ViaSat, Inc. (NASDAQ:VSAT) COO Richard A. Baldridge sold 35,000 shares of ViaSat stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $59.92, for a total value of $2,097,200.00. Following the completion of the transaction, the chief operating officer now directly owns 59,000 shares in the company, valued at $3,535,280. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of ViaSat, Inc. (VSAT) traded down 0.64% during trading on Friday, hitting $60.54. The company’s stock had a trading volume of 1,024,300 shares. The firm’s 50 day moving average is $65.44 and its 200-day moving average is $65.61. The company has a market capitalization of $3.50 billion, a P/E ratio of 262.08 and a beta of 0.68. ViaSat, Inc. has a 1-year low of $57.75 and a 1-year high of $82.19.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.03. ViaSat had a net margin of 0.82% and a return on equity of 1.21%. The company had revenue of $380 million for the quarter, compared to analyst estimates of $384.29 million. During the same period in the prior year, the company posted $0.23 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Analysts forecast that ViaSat, Inc. will post $0.05 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was first reported by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.dailypolitical.com/2017/08/11/richard-a-baldridge-sells-35000-shares-of-viasat-inc-nasdaqvsat-stock.html.

A number of hedge funds have recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. acquired a new stake in shares of ViaSat during the first quarter valued at $163,000. Geode Capital Management LLC increased its stake in shares of ViaSat by 10.9% in the first quarter. Geode Capital Management LLC now owns 437,084 shares of the communications equipment provider’s stock valued at $27,894,000 after buying an additional 42,961 shares during the last quarter. Legal & General Group Plc increased its stake in shares of ViaSat by 26.6% in the first quarter. Legal & General Group Plc now owns 35,347 shares of the communications equipment provider’s stock valued at $2,254,000 after buying an additional 7,428 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of ViaSat by 40.4% in the fourth quarter. Guggenheim Capital LLC now owns 18,115 shares of the communications equipment provider’s stock valued at $1,199,000 after buying an additional 5,211 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of ViaSat by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,039 shares of the communications equipment provider’s stock valued at $1,151,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

VSAT has been the topic of several research analyst reports. B. Riley set a $89.00 price objective on ViaSat and gave the company a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research lowered ViaSat from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. Cowen and Company raised ViaSat from a “market perform” rating to an “outperform” rating in a research note on Saturday, June 3rd. Royal Bank Of Canada set a $48.00 price objective on ViaSat and gave the company a “sell” rating in a research note on Saturday, May 6th. Finally, TheStreet raised ViaSat from a “c” rating to a “b-” rating in a research note on Tuesday, May 23rd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. ViaSat presently has an average rating of “Hold” and an average price target of $76.45.

About ViaSat

ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.

Insider Buying and Selling by Quarter for ViaSat (NASDAQ:VSAT)

Receive News & Ratings for ViaSat Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat Inc. and related companies with MarketBeat.com's FREE daily email newsletter.