The shares were sold at an average price of $72.38, for a total value of $633,325.00. Following the transaction, the insider now directly owns 11,182 shares in the company, valued at $874,767.86. The transaction was disclosed in a filing with the SEC, which is available through this link. (NASDAQ:VSAT) traded 0.78% higher on the day. The stock had a trading volume of 947,200 shares, compared to its average volume of 440,554. The company has a market cap of $4,060.00, a P/E ratio of 1,368.00 and a beta of 0.74. The company has a quick ratio of 1.71, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.
ViaSat (NASDAQ:VSAT) last announced its quarterly earnings data on Wednesday, November 8th. The communications equipment provider reported $0.09 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.07. The business had revenue of $393.10 million for the quarter, compared to the consensus estimate of $401.83 million. ViaSat had a positive return on equity of 0.13% and a negative net margin of 0.75%. The company's revenue was down 1.5% on a year-over-year basis. As of the last earnings report the EPS was $-0.20 with 58.24M shares now outstanding.
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In other ViaSat news, insider Keven K. Lippert sold 1,200 shares of the business's stock in a transaction that occurred on Monday, November 13th. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and global copyright law. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/13/viasat-inc-vsat-shares-sold-by-california-state-teachers-retirement-system.html.
Ratings analysts have provided guidance on VSAT recently. TheStreet cut shares of ViaSat from a "b-" rating to a "c" rating in a research note on Wednesday, August 9th. Royal Bank Of Canada dropped their target price on ViaSat from $50.00 to $48.00 and set an "underperform" rating on the stock in a research report on Thursday, October 5th. Finally, Needham & Company LLC upgraded shares of ViaSat from a "hold" rating to a "buy" rating and set a $78.00 price target on the stock in a research note on Friday. Three analysts have rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. (NASDAQ:VSAT) have received a consensus rating of "Hold" from the nine research firms that are covering the firm.
Investors are more bearish on shares of Viasat Inc of late considering the change in short interest. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the company's stock valued at $120,000 after buying an additional 184 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in ViaSat by 12.9% in the third quarter. PNC Financial Services Group Inc. lifted its position in ViaSat by 9.0% during the second quarter. Finally, B. Riley Financial Inc. bought a new position in ViaSat during the second quarter valued at $203,000. LS Investment Advisors LLC now owns 2,723 shares of the company's stock valued at $194,000 after buying an additional 1,131 shares during the period. LS Investment Advisors LLC raised its position in ViaSat by 71.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,495 shares of the communications equipment provider's stock valued at $231,000 after purchasing an additional 190 shares during the period. Institutional investors own 81.72% of the company's stock.