A Director at SBA Communications Corporation is Exercising Options


Today it was reported that a Director at SBA Communications Corporation (SBAC), Kevin Beebe, exercised options to sell 10,000 SBAC shares at $28.86 a share, for a total transaction value of $1.73M.

Following Kevin Beebe’s last SBAC Sell transaction on August 13, 2014, the stock climbed by 55.7%. This is Beebe’s first transaction since reporting a Sell transaction on SWKS back in December 2016

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Based on SBA Communications Corporation’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $467 million and quarterly net profit of $16.14 million. In comparison, last year the company earned revenue of $434 million and had a net profit of $49.16 million. Currently, SBA Communications Corporation has an average volume of 1.25M.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $182.60, reflecting a 10.9% upside.

The insider sentiment on SBA Communications Corporation has been negative according to 62 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.

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