Clary Rebecca, an insider at Globalstar Inc (GSAT), sold 102,297 shares of the company on December 7, 2025, at a price of $67.88 per share. The total transaction value amounted to $6.94 million. Following this sale, Rebecca retains 102,297 shares in the company.
This transaction highlights the ongoing activity of insiders at Globalstar, which specializes in mobile satellite services, employing 389 full-time staff. The company, headquartered in Covington, Louisiana, operates a global satellite network that supports voice and data communications, as well as wholesale capacity services. Globalstar's low earth orbit satellite constellation is crucial for secure data transmission across various sectors, including consumer, business, and government.
As of December 4, 2025, Globalstar's market capitalization stood at $8.3 billion, with an earnings per share (EPS) of -0.31. The company anticipates upcoming earnings on May 6, 2026, with an estimated EPS of -0.07 and revenue of $71.4 million, followed by another report on August 5, 2026, projecting an EPS of -0.03 and revenue of $73.6 million.
Insider transactions are reported to the SEC, providing transparency regarding executives' and board members' stock activities. However, such sales should be considered within a broader context of insider activity and not as standalone indicators of company performance.