Today, the President Broadband Systems of ViaSat (NASDAQ: VSAT), Kevin Harkenrider, bought shares of VSAT for $331.6K.
Following this transaction Kevin Harkenrider’s holding in the company was increased by 137.42% to a total of $765K. In addition to Kevin Harkenrider, 6 other VSAT executives reported Buy trades in the last month.
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Based on ViaSat’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $440 million and GAAP net loss of $19.95 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 102K.
Six different firms, including B.Riley FBR and Needham, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $72.67, reflecting a -5.3% downside.
In the last 30 days, insiders have sold $1.3M worth of VSAT shares and purchased $549.4K worth of VSAT shares. The insider sentiment on ViaSat has been negative according to 143 insider trades in the past three months. This sentiment is slightly lower 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.
