Richard Baldridge Insider Sell
Richard Baldridge, an insider of Viasat Inc, currently Chief Operating Officer a few days ago disclosed a sale with the (SEC). As revealed in the public report, Richard Baldridge made a sale of 8,140 shares of the -listed Viasat Inc, priced at $65.0 per share. $529,323 USD was the sale’s value. The SEC document’s date was September 30, 2015. Richard Baldridge presently has 135,427 shares which are exactly 0.28% of the California-Company’s market cap.
Viasat Inc Sentiment and Fundamentals
Eight analysts following the developments of Viasat Inc stated, that the computer and electronic product manufacturing’s company’s EPS is expected at $1.54. This would mean a price to earnings ratio of 41.88. These expert analysts also see an earnings for each share growth rate YOY of 25.00%. It is difficult to make conclusions about Viasat Inc’s future just from Richard Baldridge’s sale because in this filing, the insider also revealed option transactions. In the form, it was reported that Richard exercised options for 8,140 shares with average price 29.5, worth 239,723.
Viasat Inc’s stock price rose by 1.84% in the last 150 days and is still going upwards. We rate the stock “NEUTRAL”, because our proprietary time momentum model doesn’t agree with Richard Baldridge’s transaction.
Institutional Ownership
According to SEC 13F filings for Q2 2015, 132 institutional investors and hedge funds owned shares of Viasat Inc. In Q2 2015, the company had 87.72% institutional ownership. That is a high interest. Its up 1.26% from Q1 2015. These banks and asset managers increased the total shares they own by 523,409 to 42.13 million this quarter. There were 23 funds that closed their positions and 52 that reduced them. A total of 17 funds opened new positions in Viasat Inc and 45 increased their holdings.
In all 132 registered investment managers that own this company, eight have it in Top 10. Some of them are: Baupost Group Llc Ma, Cove Street Capital Llc, Mig Capital Llc, Vnbtrust National Association, Fpr Partners Llc, Needham Investment Management Llc, New South Capital Management Inc, Roundview Capital Llc.
New England Research & Management Inc. had the greatest investment with ownership of 3,700 shares as of Q2 2015 for 0.18% of the fund’s portfolio. Seth Klarman’s Baupost Group Llc Ma is another positive player possessing 11.53 million shares of the company or 11.59% of their stocks portfolio. The stock is also 2.33% of the fund’s AUM. The California-based fund Cove Street Capital Llc have 4.56% of their stock portfolio invested in the company for 627,655 shares. Further, The California-based fund Mig Capital Llc disclosed it had purchased a stake worth 7.15% of the fund’s stock portfolio in the company. Vnbtrust National Association was also a notable supporter of the publicly listed company, possessing 123,781 shares. Viasat Inc is 3.71% of the fund’s stock portfolio.
ViaSat NASDAQ:VSAT Company Profile
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.
Company Website: ViaSat
Viasat Inc was founded in Delaware on 1996-10-25. Now its market cap is: $3.09 billion and it has 48.20 million outstanding shares. Currently there are 88.65% shareholders and the institutional ownership is 88.65%. This company has 3400 employees. The stock closed at $64.110001 yesterday and it had average 2 days volume of 113663 shares. It is up from the 30 days average shares volume of 89434. Viasat Inc has a 52 weeks low of $52.28 and a one year high of $68.77. The current price is above the 200 days simple moving average. Viasat Inc last issued its quarterly earnings data on 08/06/2015. The company reported 0.11 EPS for the quarter, same as the consensus estimate of 0.11 . The company had a revenue of 344.38 million for 6/30/2015 and 364.75 million for 4/3/2015. Therefore, the revenue was -20,375,000 down.
Richard Baldridge is also director of Ducommun Inc /De/.
* Transaction pursuant to Rule 10b5-1 Trading Plan adopted on March 9 - 2015.
* The option vested in four (4) equal annual installments beginning on 11/10/2010 and ending on 11/10/2013.
