Today, the EVP – Site Leasing of SBA Comms (NASDAQ: SBAC), Jason Silberstein, sold shares of SBAC for $500.1K.
Following Jason Silberstein’s last SBAC Sell transaction on May 30, 2017, the stock climbed by 19.7%. In addition to Jason Silberstein, one other SBAC executive reported Sell trades in the last month.
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Based on SBA Comms’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $458 million and quarterly net profit of $31.55 million. In comparison, last year the company earned revenue of $423 million and had a net profit of $37.6 million. SBAC’s market cap is $18.37B and the company has a P/E ratio of 194.84. Currently, SBA Comms has an average volume of 593.7K.
Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $186.71, reflecting a -14.4% downside.
The insider sentiment on SBA Comms has been positive according to 45 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Jason Silberstein’s trades have generated a -17.7% 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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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.
