The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Viasat, Inc shares valued at $33,750,000 were sold by TRITON LUXTOPHOLDING SARL on Feb 10 ’25. At $9.00 per share, TRITON LUXTOPHOLDING SARL sold 3,750,000 shares. The insider’s holdings dropped to 4,795,334 shares worth approximately $44.26 million following the completion of this transaction.
Also, ONTARIO TEACHERS PENSION PLAN sold 3,750,000 shares, netting a total of over 33,750,000 in proceeds. Following the sale of shares at $9.00 each, the insider now holds 4,795,334 shares.
Before that, CPP Investment Board Private H had sold 3,750,000 shares from its account. In a trade valued at $33,750,000, the traded Viasat, Inc shares for $9.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,750,000 shares, worth approximately $44.26 million.
As published in their initiating research note from Cantor Fitzgerald on January 24, 2025, Viasat, Inc [VSAT] has been a Neutral and the price target has been revised to $12. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid October. As of September 17, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for VSAT. Earlier on October 17, 2023, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for VSAT stock which previously was a “a Neutral”.
Analyzing VSAT Stock Performance
During the last five days, there has been a drop of approximately -3.05%. Over the course of the year, Viasat, Inc shares have jumped approximately 8.46%. Shares of the company reached a 52-week high of $12.55 on 01/21/25 and a 52-week low of $7.45 on 01/15/25. A 50-day SMA is recorded $9.39, while a 200-day SMA reached $13.02. Nevertheless, trading volume fell to 4.29 million shares from 4.85 million shares the previous day.
Support And Resistance Levels for Viasat, Inc (VSAT)
According to the 24-hour chart, there is a support level at 8.85, which, if violated, would cause prices to drop to 8.48. In the upper region, resistance lies at 9.42. The next price resistance is at 9.62. RSI (Relative Strength Index) is 47.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 76.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
