Key Points
- CEO Adi Sfadia sold 48,978 shares on March 18 at an average price of $16.85, for a total disclosed transaction of $825,279.30 (SEC filing).
- Q4 results beat estimates—EPS $0.20 vs. $0.13 expected and revenue $136.96M vs. $133.56M—and the stock trades around $17.74 with a market cap near $1.01B and a one-year range of $5.30–$20.38.
- Analyst sentiment is mixed but tilted positive: consensus rating is a "Moderate Buy" with an average target of $20.00 (ratings: 1 Strong Buy, 1 Buy, 2 Hold), and institutions own about 35.72% of the shares.
Gilat Satellite Networks Ltd. (NASDAQ:GILT - Get Free Report) CEO Adi Sfadia sold 48,978 shares of the business's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $16.85, for a total transaction of $825,279.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Gilat Satellite Networks Stock Performance
GILT stock opened at $17.74 on Friday. Gilat Satellite Networks Ltd. has a one year low of $5.30 and a one year high of $20.38. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 53.76 and a beta of 0.82. The firm has a 50-day simple moving average of $16.92 and a two-hundred day simple moving average of $14.03.
Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The communications equipment provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.07. The firm had revenue of $136.96 million for the quarter, compared to the consensus estimate of $133.56 million. Gilat Satellite Networks had a net margin of 4.59% and a return on equity of 10.36%. As a group, equities analysts predict that Gilat Satellite Networks Ltd. will post 0.5 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have issued reports on GILT. Freedom Capital raised shares of Gilat Satellite Networks from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 12th. Needham & Company LLC reissued a "buy" rating and issued a $20.00 price objective on shares of Gilat Satellite Networks in a research report on Tuesday, February 10th. Weiss Ratings restated a "hold (c+)" rating on shares of Gilat Satellite Networks in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Gilat Satellite Networks from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Gilat Satellite Networks has a consensus rating of "Moderate Buy" and an average target price of $20.00.
Read Our Latest Analysis on Gilat Satellite Networks
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. raised its holdings in shares of Gilat Satellite Networks by 82.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,130 shares of the communications equipment provider's stock worth $28,000 after buying an additional 960 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Gilat Satellite Networks in the third quarter valued at $26,000. Huntington National Bank grew its position in Gilat Satellite Networks by 200,000.0% during the 4th quarter. Huntington National Bank now owns 2,001 shares of the communications equipment provider's stock worth $26,000 after purchasing an additional 2,000 shares during the period. Signaturefd LLC boosted its stake in shares of Gilat Satellite Networks by 104.5% in the fourth quarter. Signaturefd LLC now owns 4,120 shares of the communications equipment provider's stock worth $53,000 after buying an additional 2,105 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Gilat Satellite Networks by 9.8% during the third quarter. Raymond James Financial Inc. now owns 24,412 shares of the communications equipment provider's stock worth $318,000 after acquiring an additional 2,173 shares during the period. Institutional investors and hedge funds own 35.72% of the company's stock.
Gilat Satellite Networks Company Profile
(
Get Free Report)
Gilat Satellite Networks is a leading provider of satellite-based broadband connectivity solutions, specializing in the design, development and deployment of ground segment equipment and network services. The company's core offerings include Very Small Aperture Terminal (VSAT) modems and hub systems, network management software, and end-to-end satellite communication platforms. These technologies enable broadband Internet access, enterprise networking, and cellular backhaul in regions where terrestrial infrastructure is limited or non-existent.
Founded in 1987 and headquartered in Petah Tikva, Israel, Gilat has established a track record of innovation in satellite communications.
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