Insider Selling: ViaSat, Inc. (VSAT) Director Sells 700 Shares of Stock
ViaSat, Inc. (NASDAQ:VSAT) Director John P. Stenbit sold 700 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $65.40, for a total transaction of $45,780.00. Following the transaction, the director now owns 10,300 shares in the company, valued at $673,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
ViaSat (NASDAQ:VSAT) last issued its quarterly earnings results on Tuesday, August 8th. The communications equipment provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The firm had revenue of $380.00 million for the quarter, compared to analysts’ expectations of $384.29 million. ViaSat had a return on equity of 1.21% and a net margin of 0.82%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of VSAT. BlackRock Inc. grew its holdings in shares of ViaSat by 24,650.6% during the first quarter. BlackRock Inc. now owns 5,393,642 shares of the communications equipment provider’s stock worth $344,224,000 after buying an additional 5,371,850 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its position in shares of ViaSat by 109.3% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,148,694 shares of the communications equipment provider’s stock worth $76,044,000 after acquiring an additional 599,752 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in shares of ViaSat in the second quarter worth approximately $29,147,000. Fiduciary Management Inc. WI acquired a new stake in shares of ViaSat in the second quarter worth approximately $28,948,000. Finally, Odey Asset Management Group Ltd boosted its position in shares of ViaSat by 23.2% in the second quarter. Odey Asset Management Group Ltd now owns 2,148,954 shares of the communications equipment provider’s stock worth $142,261,000 after acquiring an additional 404,251 shares during the last quarter. Institutional investors and hedge funds own 99.59% of the company’s stock.
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.
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