Doron Kerbel Sells 7,500 Shares of Gilat Satellite Networks (NASDAQ:GILT) Stock

Gilat Satellite Networks Ltd. (NASDAQ:GILT) insider Doron Kerbel sold 7,500 shares of Gilat Satellite Networks stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $18.03, for a total transaction of $135,225.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Gilat Satellite Networks Price Performance

GILT stock opened at $16.81 on Wednesday. Gilat Satellite Networks Ltd. has a 1 year low of $5.30 and a 1 year high of $20.38. The firm has a 50-day moving average of $16.93 and a 200 day moving average of $14.24. The company has a market cap of $1.24 billion, a P/E ratio of 50.94 and a beta of 0.82.

Gilat Satellite Networks (NASDAQ:GILT) last posted its quarterly earnings data on Tuesday, February 10th. The communications equipment provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.07. Gilat Satellite Networks had a return on equity of 10.36% and a net margin of 4.59%.The business had revenue of $136.96 million for the quarter, compared to analysts’ expectations of $133.56 million. On average, equities research analysts expect that Gilat Satellite Networks Ltd. will post 0.5 earnings per share for the current fiscal year.

Key Headlines Impacting Gilat Satellite Networks

Here are the key news stories impacting Gilat Satellite Networks this week:

• Positive Sentiment: Reported decline in short interest: filings show short interest fell to about 1.82M shares as of Mar 13 (down ~32.9% vs. Feb 26), representing ~2.5% of shares and a ~2.5 days-to-cover — less short exposure can remove a headwind on the stock and reduce squeeze risk. (data from short-interest filings)
• Positive Sentiment: Product/market development — Gilat’s defense division will demo a cloud‑based virtualized satellite modem with Amazon Web Services, SES Space & Defense and the WAVE Consortium, highlighting potential for expanded defense/edge SATCOM revenue and strategic partnerships. Gilat Satellite Networks Announces Cloud-Based Virtualized Satellite Modem Demonstration with AWS
• Positive Sentiment: Institutional accumulation & analyst attention: recent filings and coverage notes show hedge funds boosting positions and analysts maintaining a mostly constructive stance (average target near $20); that institutional buying supports the rally and signals conviction from sophisticated investors. Assessing Gilat Satellite Networks Valuation After Its Virtualized Defense SATCOM Breakthrough
• Neutral Sentiment: Conflicting short-interest data entries: multiple reports across March contain inconsistent/zero/NaN short-interest figures — treat any headline citing “0” or NaN as data noise until official exchange-reported short-interest releases are confirmed. (multiple short-interest notices)
• Negative Sentiment: Insider selling: director/insider Doron Kerbel sold 7,500 shares on Mar 20 at ~$18.03 (~$135k). The size is modest relative to free float and recent institutional buys, but insider sales can create near-term headline pressure. Insider Selling: Gilat Satellite Networks Insider Sells 7,500 Shares

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GILT. Cullen Frost Bankers Inc. purchased a new stake in shares of Gilat Satellite Networks during the third quarter valued at approximately $26,000. Huntington National Bank raised its holdings in Gilat Satellite Networks by 200,000.0% in the 4th quarter. Huntington National Bank now owns 2,001 shares of the communications equipment provider’s stock worth $26,000 after acquiring an additional 2,000 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in Gilat Satellite Networks by 82.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 2,130 shares of the communications equipment provider’s stock valued at $28,000 after acquiring an additional 960 shares in the last quarter. USA Financial Formulas bought a new position in Gilat Satellite Networks in the 3rd quarter valued at approximately $39,000. Finally, Smartleaf Asset Management LLC purchased a new stake in Gilat Satellite Networks during the 4th quarter valued at $39,000. Institutional investors own 35.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on GILT shares. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Gilat Satellite Networks in a research report on Tuesday, February 10th. Freedom Capital raised shares of Gilat Satellite Networks from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Wall Street Zen lowered shares of Gilat Satellite Networks from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Gilat Satellite Networks in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.00.

About Gilat Satellite Networks

Gilat Satellite Networks is a leading provider of satellite-based broadband connectivity solutions, specializing in the design, development and deployment of ground segment equipment and network services. The company’s core offerings include Very Small Aperture Terminal (VSAT) modems and hub systems, network management software, and end-to-end satellite communication platforms. These technologies enable broadband Internet access, enterprise networking, and cellular backhaul in regions where terrestrial infrastructure is limited or non-existent.

Founded in 1987 and headquartered in Petah Tikva, Israel, Gilat has established a track record of innovation in satellite communications.