Finance

What Recent Ownership Trends Suggest About ViaSat, Inc. (VSAT)’s Future Performance

Recent insider trends for ViaSat, Inc. (NASDAQ:VSAT) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on VSAT is anything to go by, investors should pay attention.

Institutions own 102.46% of ViaSat, Inc. (VSAT)’s shares. The total value of these holdings, in millions, is $4,177. Among active positions in the latest quarter, 114 holders increased their positions by a total of 5.98 million shares, 82 holders decreased the positions by a total of 3.61 million shares, and 21 holders held their positions. This works out to a net increase in ownership of 2.37 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 18 holders initiated new positions by a total of 1.1 million shares and 29 holders exited their positions by a total of 1.45 million shares. This nets out to a decrease of 353523 shares and is another bearish sign for VSAT.

In the last three months, insiders executed a total of 31 trades. 7 of these were buys and 24 were sells. Insider ownership decreased by a total of 130513 shares, which suggests that VSAT’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 12 buys and 57 sells, and ownership decreased by a net of 244173 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. ViaSat, Inc. (NASDAQ:VSAT)’s short interest is 10.18 million shares, or 27.85% of the float. This represents an increase of 2% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that VSAT is a Strong buy, which implies that VSAT is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that ViaSat, Inc. (NASDAQ:VSAT) is undervalued.

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