Today, the EVP of ViaSat (VSAT), Keven Lippert, bought shares of VSAT for $1.22M.
This recent transaction increases Keven Lippert’s holding in the company by 546% to a total of $123.7K. This is Lippert’s first Buy trade following 7 Sell transactions.
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Based on ViaSat’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $555 million and GAAP net loss of $10.4 million. In comparison, last year the company earned revenue of $385 million and had a GAAP net loss of $24.63 million. Currently, ViaSat has an average volume of 576.2K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $74.00, reflecting a -0.8% downside.
In the last 30 days, insiders have sold $9.62M worth of VSAT shares and purchased $1.22M worth of VSAT shares. The insider sentiment on ViaSat has been negative according to 134 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Keven Lippert’s trades have generated a -6.4% 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 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.
