Viasat Inc (VSAT) Files Form 4 Insider Selling : Keven K Lippert Sells 8,750 Shares

Viasat Inc (VSAT): Keven K Lippert , Exec. VP and Secretary of Viasat Inc sold 8,750 shares on Jun 9, 2016. The Insider selling transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were sold at $73.81 per share for a total value of $645,837.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 13, 2016, Keven K Lippert (Exec. VP and Secretary) sold 8,750 shares at $73.81 per share price.On Jun 3, 2016, John P Stenbit (director) sold 700 shares at $68.60 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.

Shares of ViaSat (VSAT) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -1.63 points or -2.20% at $72.46 with 2,46,022 shares getting traded. Post opening the session at $73.39, the shares hit an intraday low of $72.1142 and an intraday high of $74.11 and the price vacillated in this range throughout the day. The company has a market cap of $3,547 M and the number of outstanding shares has been calculated to be 4,89,44,963 shares. The 52-week high of ViaSat is $79.15 and the 52-week low is $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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