Insider Selling: Viasat (NASDAQ:VSAT) CFO Sells $307,640.00 in Stock

Viasat Inc. (NASDAQ:VSAT) CFO Garrett Chase sold 4,000 shares of the company’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $76.91, for a total transaction of $307,640.00. Following the transaction, the chief financial officer owned 51,534 shares in the company, valued at approximately $3,963,479.94. The trade was a 7.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Viasat Stock Down 0.9%

VSAT stock opened at $73.02 on Friday. Viasat Inc. has a twelve month low of $26.10 and a twelve month high of $93.03. 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 stock’s 50 day moving average is $75.37 and its 200-day moving average is $67.99. The firm has a market capitalization of $10.06 billion, a PE ratio of -304.25 and a beta of 1.70.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VSAT shares. B. Riley Financial increased their price objective on Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 29th. Zacks Research upgraded Viasat from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Needham & Company LLC upped their price target on Viasat from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $95.00 price target on Viasat in a research note on Monday, August 10th. Finally, Barclays set a $49.00 price objective on Viasat in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.67.

Hedge Funds Weigh In On Viasat

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VSAT. Valued Wealth Advisors LLC bought a new stake in Viasat in the 1st quarter worth approximately $25,000. Aberdeen Wealth Management LLC purchased a new stake in Viasat in the second quarter worth approximately $30,000. Elevation Wealth Partners LLC grew its position in Viasat by 935.3% during the second quarter. Elevation Wealth Partners LLC now owns 352 shares of the communications equipment provider’s stock valued at $32,000 after acquiring an additional 318 shares during the last quarter. Bullseye Investment Management LLC bought a new position in Viasat during the second quarter valued at approximately $37,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Viasat during the second quarter worth approximately $43,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Viasat Company Profile

Viasat, Inc is a communications company that provides satellite-based connectivity and related services to consumers, businesses, governments and other organizations. The company develops and operates satellite networks, ground infrastructure and connectivity systems designed to deliver broadband, communications and data services in locations where terrestrial networks may be limited.

Viasat’s offerings include residential and community internet access, in-flight connectivity for commercial and business aviation, maritime communications, and connectivity solutions for government and defense customers.