New insider activity at Globalstar ( (GSAT) ) has taken place on December 1, 2025.
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Rebecca Clary, the Vice President and Chief Financial Officer of Globalstar, recently executed a sale of 4,380 shares of the company’s stock, amounting to a total transaction value of $262,405.
Recent Updates on GSAT stock
In the last 24 hours, Globalstar’s stock has risen by 14.2% following the release of its third-quarter earnings report, which showcased record revenue and growth in key sectors like Commercial IoT. The company reported a significant increase in total revenue to $73.8 million, driven by strong sales in wholesale capacity services and subscriber equipment. Despite challenges such as lower net income due to noncash items and high capital expenditures, Globalstar’s strategic investments in XCOM RAN and government sector engagement have positioned it for future growth. B. Riley raised Globalstar’s price target from $60 to $75, citing the company’s strong financial performance and potential strategic partnerships, including ongoing talks with SpaceX. The firm also highlighted Globalstar’s robust cash position and reaffirmed its full-year revenue outlook, projecting between $260 million and $285 million. The optimism is tempered by uncertainties around satellite launch timing and delayed revenue from XCOM RAN, but the company’s strategic initiatives and market opportunities in Commercial IoT and government sectors provide a positive outlook.
Spark’s Take on GSAT Stock
According to Spark, TipRanks’ AI Analyst, GSAT is a Neutral.
Globalstar’s stock score is primarily influenced by its strong technical momentum and positive earnings call highlights, such as record revenue and strategic investments. However, financial performance issues, including profitability challenges and high leverage, along with a poor valuation due to negative earnings, weigh down the overall score.
To see Spark’s full report on GSAT stock, click here.
More about Globalstar
YTD Price Performance: 95.65%
Average Trading Volume: 1,345,268
Technical Sentiment Signal: Buy
Current Market Cap: $7.71B