares during the last quarter. American Century Companies Inc. increased its position in Viasat by 38.5% in the third quarter. American Century Companies Inc. now owns 3,713,581 shares of the communications equipment provider’s stock worth $108,808,000 after buying an additional 1,033,194 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Viasat by 8.9% in 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 buying an additional 273,369 shares during the last quarter. 86.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VSAT has been the topic of a number of recent analyst reports. 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. B. Riley Financial lifted their price target on Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Barclays set a $49.00 price target on Viasat in a report on Friday, May 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Viasat in a report on Monday, April 20th. Finally, New Street Research initiated coverage on Viasat in a report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Viasat presently has a consensus rating of “Moderate Buy” and an average target price of $77.13.

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.