The COO of ViaSat (VSAT) is Selling Shares

Today, the COO of ViaSat (NASDAQ: VSAT), Richard Baldridge, sold shares of VSAT for $2M.

Following Richard Baldridge’s last VSAT Sell transaction on August 11, 2017, the stock climbed by 2.8%. In addition to Richard Baldridge, 3 other VSAT executives reported Sell trades in the last month.

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Based on ViaSat’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $439 million and GAAP net loss of $34.01 million. In comparison, last year the company earned revenue of $380 million and had a GAAP net loss of $9.04 million. Currently, ViaSat has an average volume of 161.9K.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $69.80, reflecting a 9.8% upside.

In the last 30 days, insiders have sold $2.11M worth of VSAT shares and purchased $2.46M worth of VSAT shares. The insider sentiment on ViaSat has been positive according to 137 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 is a global communications company that believes everyone and everything in the world can be connected. For more than 30 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate.