ViaSat, Inc. (NASDAQ:VSAT) CEO Mark D. Dankberg sold 28,500 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $60.12, for a total transaction of $1,713,420.00. Following the sale, the chief executive officer now owns 28,500 shares in the company, valued at $1,713,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of ViaSat, Inc. (NASDAQ:VSAT) traded up 0.28% on Tuesday, hitting $60.32. 288,186 shares of the stock were exchanged. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 261.13 and a beta of 0.69. The stock’s 50-day moving average is $62.91 and its 200-day moving average is $64.90. ViaSat, Inc. has a 1-year low of $57.75 and a 1-year high of $82.19.

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

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A number of research analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $89.00 target price on shares of ViaSat in a research report on Monday, August 7th. BidaskClub downgraded shares of ViaSat from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 21st. TheStreet downgraded shares of ViaSat from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $74.00 target price on shares of ViaSat in a research report on Wednesday, May 31st. Finally, Jefferies Group LLC set a $67.00 target price on shares of ViaSat and gave the company a “hold” rating in a research report on Sunday. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. ViaSat presently has an average rating of “Hold” and a consensus target price of $74.82.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LS Investment Advisors LLC raised its holdings in shares of ViaSat by 1.5% in the first quarter. LS Investment Advisors LLC now owns 3,585 shares of the communications equipment provider’s stock valued at $229,000 after purchasing an additional 52 shares during the last quarter. World Asset Management Inc raised its holdings in shares of ViaSat by 1.7% in the second quarter. World Asset Management Inc now owns 3,279 shares of the communications equipment provider’s stock valued at $217,000 after purchasing an additional 56 shares during the last quarter. CrestPoint Capital Management LLC raised its holdings in shares of ViaSat by 0.8% in the second quarter. CrestPoint Capital Management LLC now owns 12,500 shares of the communications equipment provider’s stock valued at $827,000 after purchasing an additional 100 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of ViaSat by 1.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,739 shares of the communications equipment provider’s stock valued at $494,000 after purchasing an additional 113 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of ViaSat by 9.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,582 shares of the communications equipment provider’s stock valued at $105,000 after purchasing an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

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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