Globalstar (NASDAQ:GSAT) CFO Rebecca Clary Sells 24,100 Shares of Stock

Posted by Francis Steltz on Aug 18th, 2026

Globalstar, Inc. (NASDAQ:GSAT – Get Free Report) CFO Rebecca Clary sold 24,100 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $82.17, for a total value of $1,980,297.00. Following the sale, the chief financial officer directly owned 96,540 shares in the company, valued at $7,932,691.80. This trade represents a 19.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Rebecca Clary also recently made the following trade(s):

On Thursday, June 4th, Rebecca Clary sold 920 shares of Globalstar stock. The stock was sold at an average price of $81.75, for a total value of $75,210.00.

Globalstar Stock Up 0.8%

GSAT stock opened at $83.03 on Tuesday. The stock has a 50-day simple moving average of $80.87 and a two-hundred day simple moving average of $74.21. Globalstar, Inc. has a twelve month low of $24.37 and a twelve month high of $84.85. The firm has a market capitalization of $10.76 billion, a PE ratio of -162.80 and a beta of 1.58. The company has a quick ratio of 1.51, a current ratio of 1.55 and a debt-to-equity ratio of 1.05.

Globalstar (NASDAQ:GSAT – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.14). Globalstar had a negative return on equity of 16.66% and a negative net margin of 22.25%.The firm had revenue of $64.77 million during the quarter. The business’s revenue was down 3.5% compared to the same quarter last year. On average, equities analysts predict that Globalstar, Inc. will post -0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Globalstar

Institutional investors have recently made changes to their positions in the business. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Globalstar during the 4th quarter valued at $26,000. Meeder Asset Management Inc. bought a new stake in Globalstar in the fourth quarter worth $27,000. Optiver Holding B.V. bought a new stake in Globalstar in the first quarter worth $32,000. US Bancorp DE boosted its position in Globalstar by 610.7% during the third quarter. US Bancorp DE now owns 931 shares of the company’s stock valued at $34,000 after buying an additional 800 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Globalstar during the third quarter valued at about $40,000. Hedge funds and other institutional investors own 18.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GSAT. Zacks Research raised Globalstar from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Wall Street Zen upgraded Globalstar to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings raised Globalstar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, Clear Str downgraded Globalstar from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Globalstar presently has an average rating of “Hold” and a consensus price target of $69.00.

View Our Latest Stock Analysis on GSAT

About Globalstar

(Get Free Report)

Globalstar, Inc is a leading provider of mobile satellite voice and data communications services. Through a network of low Earth orbit (LEO) satellites, the company delivers reliable satellite connectivity to users in remote or underserved regions where terrestrial networks are unavailable or unreliable. Its product portfolio includes satellite phones, two-way satellite data modems and Internet of Things (IoT) devices designed for tracking, monitoring and emergency notification.

Founded in 1991 as a joint venture between Loral and Qualcomm, Globalstar launched its first fleet of 48 satellites between 1998 and 2000.