---
title: "Globalstar (NYSE:GSAT) Trading 2.3% Higher  After Insider Buying Activity"
description: "Globalstar, Inc. (NYSE:GSAT) shares rose 2.3% to $1.98 following insider buying by Director James Monroe III, who purchased 1 million shares at an average price of $1.97. The stock's trading volume wa"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/223241755.md"
published_at: "2024-12-25T05:16:52.000Z"
---

# Globalstar (NYSE:GSAT) Trading 2.3% Higher  After Insider Buying Activity

> Globalstar, Inc. (NYSE:GSAT) shares rose 2.3% to $1.98 following insider buying by Director James Monroe III, who purchased 1 million shares at an average price of $1.97. The stock's trading volume was significantly lower than average. Analysts have upgraded Globalstar from a "sell" to a "hold" rating. The company has a market cap of $3.73 billion and a debt-to-equity ratio of 0.91. Institutional investors hold 18.89% of the stock, with notable increases in holdings from several firms in the third quarter.

Shares of Globalstar, Inc. (NYSE:GSAT - Get Free Report) rose 2.3% during trading on Tuesday following insider buying activity. The stock traded as high as $2.00 and last traded at $1.98. Approximately 5,631,519 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 18,954,704 shares. The stock had previously closed at $1.93.

Specifically, Director James Monroe III acquired 500,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average price of $1.97 per share, for a total transaction of $985,000.00. Following the completion of the transaction, the director now owns 9,834,090 shares of the company's stock, valued at approximately $19,373,157.30. This represents a 5.36 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Monroe III acquired 500,000 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $2.00 per share, with a total value of $1,000,000.00. Following the acquisition, the director now directly owns 8,834,090 shares of the company's stock, valued at $17,668,180. This represents a 6.00 % increase in their position. The disclosure for this purchase can be found here.

## Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Globalstar from a "sell" rating to a "hold" rating in a research report on Monday, November 11th.

**View Our Latest Stock Analysis on GSAT**

## Globalstar Stock Up 2.1 %

The company has a quick ratio of 0.99, a current ratio of 1.09 and a debt-to-equity ratio of 0.91. The firm has a market cap of $3.73 billion, a PE ratio of -65.67 and a beta of 1.10. The company's fifty day moving average is $1.96.

## Institutional Trading of Globalstar

A number of institutional investors and hedge funds have recently modified their holdings of GSAT. Dynamic Technology Lab Private Ltd bought a new stake in Globalstar during the 3rd quarter worth approximately $56,000. Sender Co & Partners Inc. bought a new position in Globalstar in the 3rd quarter worth $106,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Globalstar by 1,000.5% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 129,644 shares of the company's stock valued at $161,000 after acquiring an additional 117,864 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Globalstar by 26.4% in the third quarter. BNP Paribas Financial Markets now owns 328,298 shares of the company's stock valued at $407,000 after acquiring an additional 68,599 shares in the last quarter. Finally, XTX Topco Ltd grew its position in shares of Globalstar by 3,472.7% during the third quarter. XTX Topco Ltd now owns 976,353 shares of the company's stock worth $1,211,000 after purchasing an additional 949,025 shares in the last quarter. Institutional investors own 18.89% of the company's stock.

## About Globalstar

(Get Free Report)

GLOBALSTAR INC offers satellite voice and data services to commercial and recreational users in more than 120 countries around the world. Globalstar's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service.

## Read More

-   Five stocks we like better than Globalstar
-   What is a Secondary Public Offering? What Investors Need to Know
-   5 Reasons DraftKings Stock Looks Promising in the New Year
-   What is the Australian Securities Exchange (ASX)
-   Cybersecurity Stocks: 1 Immediate Buy and 1 Dip Opportunity
-   What Are Dividend Contenders? Investing in Dividend Contenders
-   The Next 2 AI Winners Have Triple-Digit Upside Potential

*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

→ Wall St. Icon: “If you wait on this, it will already be too late” (From InvestorPlace) (Ad)## Should you invest $1,000 in Globalstar right now?

Before you consider Globalstar, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Globalstar wasn't on the list.

While Globalstar currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

### Related Stocks

- [GSAT.US - Globalstar](https://longbridge.com/en/quote/GSAT.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 全球星（GSAT）：在股價經歷了一整年的強勁上漲後重新評估其估值 | 全球星 (GSAT) 的股價大幅上漲，過去一年翻了一番。投資者正在重新評估其估值，公允價值為 67.50 美元，表明其被低估了 6.3%。該公司正在擴展其 RM200 雙向模塊，提升了收入和利潤率。然而，挑戰包括較長的銷售週期和資本需求。全 | [Link](https://longbridge.com/en/news/270800939.md) |
| Penserra Capital Management LLC 減少了其在 Globalstar, Inc. $GSAT 的持股 | Penserra Capital Management LLC 在第三季度減少了對 Globalstar, Inc. (NASDAQ:GSAT) 的持股比例，下降了 9.8%，目前持有 439,038 股，出售了 47,483 股。其他投資 | [Link](https://longbridge.com/en/news/274983259.md) |
| 全球領先的科技公司成立了可信技術聯盟倡議 | 十五家來自非洲、亞洲、歐洲和北美的領先全球科技公司在慕尼黑安全會議上宣佈成立 “可信技術聯盟”（Trusted Tech Alliance，簡稱 TTA）。該聯盟旨在基於共同原則跨國合作，建立一個值得信賴的技術基礎，重點關注透明度、安全性和 | [Link](https://longbridge.com/en/news/276014782.md) |
| 投資者對 Globalstar Inc 的真實看法究竟如何？ | 全球星公司的空頭頭寸減少了 3.46%，目前有 362 萬股被賣空，佔可用股份的 7.26%。交易者平均需要 4.64 天來平倉他們的空頭頭寸。空頭頭寸是市場情緒的一個關鍵指標；減少表明市場前景更加樂觀。與同行相比，全球星的空頭頭寸為 7. | [Link](https://longbridge.com/en/news/271277373.md) |
| 全球星總法律顧問 Ponder L Barbee IV 報告出售普通股 | 全球星公司（Globalstar Inc.）的總法律顧問 Ponder L Barbee IV 報告了該公司普通股的出售。完整的文件可通過提供的鏈接獲取。此消息由公共技術公司生成，僅供信息參考，不應被視為財務、投資或法律建議。全球星公司於  | [Link](https://longbridge.com/en/news/271039006.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
