The SVP & CAO of SBA Communications (SBAC) is Selling Shares


Yesterday, the SVP & CAO of SBA Communications (SBAC), Brian Lazarus, sold shares of SBAC for $8.33M.

Following Brian Lazarus’ last SBAC Sell transaction on August 20, 2019, the stock climbed by 55.7%. In addition to Brian Lazarus, 6 other SBAC executives reported Sell trades in the last month.

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Based on SBA Communications’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $517 million and GAAP net loss of -$127,058,000. In comparison, last year the company earned revenue of $493 million and had a net profit of $25.99 million. The company has a one-year high of $317.11 and a one-year low of $205.20. Currently, SBA Communications has an average volume of 715.67K.

Based on 10 analyst ratings, the analyst consensus is Strong Buy with an average price target of $323.10, reflecting a -2.6% downside.

The insider sentiment on SBA Communications has been negative according to 51 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. The International Site Leasing segment acquires and develops towers. The Site Development segment includes consulting and construction activities. The company was founded by Steven E. Bernstein in 1989 and is headquartered in Boca Raton, FL.

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