Globalstar Sees Unusually Large Options Volume (NASDAQ:GSAT)

10 Apr 2026, 11:38 by Teresa Graham · The Cerbat Gem

Globalstar, Inc. (NASDAQ:GSAT – Get Free Report) was the target of unusually large options trading activity on Friday. Stock traders acquired 9,963 put options on the company. This is an increase of approximately 224% compared to the typical daily volume of 3,074 put options.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Globalstar in a research report on Tuesday, December 16th. They issued a “hold” rating and a $62.00 target price for the company. Craig Hallum reiterated a “buy” rating and issued a $70.00 target price on shares of Globalstar in a research report on Monday, March 2nd. Zacks Research upgraded shares of Globalstar from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Globalstar in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $69.00.

Check Out Our Latest Analysis on GSAT

Insider Buying and Selling

In related news, CEO Paul E. Jacobs sold 714 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $59.56, for a total value of $42,525.84. Following the sale, the chief executive officer owned 67,032 shares of the company’s stock, valued at $3,992,425.92. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rebecca Clary sold 762 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $57.31, for a total transaction of $43,670.22. Following the completion of the sale, the chief financial officer directly owned 110,254 shares in the company, valued at approximately $6,318,656.74. This trade represents a 0.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,154 shares of company stock valued at $238,045 in the last quarter. Company insiders own 61.00% of the company’s stock.

Hedge Funds Weigh In On Globalstar

Several large investors have recently made changes to their positions in GSAT. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Globalstar during the 4th quarter valued at about $26,000. Meeder Asset Management Inc. bought a new position in shares of Globalstar during the 4th quarter valued at about $27,000. US Bancorp DE boosted its position in shares of Globalstar by 610.7% during the 3rd quarter. US Bancorp DE now owns 931 shares of the company’s stock valued at $34,000 after purchasing an additional 800 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of Globalstar during the 3rd quarter valued at about $37,000. Finally, Advisory Services Network LLC bought a new position in shares of Globalstar during the 3rd quarter valued at about $40,000. Institutional investors own 18.89% of the company’s stock.

Globalstar Price Performance

Shares of NASDAQ:GSAT traded up $2.26 during trading hours on Friday, hitting $75.39. 459,855 shares of the company’s stock traded hands, compared to its average volume of 804,010. Globalstar has a 52 week low of $17.24 and a 52 week high of $78.30. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.37 and a current ratio of 2.42. The company’s fifty day simple moving average is $62.03 and its two-hundred day simple moving average is $57.84. The company has a market cap of $9.69 billion, a price-to-earnings ratio of -502.58, a price-to-earnings-growth ratio of 122.30 and a beta of 1.46.

About Globalstar

(Get Free Report)

Globalstar, Inc is a leading provider of mobile satellite voice and data communications services. Through a network of low Earth orbit (LEO) satellites, the company delivers reliable satellite connectivity to users in remote or underserved regions where terrestrial networks are unavailable or unreliable. Its product portfolio includes satellite phones, two-way satellite data modems and Internet of Things (IoT) devices designed for tracking, monitoring and emergency notification.