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A recent SEC filing revealed that Richard Baldridge, a board member at Viasat, sold 3,492 shares of the company. The total value of the transaction was ,204. At the time of writing, Viasat shares were trading down 1.42% at .68.

Insider transactions can be an important factor for investors to consider, although they should not be the sole basis for investment decisions. In legal terms, insiders refer to shareholders who own at least 10% of a company, including executives and large hedge funds. They are required to disclose their transactions through a Form 4 filing within two business days.

When an insider makes a new purchase, it is seen as an indication that they expect the stock to rise. On the other hand, insider sells can be made for various reasons and may not necessarily imply a negative outlook on the stock.

Investors often focus on transactions that occur in the open market, which can be found in Table I of the Form 4 filing. The transaction codes P and S indicate purchases and sales, respectively. Code C represents the conversion of an option, while code A suggests that the insider may have been compelled to sell shares to receive promised compensation.

For more detailed information on Viasat’s insider trades, you can refer to the company’s full list of transactions.

Please note that this article was generated using Benzinga’s automated content engine and has been reviewed by an editor.

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