Key Points
- Rebecca Clary, Globalstar's CFO, sold 4,380 shares on Dec. 1 at an average of $59.92 for a total of $262,449.60, trimming her stake to 103,518 shares (~$6.20M); this sale is part of a series of insider disposals in recent months.
- GSAT trades around $60 (opened $60.12) with a market cap of $7.63B, and analysts are mixed — MarketBeat shows a consensus “Hold” and a $75 average target, while B. Riley has a Buy rating and raised its target to $75.
- Globalstar slightly beat EPS expectations in its latest quarter (reported ($0.01) vs. consensus ($0.03)) on revenue of $73.85M, but the company remains unprofitable with a negative net margin (~17.8%) and negative ROE.
Globalstar, Inc. (NASDAQ:GSAT - Get Free Report) CFO Rebecca Clary sold 4,380 shares of the firm's stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $59.92, for a total transaction of $262,449.60. Following the completion of the transaction, the chief financial officer directly owned 103,518 shares of the company's stock, valued at approximately $6,202,798.56. The trade was a 4.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Rebecca Clary also recently made the following trade(s):
- On Monday, November 17th, Rebecca Clary sold 16,316 shares of Globalstar stock. The stock was sold at an average price of $58.32, for a total transaction of $951,549.12.
- On Friday, November 14th, Rebecca Clary sold 1,188 shares of Globalstar stock. The shares were sold at an average price of $60.84, for a total transaction of $72,277.92.
- On Wednesday, November 12th, Rebecca Clary sold 56 shares of Globalstar stock. The stock was sold at an average price of $61.34, for a total value of $3,435.04.
- On Thursday, November 6th, Rebecca Clary sold 4,572 shares of Globalstar stock. The shares were sold at an average price of $48.31, for a total value of $220,873.32.
- On Thursday, October 16th, Rebecca Clary sold 4,333 shares of Globalstar stock. The stock was sold at an average price of $44.43, for a total value of $192,515.19.
- On Thursday, September 25th, Rebecca Clary sold 2,100 shares of Globalstar stock. The shares were sold at an average price of $35.01, for a total value of $73,521.00.
- On Monday, September 15th, Rebecca Clary sold 5,359 shares of Globalstar stock. The stock was sold at an average price of $29.75, for a total value of $159,430.25.
Globalstar Stock Down 1.0%
GSAT stock opened at $60.12 on Tuesday. The company's 50 day moving average price is $48.85 and its 200 day moving average price is $33.82. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of -133.60 and a beta of 1.00. Globalstar, Inc. has a fifty-two week low of $17.24 and a fifty-two week high of $65.52. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.72 and a current ratio of 2.81.
Globalstar (NASDAQ:GSAT - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. Globalstar had a negative net margin of 17.80% and a negative return on equity of 1.17%. The company had revenue of $73.85 million during the quarter. During the same quarter last year, the firm earned $0.06 EPS. The company's revenue was up 2.1% on a year-over-year basis. Globalstar has set its FY 2025 guidance at EPS.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on GSAT shares. Zacks Research lowered Globalstar from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Globalstar in a research report on Wednesday, November 26th. Finally, B. Riley boosted their target price on Globalstar from $60.00 to $75.00 and gave the company a "buy" rating in a report on Monday, November 10th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Globalstar has an average rating of "Hold" and a consensus target price of $75.00.
Read Our Latest Report on Globalstar
Institutional Trading of Globalstar
A number of hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE grew its stake in shares of Globalstar by 610.7% in the 3rd quarter. US Bancorp DE now owns 931 shares of the company's stock valued at $34,000 after purchasing an additional 800 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Globalstar during the third quarter worth approximately $37,000. Advisory Services Network LLC acquired a new stake in shares of Globalstar during the third quarter worth $40,000. Dakota Community Bank & Trust NA purchased a new position in Globalstar in the 3rd quarter valued at $46,000. Finally, CWM LLC increased its stake in Globalstar by 100.6% in the 3rd quarter. CWM LLC now owns 1,324 shares of the company's stock valued at $48,000 after buying an additional 664 shares during the period. 18.89% of the stock is owned by institutional investors and hedge funds.
Globalstar Company Profile
(
Get Free Report)
Globalstar, Inc provides mobile satellite services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.
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