Viasat CEO Mark Dankberg Sells 100,000 Shares for $4 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: NASDAQ.COM
- Share Sale: Viasat CEO Mark Dankberg sold 100,000 indirectly-held shares for $4 million on January 6, 2026, reducing his indirect holdings by 6.51%, indicating his continued confidence in the company's stock.
- Ownership Structure: Following the transaction, Dankberg's indirect holdings decreased from 1,534,993 to 1,434,993 shares, with all shares disposed of through trust entities, demonstrating adherence to a Rule 10b5-1 trading plan to avoid insider trading allegations.
- Market Timing: The sale occurred when Viasat's stock price was near its 52-week high of $43.59, reflecting Dankberg's decision to reduce holdings at a high point following successful satellite launches and government contracts.
- Financial Performance: Viasat reported $1.14 billion in sales for the fiscal second quarter of 2023, up from $1.12 billion the previous year, with net losses decreasing from $137.6 million to $61.4 million, showcasing the company's robust growth and positive outlook.
Analyst Views on VSAT
Wall Street analysts forecast VSAT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for VSAT is 40.33 USD with a low forecast of 23.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 40.810
Low
23.00
Averages
40.33
High
52.00
Current: 40.810
Low
23.00
Averages
40.33
High
52.00
About VSAT
Viasat, Inc. is a global communications company. Its segments include communication services and defense and advanced technologies. The communication services segment provides a wide range of broadband and narrowband communications solutions across government and commercial mobility markets, as well as for residential and enterprise fixed broadband customers. In addition, this segment includes the development and sale of a wide array of advanced satellite and wireless products and terminals that support or enable the provision of fixed and mobile broadband and narrowband services. The defense and advanced technologies segment develops and offers a diverse array of vertically integrated solutions to government and commercial customers, leveraging its core technical competencies in encryption, cybersecurity, tactical gateways, modems and waveforms. Its services are designed to provide customers with the capacity density, market access, speed, bandwidth and responsiveness they need.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
