Insider Selling: Iridium Communications (NASDAQ:IRDM) Director Sells 15,046 Shares of Stock

Posted by George Bondi on Aug 19th, 2026

Iridium Communications Inc (NASDAQ:IRDM – Get Free Report) Director Thomas Fitzpatrick sold 15,046 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $49.20, for a total value of $740,263.20. Following the transaction, the director owned 43,260 shares of the company’s stock, valued at $2,128,392. This trade represents a 25.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Thomas Fitzpatrick also recently made the following trade(s):

On Monday, August 17th, Thomas Fitzpatrick sold 209,233 shares of Iridium Communications stock. The stock was sold at an average price of $50.22, for a total value of $10,507,681.26.

Iridium Communications Trading Down 0.7%

Shares of IRDM stock traded down $0.32 on Wednesday, reaching $48.71. 818,984 shares of the company’s stock were exchanged, compared to its average volume of 2,320,215. The company’s fifty day simple moving average is $48.09 and its 200 day simple moving average is $38.42. Iridium Communications Inc has a 52 week low of $15.65 and a 52 week high of $57.18. The company has a current ratio of 2.78, a quick ratio of 2.31 and a debt-to-equity ratio of 3.70. The stock has a market capitalization of $5.16 billion, a PE ratio of 55.35, a P/E/G ratio of 4.05 and a beta of 0.88.

Iridium Communications (NASDAQ:IRDM – Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). Iridium Communications had a return on equity of 22.57% and a net margin of 10.55%.The business had revenue of $225.24 million during the quarter, compared to analysts’ expectations of $220.32 million. During the same quarter in the previous year, the business earned $0.20 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts forecast that Iridium Communications Inc will post 0.95 EPS for the current year.

Iridium Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.2%. Iridium Communications’s dividend payout ratio (DPR) is presently 68.18%.

Analyst Ratings Changes

A number of analysts recently issued reports on IRDM shares. Morgan Stanley boosted their price target on Iridium Communications from $26.00 to $54.00 and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Iridium Communications in a report on Friday, July 10th. New Street Research upgraded shares of Iridium Communications from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 22nd. BWS Financial reissued a “sell” rating and issued a $16.00 target price on shares of Iridium Communications in a research report on Monday, April 27th. Finally, William Blair downgraded shares of Iridium Communications from an “outperform” rating to a “hold” rating in a report on Monday, June 29th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.67.

View Our Latest Stock Analysis on Iridium Communications

Institutional Investors Weigh In On Iridium Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in IRDM. Royal Bank of Canada increased its holdings in Iridium Communications by 33.0% in the first quarter. Royal Bank of Canada now owns 48,325 shares of the technology company’s stock valued at $1,320,000 after buying an additional 11,985 shares in the last quarter. Amundi boosted its stake in shares of Iridium Communications by 1,243.0% during the 1st quarter. Amundi now owns 40,479 shares of the technology company’s stock worth $1,035,000 after acquiring an additional 37,465 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Iridium Communications by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 232,231 shares of the technology company’s stock valued at $6,345,000 after acquiring an additional 33,191 shares during the period. United Services Automobile Association purchased a new position in shares of Iridium Communications in the 1st quarter valued at about $218,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Iridium Communications by 16.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 539,566 shares of the technology company’s stock worth $14,741,000 after purchasing an additional 75,060 shares during the period. Institutional investors and hedge funds own 84.36% of the company’s stock.

About Iridium Communications

(Get Free Report)

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.