EchoStar corp COO, Hughes, sells $3.6m in shares

Published 10/09/2025, 23:26
EchoStar corp COO, Hughes, sells $3.6m in shares

EchoStar CORP (NASDAQ:SATS) Chief Operating Officer of HUGHES, Paul Gaske, sold 45,000 shares of Class A Common Stock on September 8, 2025, at a price of $80.25, totaling $3.6 million. The sale comes as the stock trades near its 52-week high of $85.37, having delivered an impressive 271% return over the past year. According to InvestingPro analysis, the stock appears overvalued with a high EBITDA multiple of 35x.

On the same day, Gaske also exercised options to acquire 45,000 shares of EchoStar’s Class A Common Stock at $14.04, for a total value of $631,800. Following these transactions, Gaske directly owns 1,593 shares of the company’s Class A Common Stock and indirectly owns 750 shares through a 401(k). He also holds options to purchase 23,520 shares. For deeper insights into insider trading patterns and 16 additional key metrics, check out the comprehensive research available on InvestingPro.

In other recent news, EchoStar Corporation has made headlines with its agreement to sell its AWS-4 and H-block spectrum licenses to SpaceX for approximately $17 billion. The transaction includes up to $8.5 billion in cash and up to $8.5 billion in SpaceX stock, marking a significant move in the telecommunications sector. EchoStar’s decision to sell these assets comes alongside SpaceX’s commitment to fund approximately $2 billion in cash interest payments on EchoStar’s debt through November 2027. Meanwhile, MDA Space Ltd faced a setback as RBC Capital lowered its price target to C$45.00 from C$53.00 following the termination of a C$1.8 billion satellite contract with EchoStar. This contract cancellation was attributed to a shift in EchoStar’s business strategy. In related developments, S&P Global Ratings revised AT&T Inc.’s outlook to stable from positive due to an anticipated increase in leverage from a proposed $23 billion spectrum purchase from EchoStar. This acquisition is expected to increase AT&T’s adjusted leverage to between 3.6x and 3.7x by 2026. These developments highlight significant shifts and strategic decisions within the telecommunications industry.

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