Viasat Inc. $VSAT Stake Raised by Hussman Strategic Advisors Inc.

Key Points

• Hussman Strategic Advisors doubled its stake in Viasat in Q4, adding 42,000 shares to hold 84,000 shares worth about $2.895 million (roughly 0.06% of the company).
• Significant insider selling has occurred recently: two SVPs sold a combined ~35,671 shares (notably 5,260 at $50 and 30,411 at $47.04), and insiders have sold 38,071 shares worth ~$1.8 million in the last 90 days.
• Viasat trades around $65 with a market cap of about $8.85 billion, and analysts are mixed but leaning positive—MarketBeat shows an average rating of "Moderate Buy" and an average target price of $60.57.

Hussman Strategic Advisors Inc. boosted its holdings in Viasat Inc. (NASDAQ:VSAT - Free Report) by 100.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,000 shares of the communications equipment provider's stock after acquiring an additional 42,000 shares during the quarter. Hussman Strategic Advisors Inc. owned about 0.06% of Viasat worth $2,895,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VSAT. Quent Capital LLC bought a new stake in Viasat in the third quarter worth about $25,000. Hantz Financial Services Inc. raised its position in Viasat by 6,815.4% in the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider's stock worth $26,000 after acquiring an additional 886 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in Viasat in the third quarter worth about $28,000. Activest Wealth Management bought a new stake in Viasat in the third quarter worth about $44,000. Finally, Danske Bank A S bought a new stake in Viasat in the fourth quarter worth about $47,000. 86.05% of the stock is currently owned by institutional investors.

Viasat Trading Down 1.2%

Shares of VSAT opened at $65.12 on Friday. The business's 50-day moving average price is $51.94 and its 200 day moving average price is $43.27. The stock has a market capitalization of $8.85 billion, a P/E ratio of -25.14 and a beta of 1.66. Viasat Inc. has a 1-year low of $8.61 and a 1-year high of $66.75. The company has a current ratio of 2.13, a quick ratio of 1.90 and a debt-to-equity ratio of 1.35.

Insider Buying and Selling at Viasat

In other Viasat news, SVP Craig Andrew Miller sold 5,260 shares of Viasat stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $50.00, for a total transaction of $263,000.00. Following the transaction, the senior vice president owned 21,252 shares of the company's stock, valued at $1,062,600. The trade was a 19.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert James Blair sold 30,411 shares of Viasat stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $47.04, for a total value of $1,430,533.44. Following the transaction, the senior vice president directly owned 38,108 shares in the company, valued at approximately $1,792,600.32. This trade represents a 44.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,071 shares of company stock valued at $1,804,437 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. William Blair reiterated an "outperform" rating on shares of Viasat in a research report on Tuesday, January 13th. Barclays raised Viasat from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $23.00 to $49.00 in a research note on Wednesday, April 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of Viasat in a research note on Monday, April 20th. Raymond James Financial set a $74.00 price target on Viasat and gave the stock an "outperform" rating in a research note on Friday, April 24th. Finally, Morgan Stanley set a $51.00 price target on Viasat in a research note on Friday, January 16th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $60.57.

Viasat Profile

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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