SBA Communications (SBAC)

SBA Telecommunications, LLC • SBA Senior Finance, LLC • SBA Guarantor, LLC • SBA Monarch Towers I, LLC • SBA Monarch Towers III, LLC • SBA Infrastructure, LLC • SBA Properties, LLC • SBA Structures, LLC • SBA Sites, LLC • SBA 2012 TC Assets, LLC ...

IRS number

650716501

SBAC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$236.25

Low target

$225.00

High target

$250.00

Latest filings (excl ownership)

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Provides Full Year 2025 Outlook; and Declares Quarterly Cash Dividend

1 Nov 24

Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend

28 Oct 24

8-K

Entry into a Material Definitive Agreement

11 Oct 24

8-K

Entry into a Material Definitive Agreement

2 Oct 24

8-K

Entry into a Material Definitive Agreement

2 Aug 24

Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend

29 Jul 24

8-K

Departure of Directors or Certain Officers

10 Jul 24

Transcripts

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SBAC

Earnings call transcript

2024 Q4

24 Feb 25

SBAC

Earnings call transcript

2024 Q3

28 Oct 24

SBAC

Earnings call transcript

2024 Q2

29 Jul 24

SBAC

Earnings call transcript

2024 Q1

29 Apr 24

SBAC

Earnings call transcript

2023 Q4

26 Feb 24

SBAC

Earnings call transcript

2023 Q3

2 Nov 23

SBAC

Earnings call transcript

2023 Q2

31 Jul 23

SBAC

Earnings call transcript

2023 Q2

31 Jul 23

SBAC

Earnings call transcript

2023 Q1

2 May 23

SBAC

Earnings call transcript

2022 Q4

21 Feb 23

Latest ownership filings

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Mary S Chan

4 Mar 25

144

Notice of proposed sale of securities

Brendan Thomas Cavanagh

Financial summary

Financial statements Chart SBAC financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q4 2024

SBAC institutional ownership history Ownership history

99.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	650	671	-3.1%
Opened positions	88	92	-4.3%
Closed positions	109	55	+98.2%
Increased positions	254	248	+2.4%
Reduced positions	237	246	-3.7%

13F shares	Current	Prev Q	Change
Total value	20.08 tn	22.78 tn	-11.9%
Total shares	106.79 mm	102.33 mm	+4.4%
Total puts	112.40 k	101.20 k	+11.1%
Total calls	186.20 k	211.30 k	-11.9%
Total put/call ratio	0.6	0.5	+26.0%

Largest owners	Shares	Value	Change
Vanguard	17.40 mm	$3.55 tn	+0.0%
BlackRock	10.12 mm	$2.06 tn	+9.8%
Dodge & Cox	7.35 mm	$1.50 tn	+352.5%
STT State Street	4.63 mm	$944.01 bn	-0.2%
JPM JPMorgan Chase & Co.	4.26 mm	$867.80 bn	+0.1%
Geode Capital Management	2.89 mm	$586.83 bn	+2.5%
Deutsche Bank AG - Registered Shares	2.41 mm	$491.55 bn	+5.9%
PFG Principal Financial	1.97 mm	$400.58 bn	-52.6%
CNS Cohen & Steers	1.88 mm	$383.76 mm	+29.8%
Diamond Hill Capital Management	1.86 mm	$379.29 bn	+8.3%

Largest transactions	Shares	Bought/sold	Change
Dodge & Cox	7.35 mm	+5.72 mm	+352.5%
PFG Principal Financial	1.97 mm	-2.18 mm	-52.6%
Norges Bank	1.32 mm	+1.32 mm	NEW
Wealthfront Advisers	1.13 mm	+1.12 mm	+23553.0%
BAM Brookfield Asset Management	991.25 k	+987.65 k	+27449.9%
BlackRock	10.12 mm	+899.28 k	+9.8%
American Century Companies	442.25 k	-763.63 k	-63.3%
Citadel Advisors	0.00	-673.16 k	EXIT
Millennium Management	170.60 k	-652.87 k	-79.3%
Victory Capital Management	1.78 mm	+565.14 k	+46.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SBAC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Feb 25	Chan Mary S	Class A Common Stock	Sell	Dispose S	No	No	218.07	1,411	307.70 k	5,130.924
28 Feb 25	Chan Mary S	Class A Common Stock	Option exercise	Acquire M	No	No	157.51	1,411	222.25 k	6,541.924
28 Feb 25	Chan Mary S	Stock Options Class A Common Stock	Option exercise	Dispose M	No	No	157.51	1,411	222.25 k	0
28 Jan 25	Jeffrey Stoops	Class A Common Stock	Payment of exercise	Dispose F	No	No	207.94	116,279	24.18 mm	114,904.972
28 Jan 25	Jeffrey Stoops	Class A Common Stock	Option exercise	Acquire M	No	No	156.5	137,601	21.53 mm	231,183.972
28 Jan 25	Jeffrey Stoops	Stock Options Class A Common Stock	Option exercise	Dispose M	No	No	156.5	137,601	21.53 mm	0
22 Jan 25	Joshua Koenig	Class A Common Stock	Payment of exercise	Dispose F	No	No	204.36	2,305	471.05 k	6,078.254
22 Jan 25	Joshua Koenig	Class A Common Stock	Option exercise	Acquire M	No	No	156.5	2,724	426.31 k	8,383.254
22 Jan 25	Joshua Koenig	Stock Options Class A Common Stock	Option exercise	Dispose M	No	No	156.5	2,724	426.31 k	0
22 Jan 25	Brendan Thomas Cavanagh	Class A Common Stock	Payment of exercise	Dispose F	No	No	204.36	43,048	8.80 mm	56,060.787