A Director at SBA Communications Corporation (NASDAQ: SBAC) is Selling Shares

By Carrie Williams

Yesterday, a Director at SBA Communications Corporation (SBACResearch Report), Steven Bernstein, sold shares of SBAC for $5.53M.

Following Steven Bernstein’s last SBAC Sell transaction on March 05, 2018, the stock climbed by 25.6%. In addition to Steven Bernstein, 2 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 $20.5B and the company has a P/E ratio of 444.63. Currently, SBA Communications Corporation has an average volume of 399.5K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $187.33, reflecting a 2.8% upside.

The insider sentiment on SBA Communications Corporation has been negative according to 54 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Steven Bernstein’s trades have generated a 1.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.