Moody’s downgrades Senegal to Caa1 amid rising debt concerns
Rebecca Clary, VP & Chief Financial Officer of Globalstar, Inc. (NASDAQ:GSAT), sold a total of 5,359 shares of the company’s voting common stock on September 15, 2025. The sales were executed in three separate transactions at prices ranging from $29.70 to $30.7825, netting approximately $159,456.
The transactions included a sale of 3,691 shares at $29.70, 1,538 shares at $29.8001, and 130 shares at $30.7825. Following these transactions, Clary directly owns 107,761 shares of Globalstar, which currently has a market capitalization of approximately $4 billion. According to InvestingPro, which offers 13 additional investment tips for GSAT, the company maintains strong liquidity with a current ratio of 2.81.
On September 9, Clary also acquired 9,524 shares of Globalstar’s voting common stock at no cost, as part of a performance share award that vested on that date. The company’s stock currently trades above its InvestingPro Fair Value, with analyst price targets ranging from $45 to $60 per share.
In other recent news, Globalstar, Inc. reported its second-quarter earnings for 2025, showcasing a notable increase in revenue alongside strategic advancements in product development and market expansion. The company also announced securing multiple government contracts expected to generate at least $60 million in revenue over the next five years. These contracts, which involve satellite-enabled software-defined communications, mark a significant step forward following a successful proof of concept with defense technology provider Parsons.
Additionally, Globalstar has begun expanding its ground station in Singapore, adding two 6-meter tracking antennas to support its third-generation C-3 mobile satellite system. This expansion builds on a long-standing partnership with Singtel and aims to enhance service offerings across Southeast Asia. These developments reflect Globalstar’s efforts to strengthen its market position and expand its technological capabilities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.