Investors Buy High Volume of Viasat Call Options (NASDAQ:VSAT)

by · The Markets Daily

Viasat Inc. (NASDAQ:VSATGet Free Report) was the target of unusually large options trading activity on Tuesday. Traders bought 41,084 call options on the stock. This is an increase of approximately 954% compared to the typical daily volume of 3,899 call options.

Wall Street Analysts Forecast Growth

VSAT has been the subject of several research analyst reports. Morgan Stanley set a $51.00 target price on Viasat in a research report on Friday, January 16th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Viasat in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft raised Viasat from a “hold” rating to a “buy” rating and upped their target price for the company from $36.00 to $48.00 in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Viasat in a research note on Wednesday, January 21st. Finally, William Blair restated an “outperform” rating on shares of Viasat in a research note on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.86.

View Our Latest Stock Analysis on Viasat

Insider Buying and Selling at Viasat

In related news, CEO Mark D. Dankberg sold 100,000 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $40.34, for a total transaction of $4,034,000.00. Following the sale, the chief executive officer directly owned 1,434,993 shares of the company’s stock, valued at $57,887,617.62. This trade represents a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Benjamin Edward Palmer sold 2,400 shares of Viasat stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.21, for a total transaction of $110,904.00. Following the completion of the sale, the senior vice president directly owned 25,431 shares of the company’s stock, valued at approximately $1,175,166.51. This trade represents a 8.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 105,210 shares of company stock worth $4,279,784. 2.20% of the stock is owned by insiders.

Institutional Trading of Viasat

Several hedge funds have recently modified their holdings of VSAT. GAMMA Investing LLC increased its position in shares of Viasat by 15.9% during the third quarter. GAMMA Investing LLC now owns 2,387 shares of the communications equipment provider’s stock worth $70,000 after purchasing an additional 327 shares in the last quarter. Vise Technologies Inc. increased its position in Viasat by 4.8% during the 4th quarter. Vise Technologies Inc. now owns 7,446 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 342 shares in the last quarter. CWM LLC lifted its holdings in Viasat by 1.8% in the 4th quarter. CWM LLC now owns 19,360 shares of the communications equipment provider’s stock worth $667,000 after buying an additional 349 shares in the last quarter. State of Tennessee Department of Treasury raised its stake in Viasat by 0.8% during the fourth quarter. State of Tennessee Department of Treasury now owns 46,952 shares of the communications equipment provider’s stock valued at $1,618,000 after buying an additional 350 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Viasat by 1.9% during the third quarter. Victory Capital Management Inc. now owns 19,145 shares of the communications equipment provider’s stock valued at $561,000 after purchasing an additional 361 shares during the last quarter. 86.05% of the stock is currently owned by institutional investors and hedge funds.

Viasat Stock Performance

NASDAQ:VSAT traded up $2.05 during mid-day trading on Tuesday, hitting $49.58. The company’s stock had a trading volume of 751,805 shares, compared to its average volume of 1,684,566. Viasat has a 1 year low of $7.36 and a 1 year high of $50.24. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of -19.12 and a beta of 1.44. The business’s fifty day moving average is $44.68 and its two-hundred day moving average is $37.83. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.13 and a quick ratio of 1.90.

Viasat Company Profile

(Get Free Report)

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.

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