Today, the EVP-Government Programs of Iridium Communications (NASDAQ: IRDM), Scott Scheimreif, sold shares of IRDM for $435K.
Following Scott Scheimreif’s last IRDM Sell transaction on June 05, 2013, the stock climbed by 12.8%. In addition to Scott Scheimreif, 3 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 $2.22B and the company has a P/E ratio of 14.96. Currently, Iridium Communications has an average volume of 886.4K.
The insider sentiment on Iridium Communications has been negative according to 48 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. 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.
