Viasat (NASDAQ:VSAT) SVP Benjamin Edward Palmer Sells 2,000 Shares

Viasat Inc. (NASDAQ:VSAT) SVP Benjamin Palmer sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $66.75, for a total value of $133,500.00. Following the transaction, the senior vice president directly owned 30,087 shares in the company, valued at $2,008,307.25. This represents a 6.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Benjamin Edward Palmer also recently made the following trade(s):

• On Monday, August 3rd, Benjamin Palmer sold 2,400 shares of Viasat stock. The stock was sold at an average price of $75.46, for a total value of $181,104.00.

Viasat Price Performance

NASDAQ VSAT opened at $71.72 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.68 and a debt-to-equity ratio of 1.23. The company has a market cap of $9.88 billion, a PE ratio of -298.83 and a beta of 1.70. Viasat Inc. has a 52 week low of $26.10 and a 52 week high of $93.03. The firm’s 50-day simple moving average is $75.82 and its two-hundred day simple moving average is $65.03.

Hedge Funds Weigh In On Viasat

A number of hedge funds and other institutional investors have recently bought and sold shares of VSAT. Aberdeen Wealth Management LLC purchased a new stake in shares of Viasat during the 2nd quarter valued at $30,000. Elevation Wealth Partners LLC grew its position in Viasat by 935.3% in the second quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock worth $32,000 after acquiring an additional 318 shares in the last quarter. Rakuten Securities Inc. bought a new position in Viasat in the second quarter valued at $43,000. Trust Co. of Vermont bought a new position in Viasat in the second quarter valued at $46,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Viasat during the first quarter valued at about $25,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on VSAT shares. New Street Research initiated coverage on shares of Viasat in a research report on Wednesday, May 13th. They set a “buy” rating and a $100.00 price target for the company. B. Riley Financial increased their price objective on Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Viasat in a research note on Friday, July 17th. Morgan Stanley set a $95.00 target price on Viasat in a research report on Monday, August 10th. Finally, Oppenheimer started coverage on Viasat in a research note on Monday, June 29th. They issued an “outperform” rating and a $140.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.67.

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.