ViaSat Director Sells $175,024 in Stock (VSAT)
ViaSat (NASDAQ:VSAT) Director John P. Stenbit unloaded 2,950 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $59.33, for a total transaction of $175,023.50. Following the transaction, the director now directly owns 3,200 shares in the company, valued at approximately $189,856. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
ViaSat (NASDAQ:VSAT) traded down 1.09% on Wednesday, hitting $57.36. The stock had a trading volume of 106,270 shares. ViaSat has a one year low of $38.76 and a one year high of $73.43. The stock’s 50-day moving average is $61.92 and its 200-day moving average is $63.9. The company’s market cap is $2.615 billion.
A number of research firms have recently commented on VSAT. Analysts at Thomson Reuters/Verus downgraded shares of ViaSat from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 30th. Analysts at Oppenheimer cut their price target on shares of ViaSat from $79.00 to $72.00 in a research note to investors on Tuesday, November 12th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $68.10.
ViaSat, Inc, is a provider of high-speed fixed and mobile broadband services, advanced satellite and wireless networks and secure networking systems, products and services.
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