Key insights
- ViaSat SVP Palmer sold $110k in shares near the 52-week high, executed under a pre-arranged trading plan. The sale follows a recent earnings report where EPS beat estimates but revenue slightly missed. InvestingPro analysis suggests VSAT is overvalued. While the insider selling itself is not a strong signal, the context of overvaluation and mixed earnings results contributes to a slightly bearish outlook.
ViaSat INC (NASDAQ:VSAT) SVP, Pres Commercial, Benjamin Edward Palmer, sold 2,400 shares of company stock on March 12, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $46.21, for a total transaction value of $110,904. The sale comes as VSAT trades near its 52-week high of $50.24, following a remarkable 372% return over the past year.
Following the transaction, Palmer directly owns 25,431 shares of ViaSat INC. The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on December 11, 2025. The sale was signed off by Stacy Nguyen, Attorney-in-Fact, on March 16, 2026.According to InvestingPro analysis, VSAT currently appears overvalued relative to its Fair Value. Investors can access a comprehensive Pro Research Report on VSAT, along with 10 additional ProTips, exclusively on InvestingPro.
In other recent news, Viasat Inc. reported its fiscal third-quarter 2026 earnings, revealing a notable earnings per share (EPS) of $0.79, which significantly surpassed analyst forecasts of -$0.46. However, the company’s revenue came in slightly below expectations, totaling $1.16 billion compared to the anticipated $1.17 billion. These results have raised concerns among investors regarding revenue performance and future guidance. In related developments, Viasat, in collaboration with Cubic³, Qualcomm Technologies, and Fraunhofer IIS, demonstrated satellite-enabled voice calling for connected vehicles at the Mobile World Congress 2026. This technology aims to provide voice connectivity for vehicles even when traditional cellular networks are unavailable, enhancing driver safety and emergency communication. These recent developments highlight Viasat’s ongoing efforts to innovate within the satellite communication industry.
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