Cpp Investment Board Private H Sells 3,750,000 Shares of Viasat, Inc. (NASDAQ:VSAT) Stock

Viasat, Inc. (NASDAQ:VSAT) insider Cpp Investment Board Private H sold 3,750,000 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $9.00, for a total transaction of $33,750,000.00. Following the completion of the sale, the insider now owns 4,795,334 shares in the company, valued at approximately $43,158,006. The trade was a 43.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Viasat Trading Down 20.9 %

VSAT stock traded down $2.34 during mid-day trading on Tuesday, reaching $8.83. The company had a trading volume of 13,797,400 shares, compared to its average volume of 4,704,577. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 1.34. The company has a market capitalization of $1.13 billion, a PE ratio of -2.63 and a beta of 1.35. The firm has a 50 day moving average of $9.34 and a 200 day moving average of $11.75. Viasat, Inc. has a 12 month low of $6.69 and a 12 month high of $26.70.

Viasat (NASDAQ:VSAT) last announced its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.70). Viasat had a negative return on equity of 8.28% and a negative net margin of 9.49%. On average, equities analysts predict that Viasat, Inc. will post -2.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VSAT has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Viasat from $26.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Viasat in a research note on Monday. Barclays decreased their price target on shares of Viasat from $24.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 20th. William Blair restated a “market perform” rating on shares of Viasat in a report on Friday. Finally, Cantor Fitzgerald began coverage on shares of Viasat in a report on Friday, January 24th. They issued a “neutral” rating and a $12.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Viasat currently has an average rating of “Hold” and an average price target of $15.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VSAT. Steward Partners Investment Advisory LLC increased its stake in shares of Viasat by 75.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,950 shares of the communications equipment provider’s stock worth $25,000 after acquiring an additional 1,267 shares during the period. National Bank of Canada FI acquired a new stake in shares of Viasat in the third quarter worth $27,000. Point72 Hong Kong Ltd acquired a new stake in shares of Viasat in the third quarter worth $28,000. KBC Group NV increased its stake in shares of Viasat by 63.7% in the third quarter. KBC Group NV now owns 2,623 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 1,021 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Viasat in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 86.05% of the company’s stock.

About Viasat

Viasat, Inc provides broadband and communications products and services worldwide. The company's Satellite Services segment offers satellite-based fixed broadband services, including broadband internet access and voice over internet protocol services to consumers and businesses; in-flight entertainment and aviation software services to commercial airlines and private business jets; satellite-based connectivity services; mobile broadband services, including satellite-based internet services to energy offshore vessels, cruise ships, consumer ferries, and yachts; and energy services, which include ultra-secure solutions IP connectivity, bandwidth-optimized over-the-top applications, industrial internet-of-things big data enablement, and industry-leading machine learning analytics.