EchoStar (NASDAQ:SATS) CEO Sells $6,362,906.00 in Stock

Posted by Francis Steltz on Jun 12th, 2026

EchoStar Corporation (NASDAQ:SATS – Get Free Report) CEO Hamid Akhavan sold 52,586 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $121.00, for a total value of $6,362,906.00. Following the completion of the sale, the chief executive officer owned 865,633 shares in the company, valued at approximately $104,741,593. This represents a 5.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

EchoStar Stock Up 11.2%

SATS opened at $128.13 on Friday. EchoStar Corporation has a 12 month low of $16.73 and a 12 month high of $147.25. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.30 and a quick ratio of 0.27. The stock has a market cap of $37.13 billion, a P/E ratio of -2.56 and a beta of 0.94. The stock’s 50 day moving average price is $126.14 and its 200 day moving average price is $114.52.

EchoStar (NASDAQ:SATS – Get Free Report) last issued its quarterly earnings results on Saturday, May 9th. The communications equipment provider reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.03). EchoStar had a negative net margin of 97.56% and a negative return on equity of 4.80%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the business posted ($0.71) earnings per share. As a group, research analysts predict that EchoStar Corporation will post -5.2 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SATS. New Street Research began coverage on EchoStar in a research report on Wednesday, May 13th. They set a “buy” rating and a $161.00 price target on the stock. TD Cowen lifted their price target on EchoStar from $129.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Williams Trading set a $155.00 price target on EchoStar in a research report on Monday, May 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EchoStar in a research report on Monday, April 20th. Finally, UBS Group lifted their price target on EchoStar from $125.00 to $127.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $137.14.

Read Our Latest Research Report on SATS

EchoStar News Roundup

Here are the key news stories impacting EchoStar this week:

Positive Sentiment: Investor enthusiasm increased after reports emphasized EchoStar’s SpaceX-related stake and spectrum assets, which could drive major value creation and improve the company’s balance sheet. SATS clocks best day this year as EchoStar’s SpaceX stake takes center stage
Positive Sentiment: Analyst and market commentary continues to frame EchoStar’s AT&T and SpaceX agreements as a potential catalyst for monetizing spectrum, reducing debt, and supporting future growth. Will AT&T and SpaceX Agreements Reshape EchoStar’s Future?
Neutral Sentiment: Insider and hedge-fund activity remains a mixed signal: Hamid Akhavan disclosed another share sale, while institutional investors have both added to and trimmed positions, leaving sentiment divided. EchoStar (NASDAQ:SATS) CEO Sells $6,362,906.00 in Stock
Negative Sentiment: Short interest is high, and recent commentary warned that the stock may have become extended after a sharp rally, suggesting some investors are skeptical of chasing the move. EchoStar Corporation Stock Short Interest Rises to 36.49%

Institutional Trading of EchoStar

Hedge funds and other institutional investors have recently modified their holdings of the business. Bellwether Advisors LLC acquired a new stake in shares of EchoStar in the fourth quarter worth $3,593,000. Junto Capital Management LP acquired a new stake in shares of EchoStar in the third quarter worth $55,199,000. Seven Grand Managers LLC acquired a new stake in shares of EchoStar in the fourth quarter worth $21,740,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of EchoStar in the fourth quarter worth $28,994,000. Finally, Legal & General Group Plc boosted its position in shares of EchoStar by 47.0% in the fourth quarter. Legal & General Group Plc now owns 356,447 shares of the communications equipment provider’s stock worth $38,746,000 after buying an additional 114,018 shares during the period. Institutional investors and hedge funds own 33.62% of the company’s stock.

EchoStar Company Profile

(Get Free Report)

EchoStar Corporation (NASDAQ: SATS) is a global provider of satellite communication solutions, offering a suite of broadband and video delivery services to consumer, enterprise and government customers. The company operates two principal business segments: Broadband and Video. Through its Broadband segment, EchoStar delivers high-speed satellite internet access, managed network services and ground infrastructure for residential, commercial and rural markets. Its Video segment provides satellite fleet operations, teleport facilities and capacity-leasing services to video distributors and content providers.

In the Broadband segment, EchoStar’s Hughes Network Systems division designs and manufactures satellite broadband equipment, including user terminals and gateways, and develops advanced network management technologies.