The EVP; Pres. – International of SBA Communications Corporation is Exercising Options

Yesterday it was reported that the EVP; Pres. – International of SBA Communications Corporation (SBACResearch Report), Kurt Bagwell, exercised options to sell 14,320 SBAC shares at $154.71 a share, for a total transaction value of $3.23M.

Following Kurt Bagwell’s last SBAC Sell transaction on May 03, 2019, the stock climbed by 19.6%. In addition to Kurt Bagwell, 2 other SBAC executives reported Sell trades in the last month.

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Based on SBA Communications Corporation’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $493 million and quarterly net profit of $25.99 million. In comparison, last year the company earned revenue of $458 million and had a net profit of $31.55 million. SBAC’s market cap is $25.64B and the company has a P/E ratio of 612.16. Currently, SBA Communications Corporation has an average volume of 788.6K.

Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $219.00, reflecting a -3.3% downside.

The insider sentiment on SBA Communications Corporation has been negative according to 64 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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SBA Communications Corp. is a real estate investment trust, which engages in the provision of wireless communications infrastructures. It operates through the following business segments: Domestic Site Leasing, International Site Leasing, and Site Development. The Domestic Site Leasing segment includes AT&T, Sprint, T-Mobile, and Verizon Wireless.