Iridium Communications (NASDAQ:IRDM) CAO Timothy Kapalka Sells 13,473 Shares

Posted by Geri Gentry on Aug 19th, 2026

Iridium Communications Inc (NASDAQ:IRDM – Get Free Report) CAO Timothy Kapalka sold 13,473 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $50.51, for a total value of $680,521.23. Following the transaction, the chief accounting officer owned 35,731 shares in the company, valued at $1,804,772.81. This trade represents a 27.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Iridium Communications Trading Down 0.7%

Shares of NASDAQ IRDM traded down $0.32 during trading on Wednesday, reaching $48.71. The stock had a trading volume of 818,984 shares, compared to its average volume of 2,320,215. The business’s 50-day moving average price is $48.09 and its 200-day moving average price is $38.42. Iridium Communications Inc has a fifty-two week low of $15.65 and a fifty-two week high of $57.18. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.31 and a current ratio of 2.78. The company has a market cap of $5.16 billion, a P/E ratio of 55.35, a PEG 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 the consensus estimate of $0.28 by ($0.19). The firm had revenue of $225.24 million during the quarter, compared to analyst estimates of $220.32 million. Iridium Communications had a net margin of 10.55% and a return on equity of 22.57%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, equities research analysts predict that Iridium Communications Inc will post 0.95 EPS for the current fiscal year.

Iridium Communications Dividend Announcement

The firm 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 $0.15 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.2%. Iridium Communications’s payout ratio is 68.18%.

Institutional Investors Weigh In On Iridium Communications

Institutional investors have recently modified their holdings of the company. 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 during the last quarter. Amundi lifted its holdings in 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 buying an additional 37,465 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Iridium Communications by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 232,231 shares of the technology company’s stock worth $6,345,000 after buying an additional 33,191 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Iridium Communications during the 1st quarter worth about $218,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 valued at $14,741,000 after acquiring an additional 75,060 shares during the last quarter. 84.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Oppenheimer boosted their price target on shares of Iridium Communications from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Raymond James Financial reiterated a “market perform” rating on shares of Iridium Communications in a report on Friday, April 24th. New Street Research upgraded Iridium Communications from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd. BWS Financial reaffirmed a “sell” rating and issued a $16.00 price target on shares of Iridium Communications in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Iridium Communications in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Iridium Communications has a consensus rating of “Hold” and an average target price of $38.67.

View Our Latest Stock Report on IRDM

Iridium Communications Company Profile

(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.