Insider Selling: L Barbee Iv Ponder Sells 8,043 Shares of Globalstar Stock (GSAT)
Globalstar (NASDAQ:GSAT) General Counsel L Barbee Iv Ponder sold 8,043 shares of Globalstar stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $4.02, for a total transaction of $32,332.86. Following the completion of the sale, the general counsel now directly owns 104,938 shares in the company, valued at approximately $421,851. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Globalstar (NASDAQ:GSAT) traded up 3.76% during mid-day trading on Monday, hitting $4.14. 3,948,708 shares of the company’s stock traded hands. Globalstar has a 52-week low of $2.33 and a 52-week high of $4.53. The stock has a 50-day moving average of $4.06 and a 200-day moving average of $3.59. The company’s market cap is $4.095 billion.
Globalstar (NASDAQ:GSAT) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.48) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.44. The company had revenue of $24.00 million for the quarter, compared to the consensus estimate of $21.67 million. On average, analysts predict that Globalstar will post $-0.80 earnings per share for the current fiscal year.
Separately, analysts at Chardan Capital reiterated a “buy” rating on shares of Globalstar in a research note on Tuesday, August 12th.
Globalstar, Inc (NASDAQ:GSAT) is a provider of mobile voice and data communications services globally via satellite.
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