Viasat (NASDAQ:VSAT) CFO Garrett Chase Sells 4,000 Shares

Viasat Inc. (NASDAQ:VSAT) CFO Garrett Chase sold 4,000 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $76.91, for a total value of $307,640.00. Following the completion of the transaction, the chief financial officer owned 51,534 shares in the company, valued at $3,963,479.94. This represents a 7.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Viasat Stock Down 1.7%

Shares of NASDAQ VSAT traded down $1.31 during mid-day trading on Wednesday, reaching $73.68. The company had a trading volume of 1,708,733 shares, compared to its average volume of 2,066,101. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.52 and a current ratio of 1.68. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of -307.00 and a beta of 1.70. The stock has a fifty day moving average of $75.17 and a two-hundred day moving average of $67.54. Viasat Inc. has a 12-month low of $26.10 and a 12-month high of $93.03.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VSAT shares. Morgan Stanley set a $95.00 price objective on Viasat in a report on Monday, August 10th. Zacks Research raised Viasat from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $97.00 price target on shares of Viasat in a research note on Monday, June 1st. Needham & Company LLC increased their price objective on Viasat from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, B. Riley Financial raised their price objective on shares of Viasat from $94.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.67.

Institutional Trading of Viasat

A number of institutional investors and hedge funds have recently made changes to their positions in VSAT. BlackRock Inc. bought a new position in Viasat in the 2nd quarter worth $1,863,374,000. Bank of America Corp DE bought a new stake in shares of Viasat in the second quarter valued at about $127,283,000. Tema ETFs LLC grew its position in Viasat by 229,857.1% during the second quarter. Tema ETFs LLC now owns 965,820 shares of the communications equipment provider’s stock worth $86,740,000 after buying an additional 965,400 shares in the last quarter. Tidal Investments LLC increased its stake in Viasat by 8,261.7% during the second quarter. Tidal Investments LLC now owns 976,646 shares of the communications equipment provider’s stock valued at $87,713,000 after acquiring an additional 964,966 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Viasat during the second quarter valued at about $80,124,000. Institutional investors and hedge funds own 86.05% of the company’s stock.

About Viasat

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.