Insider Selling: Viasat (NASDAQ:VSAT) SVP Sells $1,430,533.44 in Stock

Viasat Inc. (NASDAQ:VSAT) SVP Robert James Blair sold 30,411 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $47.04, for a total value of $1,430,533.44. Following the sale, the senior vice president directly owned 38,108 shares of the company’s stock, valued at approximately $1,792,600.32. The trade was a 44.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Viasat Stock Performance

Shares of VSAT opened at $46.39 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.90 and a current ratio of 2.13. Viasat Inc. has a twelve month low of $7.36 and a twelve month high of $52.70. The firm’s 50 day moving average price is $45.42 and its two-hundred day moving average price is $38.22. The firm has a market cap of $6.30 billion, a P/E ratio of -17.91 and a beta of 1.44.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Edgestream Partners L.P. bought a new stake in Viasat in the second quarter valued at approximately $1,099,000. Brightline Capital Management LLC boosted its stake in shares of Viasat by 1.8% during the 3rd quarter. Brightline Capital Management LLC now owns 2,036,000 shares of the communications equipment provider’s stock worth $59,655,000 after acquiring an additional 36,000 shares during the period. Quantbot Technologies LP acquired a new position in shares of Viasat during the 2nd quarter worth approximately $3,066,000. Neuberger Berman Group LLC increased its holdings in shares of Viasat by 6.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,541,636 shares of the communications equipment provider’s stock worth $80,908,000 after acquiring an additional 351,404 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Viasat in the 3rd quarter valued at $4,230,000. 86.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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