Viasat (NASDAQ:VSAT) SVP Robert James Blair Sells 30,411 Shares of Stock

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

Viasat Stock Performance

Shares of VSAT opened at $48.59 on Thursday. The company has a quick ratio of 1.90, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. Viasat Inc. has a 52-week low of $7.36 and a 52-week high of $51.00. The company has a 50-day simple moving average of $45.04 and a 200-day simple moving average of $38.03. The company has a market capitalization of $6.60 billion, a PE ratio of -18.76 and a beta of 1.44.

Institutional Trading of Viasat

Hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC acquired a new position in shares of Viasat during the 3rd quarter valued at about $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Viasat in the third quarter worth approximately $28,000. Hantz Financial Services Inc. boosted its position in shares of Viasat by 6,815.4% in the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 886 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Viasat in the fourth quarter valued at approximately $36,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Viasat in the fourth quarter valued at approximately $38,000. 86.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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