Viasat (NASDAQ:VSAT) Director Theresa Wise Sells 2,500 Shares

Viasat Inc. (NASDAQ:VSAT) Director Theresa Wise sold 2,500 shares of Viasat stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $69.00, for a total value of $172,500.00. Following the completion of the transaction, the director directly owned 11,000 shares of the company’s stock, valued at approximately $759,000. This trade represents a 18.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Viasat Stock Performance

VSAT stock opened at $63.94 on Wednesday. The stock has a 50-day moving average price of $65.08 and a 200-day moving average price of $49.81. Viasat Inc. has a 1-year low of $10.31 and a 1-year high of $89.79. The company has a current ratio of 2.41, a quick ratio of 2.19 and a debt-to-equity ratio of 1.35. The firm has a market cap of $8.73 billion, a PE ratio of -220.48 and a beta of 1.71.

Institutional Trading of Viasat

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BankChampaign National Association acquired a new position in Viasat during the 1st quarter valued at about $437,000. Edgestream Partners L.P. boosted its stake in Viasat by 88.4% during the 1st quarter. Edgestream Partners L.P. now owns 29,825 shares of the communications equipment provider’s stock valued at $1,366,000 after purchasing an additional 13,998 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Viasat by 11.4% during the 1st quarter. Janus Henderson Group PLC now owns 52,637 shares of the communications equipment provider’s stock valued at $2,412,000 after purchasing an additional 5,400 shares during the last quarter. South Dakota Investment Council boosted its stake in Viasat by 92.6% during the 1st quarter. South Dakota Investment Council now owns 336,056 shares of the communications equipment provider’s stock valued at $15,391,000 after purchasing an additional 161,552 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Viasat by 78.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,026 shares of the communications equipment provider’s stock valued at $184,000 after purchasing an additional 1,766 shares during the last quarter. 86.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VSAT shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $97.00 target price on shares of Viasat in a research report on Monday, June 1st. New Street Research started coverage on Viasat in a research report on Wednesday, May 13th. They issued a “buy” rating and a $100.00 target price for the company. Raymond James Financial set a $74.00 target price on Viasat and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Needham & Company LLC boosted their target price on Viasat from $58.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.13.

Viasat Company Profile

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.