Timothy James Last Sells 19,521 Shares of Iridium Communications (NASDAQ:IRDM) Stock

Iridium Communications Inc (NASDAQ:IRDM) EVP Timothy James Last sold 19,521 shares of Iridium Communications stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $50.34, for a total value of $982,687.14. Following the completion of the transaction, the executive vice president owned 93,413 shares in the company, valued at approximately $4,702,410.42. This represents a 17.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Iridium Communications Trading Down 0.5%

Shares of IRDM stock opened at $48.45 on Friday. The business has a 50-day moving average of $48.13 and a 200 day moving average of $38.81. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.78 and a quick ratio of 2.31. Iridium Communications Inc has a 1-year low of $15.65 and a 1-year high of $57.18. The stock has a market capitalization of $5.13 billion, a PE ratio of 55.06, a P/E/G ratio of 3.93 and a beta of 0.88.

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

Iridium Communications Announces Dividend

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

More Iridium Communications News

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.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on IRDM shares. William Blair cut shares of Iridium Communications from an “outperform” rating to a “hold” rating in a research report on Monday, June 29th. New Street Research upgraded shares of 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 objective on shares of Iridium Communications in a research note on Monday, April 27th. Oppenheimer increased their target price on shares of Iridium Communications from $48.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, Raymond James Financial reissued a “market perform” rating on shares of Iridium Communications in a research note on Friday, April 24th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.67.

Institutional Investors Weigh In On Iridium Communications

Several hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in Iridium Communications by 107.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,430 shares of the technology company’s stock worth $25,000 after purchasing an additional 741 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Iridium Communications by 392.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company’s stock valued at $26,000 after buying an additional 1,202 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Iridium Communications during the 4th quarter valued at $27,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Iridium Communications in the 3rd quarter worth about $32,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Iridium Communications by 10,363.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,988 shares of the technology company’s stock worth $35,000 after buying an additional 1,969 shares during the period. 84.36% of the stock is currently owned by institutional investors.

Iridium Communications Company Profile

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.