Viasat (NASDAQ:VSAT) SVP Craig Andrew Miller Sells 5,260 Shares

Viasat Inc. (NASDAQ:VSAT) SVP Craig Andrew Miller sold 5,260 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $50.00, for a total value of $263,000.00. Following the transaction, the senior vice president owned 21,252 shares of the company’s stock, valued at approximately $1,062,600. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Viasat Stock Down 3.2%

Shares of NASDAQ:VSAT traded down $1.59 during midday trading on Wednesday, reaching $48.59. The company had a trading volume of 1,544,739 shares, compared to its average volume of 1,699,427. The stock has a market capitalization of $6.60 billion, a P/E ratio of -18.76 and a beta of 1.44. The stock’s fifty day moving average price is $44.82 and its 200-day moving average price is $37.95. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.90. Viasat Inc. has a one year low of $7.36 and a one year high of $51.00.

Institutional Trading of Viasat

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quent Capital LLC acquired a new position in Viasat during the 3rd quarter valued at approximately $25,000. Salomon & Ludwin LLC acquired a new stake in Viasat in the third quarter worth $28,000. Hantz Financial Services Inc. lifted its stake in Viasat by 6,815.4% in the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Viasat during the fourth quarter valued at $36,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Viasat in the 4th quarter worth about $38,000. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VSAT has been the topic of a number of recent analyst reports. Morgan Stanley set a $51.00 target price on shares of Viasat in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $48.00 in a report on Friday, February 6th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Viasat in a research report on Wednesday, January 21st. William Blair reiterated an “outperform” rating on shares of Viasat in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research report on Wednesday, January 21st. Six equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.86.

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.