Yesterday, the CEO of ViaSat (VSAT), Mark Dankberg, bought shares of VSAT for $6.09M.
This recent transaction increases Mark Dankberg’s holding in the company by 5347.59% to a total of $135 million. Following Mark Dankberg’s last VSAT Buy transaction on September 29, 2017, the stock climbed by 24.1%.
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Based on ViaSat’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $557 million and quarterly net profit of $2.52 million. In comparison, last year the company earned revenue of $440 million and had a GAAP net loss of $19.95 million. Currently, ViaSat has an average volume of 755.8K.
Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $100.75, reflecting a 14.0% upside.
In the last 30 days, insiders have sold $28.16M worth of VSAT shares and purchased $11.49M worth of VSAT shares. The insider sentiment on ViaSat has been negative according to 108 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Mark Dankberg’s trades have generated a -12.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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ViaSat, Inc. provides communications technologies and services. It operates through following segments: Satellite Services, Commercial Networks and Government Systems.
