Mark D. Dankberg Sells 100,000 Shares of ViaSat, Inc. (NASDAQ:VSAT) Stock

ViaSat, Inc. (NASDAQ:VSAT) CEO Mark D. Dankberg sold 100,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $90.69, for a total value of $9,069,000.00. Following the transaction, the chief executive officer now owns 100,000 shares in the company, valued at approximately $9,069,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

VSAT stock opened at $88.40 on Wednesday. ViaSat, Inc. has a fifty-two week low of $55.93 and a fifty-two week high of $97.31. The company has a current ratio of 1.83, a quick ratio of 1.34 and a debt-to-equity ratio of 0.73. The company has a market cap of $5.49 billion, a price-to-earnings ratio of -78.23 and a beta of 0.98.

ViaSat (NASDAQ:VSAT) last posted its earnings results on Thursday, May 23rd. The communications equipment provider reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.29. ViaSat had a negative return on equity of 3.47% and a negative net margin of 3.27%. The firm had revenue of $557.20 million for the quarter, compared to the consensus estimate of $538.73 million. During the same quarter in the prior year, the business earned ($0.34) EPS. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. On average, analysts expect that ViaSat, Inc. will post -0.1 EPS for the current year.



Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of ViaSat by 0.9% during the 1st quarter. BlackRock Inc. now owns 6,670,017 shares of the communications equipment provider’s stock worth $516,927,000 after acquiring an additional 57,296 shares during the period. Odey Asset Management Group Ltd grew its holdings in shares of ViaSat by 4.4% during the 4th quarter. Odey Asset Management Group Ltd now owns 3,153,470 shares of the communications equipment provider’s stock worth $185,897,000 after acquiring an additional 132,641 shares during the period. New South Capital Management Inc. grew its holdings in shares of ViaSat by 3.1% during the 4th quarter. New South Capital Management Inc. now owns 1,752,563 shares of the communications equipment provider’s stock worth $103,313,000 after acquiring an additional 52,177 shares during the period. Northern Trust Corp grew its holdings in shares of ViaSat by 1.8% during the 1st quarter. Northern Trust Corp now owns 858,481 shares of the communications equipment provider’s stock worth $66,532,000 after acquiring an additional 15,041 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of ViaSat by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 788,343 shares of the communications equipment provider’s stock worth $61,097,000 after acquiring an additional 33,848 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

VSAT has been the topic of a number of research analyst reports. BidaskClub upgraded ViaSat from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Barclays restated a “sell” rating and set a $66.00 price target on shares of ViaSat in a report on Wednesday, February 13th. Raymond James boosted their price target on ViaSat from $73.00 to $81.00 and gave the company a “positive” rating in a report on Friday, February 15th. ValuEngine upgraded ViaSat from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 10th. Finally, B. Riley boosted their price target on ViaSat from $89.00 to $145.00 and gave the company a “buy” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $96.99.

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About ViaSat

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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