The EVP Operations of SBA Communications Corporation is Exercising Options


Today it was reported that the EVP Operations of SBA Communications Corporation (SBAC), Mark Ciarfella, exercised options to sell 8,377 SBAC shares at $115.17 a share, for a total transaction value of $1.43M.

Following Mark Ciarfella’s last SBAC Sell transaction on June 22, 2018, the stock climbed by 10.4%. In addition to Mark Ciarfella, 3 other SBAC executives reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

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 1.23M.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $182.67, reflecting a 5.9% upside.

In the last 30 days, insiders have sold $8.34M worth of SBAC shares and purchased $1,811 worth of SBAC shares. The insider sentiment on SBA Communications Corporation has been negative according to 57 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Mark Ciarfella’s trades have generated a -19.1% 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts