Kathleen Morgan Sells 33,192 Shares of Iridium Communications (NASDAQ:IRDM) Stock

Posted by Brenda Bartman on Aug 19th, 2026

Iridium Communications Inc (NASDAQ:IRDM – Get Free Report) insider Kathleen Morgan sold 33,192 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $50.35, for a total value of $1,671,217.20. Following the completion of the transaction, the insider owned 124,871 shares in the company, valued at approximately $6,287,254.85. The trade was a 21.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Iridium Communications Stock Performance

NASDAQ:IRDM traded down $0.32 during trading hours 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 company has a debt-to-equity ratio of 3.70, a quick ratio of 2.31 and a current ratio of 2.78. The stock has a 50 day simple moving average of $48.09 and a 200 day simple moving average of $38.42. Iridium Communications Inc has a 12-month low of $15.65 and a 12-month high of $57.18. The stock has a market cap of $5.16 billion, a P/E ratio of 55.35, a price-to-earnings-growth ratio of 4.05 and a beta of 0.88.

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

Iridium Communications Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IRDM. Van ECK Associates Corp grew its position in shares of Iridium Communications by 50.9% during the 2nd quarter. Van ECK Associates Corp now owns 2,270,799 shares of the technology company’s stock valued at $124,553,000 after purchasing an additional 766,171 shares in the last quarter. Braun Stacey Associates Inc. purchased a new stake in shares of Iridium Communications in the second quarter worth $16,231,000. Empowered Funds LLC purchased a new stake in shares of Iridium Communications in the second quarter worth $543,000. United Capital Financial Advisors LLC bought a new stake in Iridium Communications during the second quarter valued at $257,000. Finally, Centaurus Financial Inc. bought a new stake in Iridium Communications during the second quarter valued at $122,000. 84.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IRDM has been the topic of a number of analyst reports. New Street Research upgraded Iridium Communications from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 22nd. William Blair downgraded Iridium Communications from an “outperform” rating to a “hold” rating in a research note on Monday, June 29th. Oppenheimer lifted their target price on Iridium Communications from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Morgan Stanley lifted their target price on Iridium Communications from $26.00 to $54.00 and gave the company an “equal weight” rating in a report on Tuesday, June 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Iridium Communications in a report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $38.67.

Get Our Latest Analysis on Iridium Communications

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.