Kathleen Morgan Sells 33,192 Shares of Iridium Communications (NASDAQ:IRDM) Stock

Iridium Communications Inc (NASDAQ:IRDM) insider Kathleen Morgan sold 33,192 shares of Iridium Communications stock in a transaction on Monday, August 17th. The shares were sold at an average price of $50.35, for a total value of $1,671,217.20. Following the sale, the insider directly owned 124,871 shares of the company’s stock, valued at $6,287,254.85. This represents a 21.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Iridium Communications Price Performance

Shares of NASDAQ IRDM opened at $48.45 on Friday. The stock’s 50-day simple moving average is $48.13 and its two-hundred day simple moving average is $38.81. Iridium Communications Inc has a twelve month low of $15.65 and a twelve month high of $57.18. The firm has a market capitalization of $5.13 billion, a P/E ratio of 55.06, a P/E/G ratio of 3.93 and a beta of 0.88. The company has a quick ratio of 2.31, a current ratio of 2.78 and a debt-to-equity ratio of 3.70.

Iridium Communications (NASDAQ:IRDM) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.19). The business had revenue of $225.24 million for the quarter, compared to the consensus estimate of $220.32 million. Iridium Communications had a net margin of 10.55% and a return on equity of 22.57%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. As a group, equities analysts anticipate that Iridium Communications Inc will post 0.95 EPS for the current fiscal year.

Iridium Communications Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.60 annualized dividend and a yield of 1.2%. Iridium Communications’s payout ratio is presently 68.18%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on IRDM shares. Weiss Ratings restated a “hold (c)” rating on shares of Iridium Communications in a research report on Friday, July 10th. Raymond James Financial reissued a “market perform” rating on shares of Iridium Communications in a research note on Friday, April 24th. New Street Research upgraded Iridium Communications from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 22nd. BWS Financial reaffirmed a “sell” rating and set a $16.00 price target on shares of Iridium Communications in a research note on Monday, April 27th. Finally, William Blair cut Iridium Communications from an “outperform” rating to a “hold” rating in a report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Iridium Communications has a consensus rating of “Hold” and an average target price of $38.67.

Institutional Investors Weigh In On Iridium Communications

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Iridium Communications in the second quarter worth $737,587,000. Millennium Management LLC grew its stake in shares of Iridium Communications by 265.8% during the third quarter. Millennium Management LLC now owns 3,039,731 shares of the technology company’s stock valued at $53,074,000 after buying an additional 2,208,857 shares during the last quarter. Gotham Asset Management LLC increased its holdings in shares of Iridium Communications by 651.1% in the fourth quarter. Gotham Asset Management LLC now owns 2,309,750 shares of the technology company’s stock worth $40,143,000 after buying an additional 2,002,232 shares during the period. Man Group plc increased its holdings in shares of Iridium Communications by 226.3% in the third quarter. Man Group plc now owns 2,012,077 shares of the technology company’s stock worth $35,131,000 after buying an additional 1,395,485 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Iridium Communications in the 2nd quarter valued at about $62,751,000. Hedge funds and other institutional investors own 84.36% of the company’s stock.

Iridium Communications News Summary

Here are the key news stories impacting Iridium Communications this week:

• Positive Sentiment: Rocket Lab’s chief executive reportedly discussed an $8 billion Iridium deal, potentially renewing investor interest in strategic or merger-related activity involving Iridium Communications. However, the report does not establish that a transaction has been agreed to or is under consideration by Iridium. Rocket Lab CEO Says $8 Billion Iridium Deal
• Positive Sentiment: Iridium recently declared a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a yield of approximately 1.2%. The payout may support income-oriented demand, although the 68.18% payout ratio leaves less room for rapid dividend growth. Satellite Stocks Driving Industry Growth
• Neutral Sentiment: Analyst sentiment remains mixed, with the consensus rating at Hold. While some analysts have raised price targets, the reported average target of $38.67 is below recent trading levels, highlighting valuation concerns after IRDM’s strong run.
• Negative Sentiment: Insiders sold approximately 375,919 shares worth $18.9 million in transactions dated August 17–18. The sales included executives and directors, making the breadth of the activity a notable near-term confidence signal for investors. Iridium Insider Selling Report
• Negative Sentiment: Director Thomas Fitzpatrick made the largest sale, disposing of 209,233 shares for roughly $10.5 million and reducing his reported stake by 78.21%. Other sales included significant reductions by Suzanne McBride, Kathleen Morgan, Timothy Last and Timothy Kapalka.
• Negative Sentiment: SpaceX completed its 100th launch of 2026 and pushed Starlink beyond 11,000 satellites. The expanding constellation intensifies competition in satellite connectivity and could pressure investor perceptions of Iridium’s long-term growth prospects. Starlink Passes 11,000 Satellites
• Negative Sentiment: Iridium’s approximately 55-times earnings valuation and most recent quarterly EPS miss leave the stock vulnerable to profit-taking, even though quarterly revenue exceeded estimates and rose 3.8% year over year.

About Iridium Communications

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.