Viasat Inc (VSAT) Files Form 4 Insider Selling : John P Stenbit Sells 700 Shares

Viasat Inc (VSAT): John P Stenbit , director of Viasat Inc sold 700 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $68.60 per share for a total value of $48,020.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, John P Stenbit (director) sold 700 shares at $76.73 per share price.On Mar 21, 2016, Keven K Lippert (Exec. VP and Secretary) sold 1,343 shares at $73.87 per share price.Also, On Dec 7, 2015, Ken Allen Peterman (Senior Vice President) sold 504 shares at $61.54 per share price.On Dec 1, 2015, Toro Melinda Michele Del (Vice President Human Resources) sold 2,132 shares at $61.95 per share price.

ViaSat: On Friday, Jun 3, 2016 heightened volatility was witnessed in ViaSat which led to swings in the share price. The shares opened for trading at $73.09 and hit $73.125 on the upside , eventually ending the session at $73.08, with a gain of 4.53% or 3.17 points. The heightened volatility saw the trading volume jump to 5,90,936 shares. The 52-week high of the share price is $79.15 and the company has a market cap of $3,577 M . The 52-week low of the share price is at $56.02.

ViaSat Money Flow Index Chart

Company has been under the radar of several Street Analysts.ViaSat is Reiterated by Wunderlich to Sell and the brokerage firm has raised the Price Target to $ 50 from a previous price target of $48 .The Rating was issued on May 25, 2016.ViaSat is Downgraded by Drexel Hamilton to Sell. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on May 23, 2016.

ViaSat Inc. is a technology company engaged in broadband technologies and services including satellite and wireless networking applications and secure networking systems products and services. The Company conducts its business through three segments: satellite services commercial networks and government systems. The Company conducts its business through three segments: satellite services which provides retail and wholesale satellite-based broadband services for its consumer enterprise and mobile broadband customers in the United States; commercial networks which develops and produces satellite and other wireless communication systems and ground networking equipment and products that address five market segments: consumer enterprise in-flight maritime and ground mobile applications and government systems which develops and produces network-centric Internet Protocol (IP)-based fixed and mobile secure government communications systems products services and solutions.

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