ViaSat, Inc. (NASDAQ:VSAT) CEO Mark D. Dankberg sold 28,500 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $60.12, for a total value of $1,713,420.00. Following the completion of the sale, the chief executive officer now directly owns 28,500 shares in the company, valued at approximately $1,713,420. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

ViaSat, Inc. (VSAT) opened at 61.20 on Friday. ViaSat, Inc. has a 52 week low of $57.75 and a 52 week high of $82.19. The company has a market capitalization of $3.55 billion, a PE ratio of 264.94 and a beta of 0.69. The stock has a 50 day moving average price of $62.37 and a 200-day moving average price of $64.78.

ViaSat (NASDAQ:VSAT) last announced its earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The company had revenue of $380.00 million during the quarter, compared to analysts’ expectations of $384.29 million. During the same quarter last year, the firm posted $0.23 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts predict that ViaSat, Inc. will post $0.05 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the stock. LS Investment Advisors LLC grew its position in ViaSat by 1.5% in the first quarter. LS Investment Advisors LLC now owns 3,585 shares of the communications equipment provider’s stock worth $229,000 after acquiring an additional 52 shares in the last quarter. World Asset Management Inc grew its position in ViaSat by 1.7% in the second quarter. World Asset Management Inc now owns 3,279 shares of the communications equipment provider’s stock worth $217,000 after acquiring an additional 56 shares in the last quarter. CrestPoint Capital Management LLC grew its position in ViaSat by 0.8% in the second quarter. CrestPoint Capital Management LLC now owns 12,500 shares of the communications equipment provider’s stock worth $827,000 after acquiring an additional 100 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in ViaSat by 1.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,739 shares of the communications equipment provider’s stock worth $494,000 after acquiring an additional 113 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in ViaSat by 9.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock worth $105,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 99.42% of the company’s stock.

A number of brokerages have weighed in on VSAT. B. Riley reaffirmed a “buy” rating and issued a $89.00 target price on shares of ViaSat in a report on Sunday, June 4th. Cowen and Company raised ViaSat from a “market perform” rating to an “outperform” rating in a report on Saturday, June 3rd. Wunderlich raised ViaSat from a “sell” rating to a “hold” rating and set a $58.00 target price on the stock in a report on Friday, June 2nd. Zacks Investment Research downgraded ViaSat from a “hold” rating to a “sell” rating in a report on Friday, May 26th. Finally, BidaskClub downgraded ViaSat from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 21st. Four analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $74.82.

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)

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