ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit Sells 1,250 Shares
ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit sold 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $79.08, for a total transaction of $98,850.00. Following the completion of the transaction, the director now directly owns 2,850 shares in the company, valued at $225,378. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ VSAT traded down $1.90 during midday trading on Thursday, reaching $76.90. 533,461 shares of the stock were exchanged, compared to its average volume of 519,590. The business’s 50-day moving average is $81.42. The stock has a market capitalization of $4.83 billion, a P/E ratio of -68.05 and a beta of 0.86. ViaSat, Inc. has a 12 month low of $55.93 and a 12 month high of $97.31. The company has a quick ratio of 1.34, a current ratio of 1.83 and a debt-to-equity ratio of 0.73.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings results on Thursday, August 8th. The communications equipment provider reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.10. The company had revenue of $537.00 million for the quarter, compared to analysts’ expectations of $506.02 million. ViaSat had a negative net margin of 2.08% and a negative return on equity of 2.28%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.30) earnings per share. Equities research analysts anticipate that ViaSat, Inc. will post -0.24 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Hussman Strategic Advisors Inc. bought a new position in shares of ViaSat during the second quarter worth $2,020,000. Granite Investment Partners LLC bought a new position in shares of ViaSat during the first quarter worth $934,000. Great West Life Assurance Co. Can boosted its position in shares of ViaSat by 5.8% during the first quarter. Great West Life Assurance Co. Can now owns 34,827 shares of the communications equipment provider’s stock worth $2,696,000 after purchasing an additional 1,906 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of ViaSat by 1.8% during the first quarter. Retirement Systems of Alabama now owns 74,008 shares of the communications equipment provider’s stock worth $5,736,000 after purchasing an additional 1,311 shares in the last quarter. Finally, FMR LLC boosted its position in shares of ViaSat by 134.3% during the fourth quarter. FMR LLC now owns 63,425 shares of the communications equipment provider’s stock worth $3,739,000 after purchasing an additional 36,350 shares in the last quarter. 95.20% of the stock is currently owned by institutional investors.
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 Internet and aviation software services to commercial airlines; and mobile broadband services comprising network management and high-speed Internet connectivity services for customers using airborne, maritime, and ground mobile satellite systems.
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