Clary Rebecca, an insider at Globalstar Inc (GSAT), sold 108,292 shares of the company's stock on December 16, 2025, at a price of $55.93 per share, totaling approximately $6.06 million. Following this transaction, Rebecca retains 108,292 shares in Globalstar.
Globalstar, headquartered in Covington, Louisiana, provides mobile satellite services, ensuring secure data transmission through its low Earth orbit (LEO) satellite constellation. The company caters to a diverse clientele, including consumers, businesses, and government agencies, by offering voice and data communications, as well as wholesale capacity services. As of December 16, 2025, Globalstar boasts a market capitalization of $8.8 billion and an earnings per share (EPS) of -0.31.
Insider selling can occur for various reasons, such as diversification or personal financial needs. While large or unusual sales may attract attention, routine transactions by insiders do not inherently signal negative sentiments regarding the company. Investors should consider insider activity as one data point among many when evaluating a company's prospects.
Insider transactions must be reported to the SEC, providing transparency into executives' and board members' views on their stock. However, a single insider's selling activity should not dictate investment decisions. Instead, examining patterns across multiple insiders and time periods can provide more meaningful insights into market sentiment.
Upcoming earnings for Globalstar are scheduled for May 6, 2026, with an estimated EPS of -0.07 and revenue of $71.4 million, followed by another report on August 5, 2026, with an estimated EPS of -0.03 and revenue of $73.6 million.