The President Broadband Services of ViaSat (NASDAQ: VSAT) is Selling Shares

By Carrie Williams

On November 13, the President Broadband Services of ViaSat (NASDAQ: VSAT), Keven Lippert, sold shares of VSAT for $125.9K.

Following Keven Lippert’s last VSAT Sell transaction on June 13, 2016, the stock climbed by 2.1%. In addition to Keven Lippert, one other VSAT executive reported Sell trades in the last month.

Based on ViaSat’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $393 million and GAAP net loss of $13.69 million. In comparison, last year the company earned revenue of $393 million and had a net profit of $11.02 million. The company has a one-year high of $81.71 and a one-year low of $57.75. Currently, ViaSat has an average volume of 1.11M.

Four different firms, including Drexel Hamilton and Macquarie, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $71.4, reflecting a 2.1% upside.

In the last 30 days, insiders have sold $125.9K worth of VSAT shares and purchased $33.01K worth of VSAT shares. The insider sentiment on ViaSat has been positive according to 53 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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ViaSat, Inc. engages in the provision of fixed and mobile broadband services, advanced satellite and wireless networks and secure networking systems products and services. It operates through the following segments: Satellite Services, Commercial Networks, and Government Systems.