ViaSat, Inc. (VSAT) CEO Mark D. Dankberg Sells 28,500 Shares

ViaSat, Inc. (NASDAQ:VSAT) CEO Mark D. Dankberg sold 28,500 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $60.12, for a total transaction of $1,713,420.00. Following the transaction, the chief executive officer now directly owns 28,500 shares in the company, valued at approximately $1,713,420. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of ViaSat, Inc. (VSAT) opened at 60.32 on Wednesday. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 261.13 and a beta of 0.69. ViaSat, Inc. has a one year low of $57.75 and a one year high of $82.19. The firm has a 50-day moving average of $62.91 and a 200-day moving average of $64.90.

ViaSat (NASDAQ:VSAT) last posted its quarterly earnings data on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). ViaSat had a net margin of 0.82% and a return on equity of 1.21%. The firm had revenue of $380.00 million for the quarter, compared to the consensus estimate of $384.29 million. During the same quarter last year, the firm earned $0.23 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that ViaSat, Inc. will post $0.05 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of VSAT. Capstone Asset Management Co. increased its position in ViaSat by 16.4% during the first quarter. Capstone Asset Management Co. now owns 3,766 shares of the communications equipment provider’s stock valued at $240,000 after acquiring an additional 530 shares during the last quarter. Nationwide Fund Advisors increased its position in ViaSat by 1.5% during the first quarter. Nationwide Fund Advisors now owns 118,370 shares of the communications equipment provider’s stock valued at $7,554,000 after acquiring an additional 1,733 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in ViaSat by 20.5% during the first quarter. Glen Harbor Capital Management LLC now owns 2,200 shares of the communications equipment provider’s stock valued at $140,000 after acquiring an additional 374 shares during the last quarter. Russell Investments Group Ltd. increased its position in ViaSat by 20.2% during the first quarter. Russell Investments Group Ltd. now owns 90,673 shares of the communications equipment provider’s stock valued at $5,787,000 after acquiring an additional 15,258 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in ViaSat by 1.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 18,039 shares of the communications equipment provider’s stock valued at $1,151,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 99.42% of the company’s stock.

Several equities analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $89.00 target price on shares of ViaSat in a report on Sunday, August 13th. TheStreet lowered shares of ViaSat from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Jefferies Group LLC set a $67.00 target price on shares of ViaSat and gave the company a “hold” rating in a report on Sunday. Zacks Investment Research lowered shares of ViaSat from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, Royal Bank Of Canada set a $50.00 target price on shares of ViaSat and gave the company a “sell” rating in a report on Tuesday, August 15th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $74.82.

About ViaSat

ViaSat, Inc is engaged in broadband technologies and services. The Company operates through three segments: satellite services, commercial networks and government systems. The satellite services segment provides satellite-based broadband services to consumers, enterprises, commercial airlines and mobile broadband customers primarily in the United States.

Insider Buying and Selling by Quarter for ViaSat (NASDAQ:VSAT)

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