<div id="readability-page-1"><p>Globalstar, Inc. (NASDAQ:GSAT - Get Free Report) General Counsel L Barbee Iv Ponder sold 420 shares of the firm's stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $63.01, for a total transaction of $26,464.20. Following the completion of the transaction, the general counsel owned 136,828 shares in the company, valued at approximately $8,621,532.28. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.</p><p>L Barbee Iv Ponder also recently made the following trade(s): </p><ul><li>On Monday, December 8th, L Barbee Iv Ponder sold 1,221 shares of Globalstar stock. The shares were sold at an average price of $67.88, for a total transaction of $82,881.48. </li><li>On Monday, November 17th, L Barbee Iv Ponder sold 9,790 shares of Globalstar stock. The stock was sold at an average price of $58.32, for a total transaction of $570,952.80. </li><li>On Wednesday, November 12th, L Barbee Iv Ponder sold 56 shares of Globalstar stock. The stock was sold at an average price of $61.34, for a total transaction of $3,435.04. </li></ul><h2>Globalstar Stock Performance</h2><p>Shares of NASDAQ:GSAT traded up $4.38 during trading on Monday, hitting $66.63. 690,153 shares of the company traded hands, compared to its average volume of 903,692. The company has a quick ratio of 2.46, a current ratio of 2.53 and a debt-to-equity ratio of 1.33. The business's fifty day moving average is $56.20 and its 200-day moving average is $38.40. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of -144.85 and a beta of 1.08. Globalstar, Inc. has a one year low of $17.24 and a one year high of $74.88. </p><p>Globalstar (NASDAQ:GSAT - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. Globalstar had a negative return on equity of 3.67% and a negative net margin of 21.07%.The business had revenue of $73.85 million for the quarter. During the same period last year, the business posted $0.06 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. </p><h2>Hedge Funds Weigh In On Globalstar</h2><p>Large investors have recently made changes to their positions in the business. US Bancorp DE grew its stake in shares of  Globalstar by 610.7% in the 3rd quarter. US Bancorp DE now owns 931 shares of the company's stock worth $34,000 after purchasing an additional 800 shares during the last quarter.  Fortitude Family Office LLC bought a new stake in  Globalstar during the third quarter worth approximately $37,000.  Advisory Services Network LLC bought a new stake in  Globalstar during the third quarter worth approximately $40,000.  Dakota Community Bank &amp; Trust NA acquired a new position in  Globalstar in the third quarter worth approximately $46,000.  Finally, CWM LLC increased its holdings in shares of  Globalstar by 100.6% in the third quarter. CWM LLC now owns 1,324 shares of the company's stock valued at $48,000 after buying an additional 664 shares in the last quarter. Institutional investors own  18.89% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several research firms have recently commented on GSAT. Weiss Ratings  restated a &#34;sell (d-)&#34; rating on shares of Globalstar in a research report on Monday, December 15th. B. Riley boosted their target price on shares of Globalstar from $60.00 to $75.00 and gave the company a &#34;buy&#34; rating in a research note on Monday, November 10th. Zacks Research lowered shares of Globalstar from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Globalstar in a report on Tuesday, December 16th. They set a &#34;hold&#34; rating and a $62.00 price target on the stock. One investment analyst  has rated the stock with a Buy rating, two have assigned  a Hold rating and one  has assigned  a Sell rating to the company's stock. According to data from MarketBeat.com, Globalstar presently has an average rating of &#34;Hold&#34; and an average price target of $68.50.</p><p><b>View Our Latest Report on Globalstar</b></p><h2>Globalstar Company Profile</h2> (Get Free Report)<p>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.  </p><p>Founded in 1991 as a joint venture between Loral and Qualcomm, Globalstar launched its first fleet of 48 satellites between 1998 and 2000.</p><h2>See Also</h2><ul><li>Five stocks we like better than Globalstar</li><li>Wall Street Stock picker Names #1 Stock of 2026</li><li>Do not delete, read immediately</li><li>How Long Will $1M Last in Retirement?</li><li>Nvidia CEO Issues Bold Tesla Call</li><li>GOLD ALERT</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R1NBVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/InsiderTradesChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R1NBVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Globalstar Right Now?</h2><p>Before you consider Globalstar, you'll want to hear this.</p><p>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.</p><p>While Globalstar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

GSAT

<p>Globalstar's General Counsel L Barbee Iv Ponder sold 420 shares at $63.01 each, totaling $26,464.20. This reduced his ownership by 0.31%. The stock traded at $66.63, up $4.38, with a market cap of $8.45 billion. Analysts have mixed ratings, with an average price target of $68.50.</p>

L Barbee Iv Ponder Sells 420 Shares of Globalstar (NASDAQ:GSAT) Stock