Viasat, Inc. (NASDAQ:VSAT) Insider Cpp Investment Board Private H Sells 3,750,000 Shares

Viasat, Inc. (NASDAQ:VSAT) insider Cpp Investment Board Private H sold 3,750,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $9.00, for a total value of $33,750,000.00. Following the completion of the sale, the insider now owns 4,795,334 shares in the company, valued at approximately $43,158,006. This trade represents a 43.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Viasat Stock Performance

VSAT opened at $8.83 on Wednesday. The firm has a market cap of $1.13 billion, a P/E ratio of -2.63 and a beta of 1.35. Viasat, Inc. has a 52-week low of $6.69 and a 52-week high of $26.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.34 and a current ratio of 1.44. The business’s fifty day moving average is $9.34 and its 200-day moving average is $11.75.

Viasat (NASDAQ:VSAT) last released its earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.28% and a negative net margin of 9.49%. Sell-side analysts expect that Viasat, Inc. will post -2.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VSAT shares. Cantor Fitzgerald started coverage on Viasat in a report on Friday, January 24th. They issued a “neutral” rating and a $12.00 price objective on the stock. Barclays decreased their price objective on Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Viasat in a report on Monday. William Blair reaffirmed a “market perform” rating on shares of Viasat in a report on Friday, February 7th. Finally, Morgan Stanley decreased their price objective on Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Viasat presently has a consensus rating of “Hold” and an average target price of $15.43.

Institutional Trading of Viasat

Several large investors have recently modified their holdings of VSAT. Disciplined Growth Investors Inc. MN boosted its stake in Viasat by 28.1% in the third quarter. Disciplined Growth Investors Inc. MN now owns 4,419,223 shares of the communications equipment provider’s stock valued at $52,766,000 after buying an additional 969,942 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Viasat by 23.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,887,537 shares of the communications equipment provider’s stock valued at $16,063,000 after buying an additional 364,072 shares in the last quarter. South Dakota Investment Council boosted its stake in Viasat by 98.5% in the fourth quarter. South Dakota Investment Council now owns 675,378 shares of the communications equipment provider’s stock valued at $5,747,000 after buying an additional 335,082 shares in the last quarter. State Street Corp boosted its stake in Viasat by 6.6% in the third quarter. State Street Corp now owns 4,445,811 shares of the communications equipment provider’s stock valued at $53,083,000 after buying an additional 276,376 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Viasat by 26.4% in the fourth quarter. American Century Companies Inc. now owns 1,229,116 shares of the communications equipment provider’s stock valued at $10,460,000 after buying an additional 256,389 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Viasat Company Profile

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.