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A recent SEC filing has revealed that Richard Baldridge, a board member at Viasat, sold 3,492 shares of the company. The total value of the transaction was ,204.

Viasat shares are currently trading down 1.42% at .68.

It’s important to note that insider transactions should not be the sole basis for making investment decisions. However, they can provide valuable insights for investors.

The term “insider” refers to any shareholder who owns at least 10% of a company, including executives and large hedge funds. These insiders are legally required to disclose their transactions through a Form 4 filing within two business days.

When an insider makes a new purchase, it can indicate their belief that the stock will rise. On the other hand, insider sells can occur for various reasons and may not necessarily indicate a negative outlook on the stock.

Investors typically focus on transactions that occur in the open market, as indicated in Table I of the Form 4 filing. A “P” in Box 3 signifies a purchase, while “S” indicates a sale. Other transaction codes, such as “C” for the conversion of an option or “A” when the insider is forced to sell shares to receive promised compensation, can also provide important information.

For a complete list of Viasat’s insider trades, please check the company’s official disclosures.

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

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