Yesterday it was reported that the SVP & CAO of SBA Communications Corporation (SBAC), Brian Lazarus, exercised options to sell 20,676 SBAC shares at $124.59 a share, for a total transaction value of $5.4M.
Following Brian Lazarus’ last SBAC Sell transaction on March 15, 2019, the stock climbed by 69.1%. In addition to Brian Lazarus, 3 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 June 30, the company posted quarterly revenue of $500 million and quarterly net profit of $31.97 million. In comparison, last year the company earned revenue of $456 million and had a GAAP net loss of $57.39 million. The company has a one-year high of $263.04 and a one-year low of $146.13. Currently, SBA Communications Corporation has an average volume of 642.45K.
The insider sentiment on SBA Communications Corporation has been negative according to 66 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Brian Lazarus’ trades have generated a -20.5% 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.
