Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of SBA Communications Corporation (NASDAQ:SBAC)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of SBA Communications Corporation (NASDAQ:SBAC). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in SBA Communications stock on January 9th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Hermès International Société en commandite par actions (OTCMKTS:HESAF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Tencent (OTC:TCTZF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Xiaomi (OTCMKTS:XIACF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Mitsubishi Heavy Industries (OTCMKTS:MHVYF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Banco Santander (NYSE:SAN) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Leonardo (OTCMKTS:FINMF) on 2/3/2026.
• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Transdigm Group (NYSE:TDG) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of Cloudflare (NYSE:NET) on 1/30/2026.
• Purchased $1,001 – $15,000 in shares of AutoZone (NYSE:AZO) on 1/30/2026.

SBA Communications Stock Performance

SBAC traded up $2.35 during trading on Tuesday, hitting $203.12. 1,293,166 shares of the stock were exchanged, compared to its average volume of 859,734. SBA Communications Corporation has a 1 year low of $177.49 and a 1 year high of $245.16. The firm has a market cap of $21.64 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 1.90 and a beta of 0.87. The firm has a 50 day simple moving average of $189.21 and a 200 day simple moving average of $196.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in SBA Communications by 3.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 179,706 shares of the technology company’s stock worth $42,202,000 after buying an additional 5,246 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of SBA Communications by 58.2% during the second quarter. Impax Asset Management Group plc now owns 5,501 shares of the technology company’s stock valued at $1,292,000 after acquiring an additional 2,023 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in SBA Communications during the 2nd quarter worth about $2,824,000. Diamond Hill Capital Management Inc. raised its stake in SBA Communications by 24.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,855,329 shares of the technology company’s stock valued at $358,728,000 after purchasing an additional 366,491 shares during the last quarter. Finally, SteelPeak Wealth LLC purchased a new position in SBA Communications in the 3rd quarter valued at about $2,618,000. 97.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SBAC. TD Cowen reissued a “buy” rating on shares of SBA Communications in a report on Tuesday, November 4th. Scotiabank cut their price target on shares of SBA Communications from $252.00 to $233.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 14th. Barclays dropped their price target on SBA Communications from $219.00 to $212.00 and set an “overweight” rating on the stock in a research note on Monday, December 1st. Williams Trading set a $237.00 price objective on shares of SBA Communications in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SBA Communications in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $235.18.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

SBA Communications Company Profile

SBA Communications Corporation (NASDAQ: SBAC) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its core business is the leasing of space on communications towers, rooftop sites and other wireless structures to mobile network operators, broadband providers and other wireless service customers. The company also provides site development, construction and ongoing site management services to support the deployment and operation of wireless networks.

In addition to traditional macro towers, SBA offers a range of infrastructure solutions designed for dense urban and suburban markets, including small cells, distributed antenna systems (DAS) and fiber backhaul and transport services.