The Chief Executive Officer & Pres of SBA Communications Corporation is Exercising Options

By Carrie Williams

Today it was reported that the Chief Executive Officer & Pres of SBA Communications Corporation (SBACResearch Report), Jeffrey Stoops, exercised options to buy 802 SBAC shares at $124.59 a share, for a total transaction value of $99.92K.

Following Jeffrey Stoops’ last SBAC Buy transaction on November 13, 2018, the stock climbed by 23.6%. In addition to Jeffrey Stoops, 9 other SBAC executives reported Buy 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 $22.04B and the company has a P/E ratio of 478.22. Currently, SBA Communications Corporation has an average volume of 999.2K.

Three different firms, including Citigroup and Morgan Stanley, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $205.75, reflecting a 4.4% upside.

In the last 30 days, insiders have sold $42.7M worth of SBAC shares and purchased $2.23M worth of SBAC shares. The insider sentiment on SBA Communications Corporation has been negative according to 67 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.