S. Scott Smith Sells 3,500 Shares of Iridium Communications Inc (IRDM) Stock

Share on StockTwits

Iridium Communications Inc (NASDAQ:IRDM) COO S. Scott Smith sold 3,500 shares of Iridium Communications stock in a transaction dated Monday, January 7th. The stock was sold at an average price of $19.17, for a total value of $67,095.00. Following the sale, the chief operating officer now directly owns 219,967 shares in the company, valued at $4,216,767.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

S. Scott Smith also recently made the following trade(s):

  • On Tuesday, December 31st, S. Scott Smith sold 3,500 shares of Iridium Communications stock. The stock was sold at an average price of $18.81, for a total value of $65,835.00.
  • On Monday, December 31st, S. Scott Smith sold 3,500 shares of Iridium Communications stock. The stock was sold at an average price of $18.81, for a total value of $65,835.00.
  • On Monday, December 24th, S. Scott Smith sold 3,500 shares of Iridium Communications stock. The stock was sold at an average price of $17.02, for a total value of $59,570.00.
  • On Monday, December 17th, S. Scott Smith sold 3,500 shares of Iridium Communications stock. The stock was sold at an average price of $19.64, for a total value of $68,740.00.
  • On Monday, December 3rd, S. Scott Smith sold 3,500 shares of Iridium Communications stock. The stock was sold at an average price of $24.08, for a total value of $84,280.00.
  • On Monday, November 26th, S. Scott Smith sold 3,500 shares of Iridium Communications stock. The stock was sold at an average price of $22.61, for a total value of $79,135.00.
  • On Monday, November 19th, S. Scott Smith sold 3,500 shares of Iridium Communications stock. The stock was sold at an average price of $21.51, for a total value of $75,285.00.
  • On Monday, November 12th, S. Scott Smith sold 3,500 shares of Iridium Communications stock. The stock was sold at an average price of $20.45, for a total value of $71,575.00.
  • On Monday, November 5th, S. Scott Smith sold 3,500 shares of Iridium Communications stock. The stock was sold at an average price of $20.67, for a total value of $72,345.00.
  • On Monday, October 29th, S. Scott Smith sold 3,500 shares of Iridium Communications stock. The stock was sold at an average price of $18.96, for a total value of $66,360.00.

Shares of Iridium Communications stock opened at $21.16 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.53 and a quick ratio of 1.46. The stock has a market capitalization of $2.20 billion, a P/E ratio of 30.23 and a beta of 2.15. Iridium Communications Inc has a fifty-two week low of $10.75 and a fifty-two week high of $24.35.

Iridium Communications (NASDAQ:IRDM) last announced its quarterly earnings data on Thursday, October 25th. The technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.06). The firm had revenue of $136.76 million during the quarter, compared to the consensus estimate of $128.32 million. Iridium Communications had a net margin of 26.88% and a return on equity of 1.01%. Equities research analysts anticipate that Iridium Communications Inc will post -0.2 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Sawtooth Solutions LLC bought a new stake in Iridium Communications in the third quarter valued at about $219,000. Cambridge Investment Research Advisors Inc. acquired a new position in Iridium Communications in the third quarter valued at approximately $219,000. Jane Street Group LLC acquired a new position in Iridium Communications in the second quarter valued at approximately $172,000. Allianz Asset Management GmbH acquired a new position in Iridium Communications in the third quarter valued at approximately $250,000. Finally, Private Wealth Partners LLC acquired a new position in Iridium Communications in the third quarter valued at approximately $270,000. 86.02% of the stock is owned by hedge funds and other institutional investors.

IRDM has been the topic of a number of analyst reports. BidaskClub lowered Iridium Communications from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 9th. Raymond James boosted their price objective on Iridium Communications from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, October 10th. Zacks Investment Research lowered Iridium Communications from a “hold” rating to a “strong sell” rating in a report on Saturday, October 27th. Finally, Barclays started coverage on Iridium Communications in a report on Tuesday, October 30th. They issued an “overweight” rating and a $26.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $21.35.

ILLEGAL ACTIVITY NOTICE: “S. Scott Smith Sells 3,500 Shares of Iridium Communications Inc (IRDM) Stock” was published by Zolmax and is the sole property of of Zolmax. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://zolmax.com/investing/s-scott-smith-sells-3500-shares-of-iridium-communications-inc-irdm-stock-5/2820488.html.

Iridium Communications Company Profile

Iridium Communications, Inc is a mobile voice and data satellite communications network. Its satellite network provides communication where terrestrial wireless or wireline networks do not exist or are limited. The company’s current principal lines of business include Land Mobile, Maritime, Aviation, and Government.

See Also: What is a stock split?

Insider Buying and Selling by Quarter for Iridium Communications (NASDAQ:IRDM)

Receive News & Ratings for Iridium Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iridium Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Village Farms International  Trading 20.4% Higher
Village Farms International Trading 20.4% Higher
Enablence Technologies  Trading Down 16.7%
Enablence Technologies Trading Down 16.7%
Q4 2019 EPS Estimates for Citizens Financial Group Inc  Lowered by Wedbush
Q4 2019 EPS Estimates for Citizens Financial Group Inc Lowered by Wedbush
Wynn Resorts, Limited Expected to Post FY2020 Earnings of $7.70 Per Share
Wynn Resorts, Limited Expected to Post FY2020 Earnings of $7.70 Per Share
UBS Group Reaffirms Buy Rating for Puma AG Rudolf Dassler Sport
UBS Group Reaffirms Buy Rating for Puma AG Rudolf Dassler Sport
Trevali Mining  Price Target Lowered to C$0.60 at National Bank Financial
Trevali Mining Price Target Lowered to C$0.60 at National Bank Financial


Leave a Reply

 
© 2006-2019 Zolmax.