Key Points
- Rebecca Clary sold 1,221 shares of Globalstar on Dec. 8 at an average price of $67.88, trimming her stake by 1.18% to 102,297 shares (disclosed in an SEC filing).
- Ongoing insider selling: Clary has sold roughly 39,525 shares since mid‑September across multiple transactions (including 16,316 on Nov. 17), generating about $2.02 million in proceeds.
- Stock and analyst snapshot: GSAT is trading near $67.80 (52‑week high $70.83) with a market cap of $8.6B and negative EPS, and the consensus analyst rating is a "Hold" with a $75 price target.
Globalstar, Inc. (NASDAQ:GSAT - Get Free Report) CFO Rebecca Clary sold 1,221 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $67.88, for a total value of $82,881.48. Following the sale, the chief financial officer owned 102,297 shares in the company, valued at $6,943,920.36. The trade was a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Rebecca Clary also recently made the following trade(s):
- On Monday, December 1st, Rebecca Clary sold 4,380 shares of Globalstar stock. The stock was sold at an average price of $59.92, for a total transaction of $262,449.60.
- On Monday, November 17th, Rebecca Clary sold 16,316 shares of Globalstar stock. The shares were 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 transaction of $3,435.04.
- On Thursday, November 6th, Rebecca Clary sold 4,572 shares of Globalstar stock. The stock was sold at an average price of $48.31, for a total transaction of $220,873.32.
- On Thursday, October 16th, Rebecca Clary sold 4,333 shares of Globalstar stock. The shares were sold at an average price of $44.43, for a total transaction of $192,515.19.
- On Thursday, September 25th, Rebecca Clary sold 2,100 shares of Globalstar stock. The stock was sold at an average price of $35.01, for a total transaction of $73,521.00.
- On Monday, September 15th, Rebecca Clary sold 5,359 shares of Globalstar stock. The shares were sold at an average price of $29.75, for a total value of $159,430.25.
Globalstar Trading Down 1.0%
GSAT opened at $67.80 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 2.46 and a current ratio of 2.53. The stock's 50 day moving average price is $51.93 and its 200-day moving average price is $35.39. Globalstar, Inc. has a one year low of $17.24 and a one year high of $70.83. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of -147.39 and a beta of 1.08.
Globalstar (NASDAQ:GSAT - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02. Globalstar had a negative return on equity of 3.67% and a negative net margin of 21.07%.The firm had revenue of $73.85 million during the quarter. During the same period in the prior year, the business posted $0.06 earnings per share. Globalstar's revenue was up 2.1% on a year-over-year basis.
Analyst Ratings Changes
A number of brokerages have recently issued reports on GSAT. Zacks Research lowered shares of Globalstar from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 7th. B. Riley lifted their price objective on shares of Globalstar from $60.00 to $75.00 and gave the company a "buy" rating in a report on Monday, November 10th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Globalstar in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $75.00.
Read Our Latest Report on GSAT
Institutional Trading of Globalstar
Hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in Globalstar during the 1st quarter worth about $99,000. Magnus Financial Group LLC boosted its position in Globalstar by 1.7% during the second quarter. Magnus Financial Group LLC now owns 195,745 shares of the company's stock valued at $4,610,000 after purchasing an additional 3,333 shares in the last quarter. Nordea Investment Management AB purchased a new position in Globalstar in the second quarter valued at about $3,037,000. Y Intercept Hong Kong Ltd bought a new position in Globalstar in the second quarter worth about $343,000. Finally, Palogic Value Management L.P. bought a new position in Globalstar in the second quarter worth about $1,178,000. 18.89% of the stock is owned by hedge funds and other institutional investors.
About Globalstar
(
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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