Key insights
- Viasat SVP Benjamin Palmer sold approximately $1.76 million in company stock, despite the stock's recent decline and a reported earnings beat. The sale was executed under a pre-arranged trading plan. While the company has shown strong long-term performance, this insider selling, coupled with the stock's current overvaluation and high volatility, suggests potential near-term headwinds for VSAT shares.
Benjamin Edward Palmer, Senior Vice President and President of Commercial at VIASAT INC (NASDAQ:VSAT), recently sold shares of the company’s common stock totaling approximately $1,758,156. The sales occurred over two days, with prices ranging between $73.0914 and $80.59 per share.
On June 1, 2026, Mr. Palmer disposed of 2,400 shares of VIASAT INC common stock at a price of $80.59 per share. This transaction was executed pursuant to a Rule 10b5-1 trading plan that was adopted on December 11, 2025. The sale comes as the stock currently trades at $69.57, down 18.6% over the past week, though the company has delivered an exceptional 683% return over the last year. According to InvestingPro analysis, VSAT appears overvalued at current levels, with the stock’s high volatility reflected in its beta of 1.67.
The following day, June 2, 2026, Mr. Palmer acquired 21,408 shares of common stock through the exercise of an employee stock option, with an exercise price of $15.96 per share. The option for remaining shares will become exercisable on October 9, 2026, subject to the achievement of certain stock price thresholds.
Immediately after this acquisition, Mr. Palmer sold all 21,408 shares of common stock. These shares were sold at a weighted average price of $73.0914, with individual transaction prices ranging from $72.535 to $73.435.
Following these transactions, Mr. Palmer directly holds 18,231 shares of VIASAT INC common stock. For deeper insights into VSAT’s valuation and performance, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro.
In other recent news, Viasat Inc. reported its fourth-quarter 2026 earnings, showcasing a significant earnings per share (EPS) beat. The company achieved an actual EPS of -$0.02, which was a substantial improvement over the forecasted -$0.43. However, Viasat’s revenue for the quarter was slightly below expectations, coming in at $1.17 billion compared to the anticipated $1.19 billion. Revenue for the fiscal year 2026’s fourth quarter stood at $1.2 billion, marking a 2% increase year-over-year, although it fell 2.4% short of consensus estimates.
The Defense and Advanced Technologies segment experienced a 12% revenue growth, while the Communication Services segment saw a 2% decline. Adjusted EBITDA for the quarter decreased by 1% year-over-year and was 3.5% below consensus. Needham raised its price target for Viasat to $90, maintaining a Buy rating, citing strength in bookings as a positive indicator. Meanwhile, Barclays reiterated an Equalweight rating with a $49 price target following the fiscal 2026 results and fiscal 2027 guidance.
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