ViaSat, Inc. (NASDAQ:VSAT) Director Jeffrey M. Nash sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $64.94, for a total value of $129,880.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of ViaSat, Inc. (VSAT) traded down 0.15% during trading on Tuesday, reaching $64.85. The company had a trading volume of 192,723 shares. The firm has a market capitalization of $3.76 billion, a P/E ratio of 280.74 and a beta of 0.71. The firm’s 50 day moving average price is $63.14 and its 200 day moving average price is $64.55. ViaSat, Inc. has a 12 month low of $57.75 and a 12 month high of $82.19.

ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $384.29 million. During the same period in the prior year, the company earned $0.23 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that ViaSat, Inc. will post $0.05 EPS for the current year.

WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/17/viasat-inc-vsat-director-sells-129880-00-in-stock.html.

Several institutional investors have recently modified their holdings of VSAT. UBS Asset Management Americas Inc. lifted its stake in shares of ViaSat by 25.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 28,696 shares of the communications equipment provider’s stock worth $1,831,000 after purchasing an additional 5,878 shares during the period. Karp Capital Management Corp purchased a new position in shares of ViaSat during the 1st quarter worth $252,000. Ameriprise Financial Inc. lifted its stake in shares of ViaSat by 6.7% during the 1st quarter. Ameriprise Financial Inc. now owns 149,084 shares of the communications equipment provider’s stock worth $9,515,000 after purchasing an additional 9,337 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of ViaSat by 44.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 25,190 shares of the communications equipment provider’s stock worth $1,608,000 after purchasing an additional 7,758 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of ViaSat by 8.5% during the 1st quarter. Prudential Financial Inc. now owns 35,113 shares of the communications equipment provider’s stock worth $2,241,000 after purchasing an additional 2,740 shares during the period. 99.42% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on VSAT shares. B. Riley reiterated a “buy” rating and set a $89.00 price objective on shares of ViaSat in a research report on Sunday, August 13th. TheStreet downgraded ViaSat from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Barclays PLC reiterated an “equal weight” rating and set a $80.00 price objective (down previously from $82.00) on shares of ViaSat in a research report on Monday, July 10th. Jefferies Group LLC set a $67.00 price objective on ViaSat and gave the stock a “hold” rating in a research report on Sunday, September 10th. Finally, Royal Bank Of Canada set a $50.00 price objective on ViaSat and gave the stock a “sell” rating in a research report on Tuesday, August 15th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $73.70.

ViaSat Company Profile

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)

Receive News & Ratings for ViaSat Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ViaSat Inc. and related companies with MarketBeat.com's FREE daily email newsletter.