Today it was reported that the COO of Iridium Communications (NASDAQ: IRDM), Scott S. Smith, exercised options to sell 27,761 IRDM shares at $7.56 a share, for a total transaction value of $570.5K.
Following Scott S. Smith’s last IRDM Sell transaction on September 01, 2017, the stock climbed by 9.4%. In addition to Scott S. Smith, 4 other IRDM executives reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
Based on Iridium Communications’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $135 million and GAAP net loss of $4.41 million. In comparison, last year the company earned revenue of $112 million and had a net profit of $24.78 million. IRDM’s market cap is $2.29B and the company has a P/E ratio of 15.45. Currently, Iridium Communications has an average volume of 981.5K.
The insider sentiment on Iridium Communications has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
