Insider Activity Spotlight: Viasat Inc. and SVP Craig Andrew
The latest filing from Viasat Inc. (NASDAQ: VIAS) shows SVP Craig Andrew buying 23,787 shares on March 2, 2026 at $15.96—a 47‑point dip from the day’s closing price of $45.82. The trade, executed under a Rule 10b‑5‑1 plan adopted last November, signals confidence in the company’s near‑term prospects even as the stock has been in a broader uptrend (year‑to‑date +400 %). Andrew’s purchase follows a series of Rule 10b‑5‑1 sales earlier in the month, with total proceeds of $1.6 million and a post‑trade holding of 26,213 shares. For an executive whose compensation is largely tied to Viasat’s performance, these moves suggest a calculated bet on continued revenue growth from satellite‑enabled services.
What It Means for Investors
Viasat’s share price has broken a 52‑week high of $50.24 and is trading near its 52‑week low of $7.36, indicating significant volatility but a solid upward trajectory. Andrew’s buying adds insider momentum that often precedes short‑term price rallies; however, the company’s negative P/E of –18.22 points to a valuation heavily discounted by earnings expectations. Investors should weigh the insider confidence against the underlying cash‑flow uncertainties that have historically plagued satellite operators. The recent partnership announcements—especially the HARMAN collaboration for in‑cab voice calls—could open new revenue streams, potentially justifying a higher multiple if the market views these deals as transformational.
Craig Andrew: A Transaction Profile
Andrew’s insider activity dates back to July 2025, when he sold 3,508 shares at $15.93 and purchased 9,804 shares at no cost (restricted stock units) as part of a broader 10b‑5‑1 plan. His buying and selling patterns reveal a disciplined approach: he typically sells when the price approaches a new high and buys during troughs, maintaining a balanced portfolio of 19,608–26,213 shares over the past year. This strategy aligns with the “buy low, sell high” principle and indicates a long‑term commitment to Viasat’s success. The consistency across multiple plan periods (Nov 2025, Mar 2026) also suggests that Andrew’s trades are pre‑planned rather than reactive to market noise.
Market Context and Outlook
Viasat’s focus on expanding satellite connectivity—through NB‑NTN IoT services, automotive integration, and direct‑to‑device initiatives—positions it well against competitors. The company’s recent contracts and partnerships could drive incremental revenue, potentially lifting earnings into positive territory and easing the negative P/E. If insider buying continues to outpace selling, it may serve as a bullish signal for analysts and investors alike. Still, the sector’s capital‑intensive nature and regulatory uncertainties warrant careful scrutiny.
In summary, Craig Andrew’s recent purchase amid a series of tactical sales underlines a calculated insider confidence. For investors, the move adds a layer of conviction to Viasat’s upward trajectory, provided the company can convert its strategic initiatives into sustainable earnings growth.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-03-02 | Miller Craig Andrew (SVP, Pres Viasat Government) | Buy | 23,787.00 | 15.96 | $.0001 par value common stock |
| 2026-03-02 | Miller Craig Andrew (SVP, Pres Viasat Government) | Sell | 34,205.00 | 45.00 | $.0001 par value common stock |
| 2026-03-02 | Miller Craig Andrew (SVP, Pres Viasat Government) | Sell | 1,180.00 | 45.81 | $.0001 par value common stock |
| N/A | Miller Craig Andrew (SVP, Pres Viasat Government) | Holding | 4,209.00 | N/A | $.0001 par value common stock |
| N/A | Miller Craig Andrew (SVP, Pres Viasat Government) | Holding | 1,592.00 | N/A | $.0001 par value common stock |
| 2026-03-02 | Miller Craig Andrew (SVP, Pres Viasat Government) | Sell | 23,787.00 | N/A | employee stock option (right to buy) |
