New insider activity at Globalstar ( (GSAT) ) has taken place on March 29, 2025.
In a significant transaction involving Globalstar stock, CEO Paul E. Jacobs sold 209,546 shares valued at $4,718,975. Simultaneously, Director James Monroe purchased the exact same number of shares, 209,546, for the same amount of $4,718,975. This exchange highlights a noteworthy shift in stock ownership within the company’s leadership.
Recent Updates on GSAT stock
In the last 24 hours, Globalstar has experienced significant developments, including a 2.3% increase in share price after hours following director James Montoe’s purchase of 25,000 shares. The company opened a new Satellite Operations Control Center in Covington, Louisiana, marking an expansion of its operational capabilities. Additionally, Globalstar announced a partnership with GCT Semiconductor to develop two-way satellite messaging systems, which will enhance its product offerings. The company’s recent earnings report highlighted strong financial performance with a 17% increase in Q4 revenue and a strategic uplisting to NASDAQ. Despite increased operating expenses and short-term EBITDA margin compression due to strategic investments, Globalstar’s long-term growth potential remains promising. Craig-Hallum lowered Globalstar’s price target, citing these strategic investments and their impact on short-term margins as reasons for the adjustment.
More about Globalstar
YTD Price Performance: -27.47%
Average Trading Volume: 921,384
Technical Sentiment Signal: Hold
Current Market Cap: $2.85B