SVP Miller sells 35,385 shares of VSAT for $1.6M at $45.03 blended average; retains 26,512 shares post-sale.
Miller Craig Andrew, SVP and President of Viasat Government, sold 35,385 shares across 2 separate transactions for $1,593,317.01, reducing his holdings by 57.2% from 61,897 to 26,512 shares. The sales occurred at a blended average price of $45.03, which is 5.9% below the current price of $47.84 and well below the 52-week high of $48.85. While the company achieved $1.2B in quarterly revenue with modest 5.5% annual growth, it remains unprofitable on a full-year basis despite showing $25.0M net income in the latest quarter. The substantial reduction in the executive's position occurs in a stock that has appreciated 9.4% over the past 30 days and 36.1% over the past 90 days, following a recovery from a 52-week low of $7.70.