Iridium Communications (NASDAQ:IRDM) EVP Timothy James Last Sells 19,521 Shares of Stock

Iridium Communications Inc (NASDAQ:IRDM) EVP Timothy James Last sold 19,521 shares of Iridium Communications stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $50.34, for a total value of $982,687.14. Following the transaction, the executive vice president owned 93,413 shares in the company, valued at $4,702,410.42. This trade represents a 17.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Iridium Communications Trading Down 0.7%

IRDM opened at $48.71 on Thursday. The stock has a market capitalization of $5.16 billion, a P/E ratio of 55.35, a P/E/G ratio of 3.96 and a beta of 0.88. Iridium Communications Inc has a 12 month low of $15.65 and a 12 month high of $57.18. The firm’s fifty day simple moving average is $48.15 and its 200 day simple moving average is $38.61. The company has a current ratio of 2.78, a quick ratio of 2.31 and a debt-to-equity ratio of 3.70.

Iridium Communications (NASDAQ:IRDM) last released its quarterly 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 firm had revenue of $225.24 million for the quarter, compared to analyst estimates of $220.32 million. During the same period last year, the company earned $0.20 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, research analysts anticipate that Iridium Communications Inc will post 0.95 EPS for the current fiscal year.

Iridium Communications Announces Dividend

The company also recently announced 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 is presently 68.18%.

Trending Headlines about Iridium Communications

Here are the key news stories impacting Iridium Communications this week:

• Positive Sentiment: Iridium recently declared a quarterly dividend of $0.15 per share, or $0.60 annualized, providing a 1.2% yield. The dividend may support investor interest, although the payout ratio is relatively high at 68.18%. Satellite stocks article
• Neutral Sentiment: Analyst views remain mixed. New Street Research upgraded IRDM to Buy, while William Blair moved to Hold and BWS Financial maintained a Sell rating. The consensus rating is Hold, with a $38.67 price target—well below the stock’s recent trading range—suggesting valuation concerns despite Iridium’s strong share-price appreciation over the past year. Iridium Communications analyst coverage
• Negative Sentiment: Company insiders collectively sold approximately 375,919 shares worth $18.9 million in transactions dated August 17–18, at prices between $49.20 and $50.51. The broad participation by executives and directors may be interpreted as profit-taking and is the clearest near-term negative catalyst for IRDM. SEC insider filing
• Negative Sentiment: Director Thomas Fitzpatrick accounted for the largest sale, disposing of 209,233 shares for about $10.5 million and reducing his reported ownership by 78.21%. Additional sales came from Suzanne McBride, Kathleen Morgan, EVP Timothy Last and CAO Timothy Kapalka, with each reducing their positions by roughly 17% to 27%. SEC director filing
• Negative Sentiment: Investor caution is amplified by Iridium’s demanding valuation—approximately 55 times earnings and nearly four times its PEG ratio—alongside its latest quarterly EPS miss. Revenue exceeded estimates and increased year over year, but earnings fell short of expectations, leaving the stock vulnerable to profit-taking after its strong run.

Hedge Funds Weigh In On Iridium Communications

Several institutional investors and hedge funds have recently made changes to their positions in IRDM. Vanguard Group Inc. grew its holdings in Iridium Communications by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 10,157,227 shares of the technology company’s stock valued at $176,533,000 after buying an additional 677,258 shares in the last quarter. Silver Heights Capital Management Inc lifted its holdings in shares of Iridium Communications by 1.2% during the fourth quarter. Silver Heights Capital Management Inc now owns 5,251,133 shares of the technology company’s stock worth $91,265,000 after buying an additional 61,430 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Iridium Communications by 130.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 396,642 shares of the technology company’s stock worth $7,044,000 after buying an additional 224,322 shares in the last quarter. Maxi Investments CY Ltd bought a new stake in shares of Iridium Communications in the fourth quarter valued at about $7,369,000. Finally, Edgestream Partners L.P. bought a new stake in shares of Iridium Communications in the first quarter valued at about $2,083,000. Institutional investors and hedge funds own 84.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on IRDM. Oppenheimer lifted their target price on Iridium Communications from $48.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Morgan Stanley increased their price target on Iridium Communications from $26.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. BWS Financial reaffirmed a “sell” rating and set a $16.00 price target on shares of Iridium Communications in a report on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Iridium Communications in a research report on Friday, July 10th. Finally, William Blair downgraded shares of Iridium Communications from an “outperform” rating to a “hold” rating in a report on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $38.67.

Iridium Communications Company Profile

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.