ViaSat VP Sells 3,100 Shares (VSAT)
ViaSat (NASDAQ:VSAT) VP Keven K. Lippert unloaded 3,100 shares of ViaSat stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $59.03, for a total value of $182,993.00. Following the completion of the transaction, the vice president now directly owns 5,471 shares of the company’s stock, valued at approximately $322,953. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ViaSat (NASDAQ:VSAT) traded up 2.20% on Tuesday, hitting $63.282. 189,510 shares of the company’s stock traded hands. ViaSat has a one year low of $45.18 and a one year high of $73.43. The stock’s 50-day moving average is $61.05 and its 200-day moving average is $63.48. The company’s market cap is $2.917 billion.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.09 by $0.06. The company had revenue of $332.60 million for the quarter, compared to the consensus estimate of $348.89 million. During the same quarter last year, the company posted $0.04 earnings per share. ViaSat’s revenue was up 16.1% compared to the same quarter last year. Analysts expect that ViaSat will post $0.47 EPS for the current fiscal year.
Separately, analysts at Needham & Company cut their price target on shares of ViaSat from $75.00 to $62.00 in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. ViaSat currently has an average rating of “Hold” and an average price target of $69.80.
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.