The EVP; Pres. – International of SBA Communications Corporation (NASDAQ: SBAC) is Selling Shares

Yesterday, the EVP; Pres. – International of SBA Communications Corporation (SBACResearch Report), Kurt Bagwell, sold shares of SBAC for $4.34M.

Following Kurt Bagwell’s last SBAC Sell transaction on June 14, 2019, the stock climbed by 28.3%. In addition to Kurt Bagwell, one other SBAC executive reported Sell trades in the last month.

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Based on SBA Communications Corporation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $500 million and quarterly net profit of $31.97 million. In comparison, last year the company earned revenue of $456 million and had a GAAP net loss of $57.39 million. The company has a one-year high of $260.50 and a one-year low of $146.13. Currently, SBA Communications Corporation has an average volume of 641.42K.

The insider sentiment on SBA Communications Corporation has been negative according to 66 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.