Viasat CFO Garrett Chase sells $235,429 in stock

Garrett L. Chase, Senior Vice President and Chief Financial Officer of Viasat Inc. (NASDAQ:VSAT), sold a total of 4,000 shares of the company’s common stock on October 20, 2026, for a total value of $235,429. These transactions were executed under a Rule 10b5-1 trading plan, which was adopted on February 25, 2026.

The sales involved two separate transactions. In the first, Mr. Chase disposed of 3,000 shares at prices ranging from $58.23 to $59.185 per share. A second transaction saw the sale of 1,000 shares, with prices ranging from $59.36 to $59.43 per share. The timing comes after Viasat shares delivered an 81% return year-to-date, though the stock has declined over the past month.

Following these sales, Mr. Chase directly holds 47,534 shares of Viasat common stock. Additionally, he indirectly owns 898 shares through a 401(k) plan. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value. Investors seeking deeper insights can access comprehensive Pro Research Reports and 8+ additional ProTips for VSAT on the platform.

In other recent news, Viasat reported first-quarter fiscal 2027 revenue of $1.2 billion, which held steady with projections but represented a slight decline of 1% from the previous year. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also fell below consensus estimates by 1%, with revenue missing expectations by 3%. Additionally, Viasat’s Adjusted EBITDA decreased by 7% year-over-year, impacted by a 20% decline in the DAT segment and a 3% decline in the Communication Services segment. Despite these challenges, Viasat reiterated its previous guidance for fiscal 2027.

In terms of analyst actions, Raymond James maintained an Outperform rating on Viasat with a price target of $107, following the announcement of the Viasat-3 F3 satellite entering service in the Asia-Pacific region. Needham raised its price target on Viasat to $105 from $90, maintaining a Buy rating, citing the company’s spectrum assets. Meanwhile, Barclays reiterated an Equalweight rating with a $49 price target, noting the year-over-year revenue decline in the DAT segment. These developments highlight mixed analyst perspectives on Viasat’s performance and future prospects.