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 business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $72.50, for a total value of $290,000.00. Following the transaction, the chief financial officer owned 38,239 shares in the company, valued at approximately $2,772,327.50. This trade represents a 9.47% 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 the SEC website.

Viasat Stock Down 7.9%

Shares of VSAT stock opened at $67.18 on Friday. Viasat Inc. has a 1-year low of $9.01 and a 1-year high of $89.79. The stock’s fifty day moving average price is $64.38 and its 200 day moving average price is $49.28. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.41 and a quick ratio of 2.19. The company has a market cap of $9.17 billion, a price-to-earnings ratio of -231.66 and a beta of 1.71.

Institutional Trading of Viasat

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VSAT. Valued Wealth Advisors LLC acquired a new stake in Viasat during the 1st quarter worth about $25,000. Hantz Financial Services Inc. lifted its position in Viasat by 6,815.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 886 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Viasat during the 4th quarter worth about $36,000. Los Angeles Capital Management LLC acquired a new stake in Viasat during the 4th quarter worth about $38,000. Finally, EFG International AG acquired a new stake in Viasat during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

VSAT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $97.00 target price on shares of Viasat in a research note on Monday. New Street Research initiated coverage on Viasat in a research note on Wednesday, May 13th. They set a “buy” rating and a $100.00 target price on the stock. Needham & Company LLC boosted their target price on Viasat from $58.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday. Raymond James Financial set a $74.00 price target on Viasat and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Barclays set a $49.00 price target on Viasat in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Viasat presently has a consensus rating of “Moderate Buy” and an average target price of $77.13.

Viasat Company Profile

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.