Rep. Jonathan L. Jackson Sells Shares of Viasat Inc. (NASDAQ:VSAT)

Key Points

• Rep. Jonathan L. Jackson sold $50,001–$100,000 of Viasat shares on September 28 from a Morgan Stanley trust account. He also previously sold a smaller Viasat position on August 28 and traded shares of Estee Lauder, Walmart, Guardant Health and Datadog.
• Viasat reported quarterly EPS of $0.17, beating estimates of $0.10, while revenue of $1.16 billion missed expectations and declined 1.2% year over year. The company posted a negative net margin and analysts expect a full-year loss.
• Wall Street’s consensus view remains “Moderate Buy,” with a $90.67 target price, despite mixed ratings. Institutional investors own 86.05% of the stock, while company insiders have sold $20.2 million worth of shares over the past quarter.

Representative Jonathan L. Jackson (Democratic-Illinois) recently sold shares of Viasat Inc. NASDAQ: VSAT. In a filing disclosed on October 19th, the Representative disclosed that they had sold between $50,001 and $100,000 in Viasat stock on September 28th. The trade occurred in the Representative's "MORGAN STANLEY TRUST ACCOUNT" account.

Representative Jonathan L. Jackson also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Estee Lauder Companies NYSE: EL on 9/28/2026.
• Sold $50,001 - $100,000 in shares of Walmart NASDAQ: WMT on 9/28/2026.
• Purchased $15,001 - $50,000 in shares of Guardant Health NASDAQ: GH on 9/28/2026.
• Purchased $50,001 - $100,000 in shares of Datadog NASDAQ: DDOG on 9/28/2026.
• Sold $1,001 - $15,000 in shares of Tortoise Energy Infrastructure NYSE: TYG on 9/4/2026.
• Sold $1,001 - $15,000 in shares of Viasat NASDAQ: VSAT on 8/28/2026.

Viasat Stock Performance

Viasat stock opened at $60.17 on Wednesday. Viasat Inc. has a fifty-two week low of $29.13 and a fifty-two week high of $93.03. The firm's 50 day simple moving average is $71.93 and its 200-day simple moving average is $70.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.68 and a quick ratio of 1.52. The company has a market cap of $8.29 billion, a P/E ratio of -250.71 and a beta of 1.76.

Viasat (NASDAQ:VSAT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The communications equipment provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.20 billion. Viasat had a negative net margin of 0.64% and a positive return on equity of 1.44%. The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, equities research analysts predict that Viasat Inc. will post -0.38 EPS for the current year.

Hedge Funds Weigh In On Viasat

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Viasat during the second quarter valued at approximately $1,863,374,000. Dimensional Fund Advisors LP lifted its stake in Viasat by 18.2% in the first quarter. Dimensional Fund Advisors LP now owns 4,789,539 shares of the communications equipment provider's stock valued at $219,346,000 after acquiring an additional 738,656 shares during the last quarter. Van ECK Associates Corp lifted its stake in Viasat by 53.1% in the second quarter. Van ECK Associates Corp now owns 2,243,040 shares of the communications equipment provider's stock valued at $201,447,000 after acquiring an additional 777,761 shares during the last quarter. Bank of America Corp DE bought a new stake in Viasat in the second quarter worth approximately $127,283,000. Finally, Tidal Investments LLC grew its position in Viasat by 8,261.7% in the second quarter. Tidal Investments LLC now owns 976,646 shares of the communications equipment provider's stock worth $87,713,000 after acquiring an additional 964,966 shares in the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VSAT has been the subject of several research analyst reports. Wall Street Zen downgraded Viasat from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Oppenheimer assumed coverage on Viasat in a research note on Monday, June 29th. They set an "outperform" rating and a $140.00 target price on the stock. Zacks Research upgraded Viasat from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 29th. Morgan Stanley set a $95.00 price target on shares of Viasat in a research report on Monday, August 10th. Finally, Needham & Company LLC raised their price target on shares of Viasat from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Viasat presently has a consensus rating of "Moderate Buy" and a consensus target price of $90.67.

Insider Activity at Viasat

In related news, Director Theresa Wise sold 2,500 shares of Viasat stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $84.69, for a total value of $211,725.00. Following the completion of the sale, the director owned 11,000 shares of the company's stock, valued at approximately $931,590. The trade was a 18.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Garrett L. Chase sold 4,000 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $76.91, for a total transaction of $307,640.00. Following the transaction, the chief financial officer directly owned 51,534 shares in the company, valued at $3,963,479.94. The trade was a 7.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 253,656 shares of company stock worth $20,240,465 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.

About Representative Jackson

Jonathan Jackson (Democratic Party) is a member of the U.S. House, representing Illinois' 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Jackson (Democratic Party) is running for re-election to the U.S. House to represent Illinois' 1st Congressional District. He declared candidacy for the 2026 election. Jonathan Jackson was born in Chicago, Illinois. Jackson graduated from Whitney Young High School. He earned an M.B.A. from Northwestern University. Jackson's career experience includes working as an investment analyst and an entrepreneur.

About Viasat

Viasat, Inc is a communications technology company that provides satellite-based connectivity and related services to commercial, government and consumer customers. The company's offerings include high-speed broadband, satellite communications, network services and connectivity solutions designed for locations where terrestrial networks may be limited or unavailable.

Viasat serves the aviation, maritime, residential broadband, enterprise and government markets. Its services support in-flight internet for commercial and business aircraft, connectivity for ships and offshore operations, broadband access for homes and communities, and secure communications for government and defense customers.

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