A Director at SBA Communications Corporation is Exercising Options

By Carrie Williams

Today it was reported that a Director at SBA Communications Corporation (SBACResearch Report), Duncan Cocroft, exercised options to sell 1,643 SBAC shares at $50.35 a share, for a total transaction value of $298.8K.

Following Duncan Cocroft’s last SBAC Sell transaction on November 21, 2018, the stock climbed by 15.9%. In addition to Duncan Cocroft, 5 other SBAC executives reported Sell trades in the last month.

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Based on SBA Communications Corporation’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $484 million and quarterly net profit of $57.15 million. In comparison, last year the company earned revenue of $443 million and had a net profit of $7.66 million. SBAC’s market cap is $20.62B and the company has a P/E ratio of 447.27. Currently, SBA Communications Corporation has an average volume of 508.4K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $187.33, reflecting a 2.1% upside.

In the last 30 days, insiders have sold $27.75M worth of SBAC shares and purchased $2.13M worth of SBAC shares. The insider sentiment on SBA Communications Corporation has been negative according to 65 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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SBA Communications Corp. is a real estate investment trust, which engages in the provision of wireless communications infrastructures. It operates through the following business segments: Domestic Site Leasing, International Site Leasing, and Site Development. The Domestic Site Leasing segment includes AT&T, Sprint, T-Mobile, and Verizon Wireless.