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SBA Communications Corp Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 29 Mar 2022.
SBA Communications Corp: what insiders have been doing
Headquartered in Boca Raton, United States, SBA Communications Corp belongs to the Business Services sector and traces its origins to 1989. Filings by its managers are published through SEC (Form 4). From 18 October 2025 to 18 October 2026, the disclosure feed for SBA Communications Corp logged 40 filings by 15 insiders.
Only sales appear on the open market, 1 sale in all totalling €47k, filed by 1 insider. At €47k, the sale published on 19 August 2026 by Krouse George R Jr is the largest of the period (0.0003% of market cap).
With 40 filings in twelve months, the company is more active than the median of 19 filings across the 5,811 companies we follow on the same exchange. Since 2021, the database holds 1 purchase and 21 sales by insiders of the company. For the fiscal year to 31 December 2025, the annual 10-K puts revenue at 2.82 bn USD and net income at 1.05 bn USD.
The median gap between a trade and its publication by SEC (Form 4) is 3 days. For comparison, the SEC allows two business days to file a Form 4. Keep in mind that insiders sell for many reasons unrelated to the outlook, from tax bills to estate planning.
In the same sector, recent insider purchases at Coursera, Inc. also feature in our signals. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
Insider Decl.
222
Thresholds
n/a
Buy Volume
€781
1 ops. · all time
Sell Volume
€64M
21 ops. · all time
Who traded when
BuySaleGeorge R. Krouse Jr.1 sale
Analyst consensus: bullish or bearish?
Analysts rate SBA Communications Corp Buy (bullish), based on 20 analysts. Average price target: US$226.20.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 8,189 of 24,148 companies
59.5
score / 100
Value54
Quality65
FCF yld5.5%
Earn yld5.4%
EV/EBITDA17.3x
ROE·
Gross mgn75%
Net mgn37%
Debt/EBITDA7.6x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$183.72
Analyst consensus
20 analystsBuy
US$167.00Target US$226.20(+23%)US$280.00
Income statement
RevenueUS$2.8B
Gross profitUS$2.1B75% margin
EBITDAUS$2B71% margin
Net incomeUS$1.1B34.5% margin
Valuation
PER (trailing)19.8x
PER (forward)22.5x
Beta0.99
Balance sheet & cash
Market capUS$19.5B
Total debtUS$15.3B
Free Cash FlowUS$1.1B
Profitability & ownership
ROA8.4%
% insiders0.8%
% institutions101.5%
Last declaration on 19 August 2026
Declarations222 total
300 shares@ US$182.67450.0003% mcap6.5% of flowClass A Common StockSEC:0001473955-26-000008:0
300 shares@ US$182.67450.0003% mcap100.0% of flowCommonSEC144:0001950047-26-008234
457 shares0Class A Common StockSEC:0002031697-26-000006:0
170.689 shares@ US$180.980.0002% mcap1.8% of flowClass A Common StockSEC:0002031697-26-000006:1
1,492 shares@ US$213.610.0013% mcap17.0% of flowClass A Common StockSEC:0001187378-26-000005:1
1,496 shares@ US$213.610.0013% mcap8.2% of flowClass A Common StockSEC:0001089833-26-000004:1
501 shares@ US$212.310.0004% mcap12.4% of flowClass A Common StockSEC:0001473955-26-000004:0
1,501 shares@ US$212.310.0013% mcap24.4% of flowClass A Common StockSEC:0001253093-26-000004:0
1,501 shares@ US$212.310.0013% mcap17.0% of flowClass A Common StockSEC:0001187378-26-000005:0
1,501 shares@ US$212.310.0013% mcap8.1% of flowClass A Common StockSEC:0001089833-26-000004:0
325.968 shares@ US$221.200.0003% mcap100.0% of flowClass A Common StockSEC:0001978602-26-000002:3
248 sharesClass A Common StockSEC:0001187378-26-000002:0
302 sharesClass A Common StockSEC:0001187378-26-000002:1
331 sharesClass A Common StockSEC:0001187378-26-000002:2
248 sharesClass A Common StockSEC:0001089833-26-000002:0
302 sharesClass A Common StockSEC:0001089833-26-000002:1
331 sharesClass A Common StockSEC:0001089833-26-000002:2
248 sharesClass A Common StockSEC:0001978602-26-000002:0
302 sharesClass A Common StockSEC:0001978602-26-000002:1
331 sharesClass A Common StockSEC:0001978602-26-000002:2
1,501 shares@ US$212.310.0013% mcap27.0% of flowClass A Common StockSEC:0001641154-26-000002:0
1,453 shares@ US$223.750.0014% mcap27.6% of flowClass A Common StockSEC:0001641154-26-000002:1
270 shares0Class A Common StockSEC:0002031697-26-000004:0
694 shares0Class A Common StockSEC:0001957645-26-000002:0
715 shares0Class A Common StockSEC:0001504654-26-000002:0
25 of 222 declarations
About SBA Communications Corp
SBA Communications Corp. (ticker SBAC) is a leading wireless infrastructure REIT listed on the NASDAQ in the United States (United States). Founded in 1989 and headquartered in Boca Raton, Florida, the company is one of the major independent owners and operators of communications sites and is widely viewed as a core tower-platform business rather than a traditional telecom carrier. Its asset base includes tower structures, rooftops, buildings, distributed antenna systems (DAS), and small cells. For investors, SBA offers a pure-play exposure to the long-duration economics of wireless network densification, 5G capacity upgrades, and tenant additions on existing sites.
SBA’s business model is built around two primary lines. The first, site leasing, is the economic engine of the group and accounted for the vast majority of segment profit in 2024. In this segment, SBA leases antenna space on multi-tenant towers and other structures to wireless operators and other customers under long-term contracts. The second line, site development, supports carrier network buildouts through site acquisition, zoning, construction, equipment installation, and related services. This gives the company a mix of recurring lease income and project-driven service revenue, with the former being the dominant contributor to profitability.
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From a competitive standpoint, SBA operates in a highly concentrated industry alongside a small number of global tower owners. Its appeal lies in the scale, quality, and geographic diversification of its portfolio. As of December 31, 2024, SBA owned 39,749 communication sites, including 17,464 in the United States and its territories and 22,285 internationally. Its footprint spans North America, South America, Central America, Canada, and Africa, with meaningful exposure to Brazil. That diversification is relevant for portfolio investors because it reduces dependence on a single market, while also introducing foreign-exchange and regulatory considerations.
Recent corporate developments have centered on portfolio reshaping and capital allocation. In 2025, SBA sold its Canada operations and its Philippines assets, while continuing to invest in growth markets in Latin America, including Guatemala. By the first quarter of 2026, the company had expanded to 46,358 sites, reflecting ongoing acquisitions and tower builds. Management also continued share repurchases and dividend distributions, signaling a continued commitment to shareholder returns despite a relatively elevated leverage profile. Overall, SBAC remains a high-quality infrastructure compounder on the NASDAQ, with earnings anchored by long-term leases, carrier demand, and selective international expansion.
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