Insider Selling: Viasat (NASDAQ:VSAT) SVP Sells $133,500.00 in Stock

Viasat Inc. (NASDAQ:VSAT) SVP Benjamin Palmer sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $66.75, for a total value of $133,500.00. Following the transaction, the senior vice president directly owned 30,087 shares of the company’s stock, valued at $2,008,307.25. This represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Benjamin Edward Palmer also recently made the following trade(s):

• On Monday, August 3rd, Benjamin Palmer sold 2,400 shares of Viasat stock. The shares were sold at an average price of $75.46, for a total value of $181,104.00.

Viasat Stock Performance

VSAT opened at $75.32 on Friday. 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 price is $76.09 and its two-hundred day moving average price is $65.11. The firm has a market capitalization of $10.38 billion, a P/E ratio of -313.83 and a beta of 1.70. Viasat Inc. has a 12-month low of $26.10 and a 12-month high of $93.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VSAT. Aberdeen Wealth Management LLC acquired a new position in shares of Viasat in the 2nd quarter valued at $30,000. Elevation Wealth Partners LLC boosted its position in shares of Viasat by 935.3% during the 2nd 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 in the last quarter. Rakuten Securities Inc. acquired a new stake in shares of Viasat during the 2nd quarter valued at about $43,000. Trust Co. of Vermont bought a new stake in Viasat in the second quarter valued at about $46,000. Finally, Valued Wealth Advisors LLC bought a new stake in Viasat in the first quarter valued at about $25,000. 86.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on VSAT shares. New Street Research initiated coverage on shares of Viasat in a research report on Wednesday, May 13th. They set a “buy” rating and a $100.00 target price on the stock. B. Riley Financial raised their price target on shares of Viasat from $94.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Morgan Stanley set a $95.00 price objective on shares of Viasat in a report on Monday, August 10th. Zacks Research raised shares of Viasat from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $97.00 target price on shares of Viasat in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $90.67.

Viasat Company Profile

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.