New insider activity at Globalstar ( (GSAT) ) has taken place on October 16, 2025.
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Rebecca Clary, the Vice President and Chief Financial Officer of Globalstar, recently executed a notable transaction by selling 4,333 shares of the company’s stock. This sale amounted to a significant total of $192,515, reflecting a strategic financial decision by the executive.
Recent Updates on GSAT stock
Globalstar has seen significant developments recently, with its stock experiencing notable price movements. The company announced plans to double the size of its earth station in Estonia, which is expected to enhance its mobile satellite system capabilities. This expansion involves an investment of approximately $9 million. Analyst Greg Pendy from Clear Street initiated coverage with a positive outlook, citing Globalstar’s hybrid investment potential due to its de-risked satellite business supported by Apple and its valuable terrestrial wireless spectrum asset. The anticipated growth in the satellite internet of things market, projected to reach $4.9 billion by 2030, further supports this positive sentiment. Despite these developments, there was a heavy and directionally bearish put volume, indicating some market caution ahead of the company’s upcoming earnings report on November 6th.
Spark’s Take on GSAT Stock
According to Spark, TipRanks’ AI Analyst, GSAT is a Neutral.
Globalstar’s stock score is driven by a mixed financial performance with positive revenue growth but concerns over profitability and leverage. Technical indicators show a bullish trend, while valuation metrics highlight potential overvaluation. The earnings call provided an optimistic outlook with strategic partnerships and growth in the IoT sector.
To see Spark’s full report on GSAT stock, click here.
More about Globalstar
YTD Price Performance: 43.54%
Average Trading Volume: 1,037,532
Technical Sentiment Signal: Buy
Current Market Cap: $5.65B