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

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

Iridium Communications Stock Down 0.7%

Shares of Iridium Communications stock opened at $48.71 on Thursday. Iridium Communications Inc has a 1-year low of $15.65 and a 1-year high of $57.18. The company has a market capitalization of $5.16 billion, a PE ratio of 55.35, a P/E/G ratio of 3.96 and a beta of 0.88. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.78 and a quick ratio of 2.31. The business has a 50-day moving average of $48.15 and a 200-day moving average of $38.61.

Iridium Communications (NASDAQ:IRDM) 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 business had revenue of $225.24 million during the quarter, compared to analysts’ expectations of $220.32 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts forecast that Iridium Communications Inc will post 0.95 EPS for the current fiscal year.

Iridium Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid 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 is Tuesday, September 15th. Iridium Communications’s payout ratio is 68.18%.

Hedge Funds Weigh In On Iridium Communications

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantinno Capital Management LP grew its position in shares of Iridium Communications by 3.1% during the second quarter. Quantinno Capital Management LP now owns 15,199 shares of the technology company’s stock worth $459,000 after acquiring an additional 461 shares during the last quarter. Empowered Funds LLC boosted its stake in Iridium Communications by 4.4% during the 4th quarter. Empowered Funds LLC now owns 11,350 shares of the technology company’s stock valued at $197,000 after purchasing an additional 478 shares during the period. GAMMA Investing LLC boosted its stake in Iridium Communications by 19.4% during the 2nd quarter. GAMMA Investing LLC now owns 3,023 shares of the technology company’s stock valued at $166,000 after purchasing an additional 491 shares during the period. Allworth Financial LP grew its position in Iridium Communications by 11.2% in the 4th quarter. Allworth Financial LP now owns 5,677 shares of the technology company’s stock worth $99,000 after purchasing an additional 572 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in Iridium Communications by 107.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,430 shares of the technology company’s stock worth $25,000 after purchasing an additional 741 shares during the last quarter. Institutional investors and hedge funds own 84.36% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on IRDM. Morgan Stanley increased their price target on shares of Iridium Communications from $26.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 30th. Oppenheimer lifted their target price on Iridium Communications from $48.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Iridium Communications in a research report on Friday, July 10th. William Blair downgraded shares of Iridium Communications from an “outperform” rating to a “hold” rating in a report on Monday, June 29th. Finally, New Street Research raised shares of Iridium Communications from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd. Three research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.67.

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.

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.