Ponder L Barbee IV, an insider at Globalstar Inc (GSAT), executed a sale of 135,568 shares on December 28, 2025, at a price of $61.42 per share, totaling $8.33 million. Following this transaction, Barbee retains an equal number of shares in the company.
Globalstar, based in Covington, Louisiana, provides mobile satellite services, including voice and data communications through its global satellite network. The company operates with a market capitalization of $8.5 billion and reported a trailing twelve-month earnings per share (EPS) of -0.31.
Insider selling can occur for various reasons, including diversification and personal financial needs. While significant selling activity may attract investor attention, it does not inherently signal negative sentiment toward the company. Investors are advised to consider insider transactions as one of many factors in their evaluations, rather than relying on isolated events.
Such decisions reflect individual financial strategies and should be viewed within the broader context of insider activities over time. Globalstar is scheduled to report its upcoming earnings on May 6, 2026, with an estimated EPS of -0.02 and revenue of $74.7 million, followed by another report on August 5, 2026, projecting an EPS of $0.01 and revenue of $73.9 million.