Today, the Executive VP of SBA Communications Corporation (SBAC), Thomas P. Hunt, sold shares of SBAC for $13.78M.
Following Thomas P. Hunt’s last SBAC Sell transaction on January 17, 2018, the stock climbed by 11.7%. In addition to Thomas P. Hunt, 4 other SBAC executives reported Sell trades in the last month.
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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 1.34M.
Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $184.50, reflecting a 9.3% upside.
In the last 30 days, insiders have sold $22.13M worth of SBAC shares and purchased $1,811 worth of SBAC shares. The insider sentiment on SBA Communications Corporation has been negative according to 58 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
