--- title: "Insider Selling: Gilat Satellite Networks (NASDAQ:GILT) Director Sells 3,923 Shares of Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/295411962.md" description: "Gilat Satellite Networks Director Amir Yechiel Ofek sold 3,923 shares on August 6 at an average price of $11.41, totaling $44,761.43. The transaction was disclosed via SEC filing. Meanwhile, institutional investors including Huntington National Bank and SBI Securities increased their stakes in the fourth quarter. Analysts maintain a 'Moderate Buy' rating with an average target price of $20.00." datetime: "2026-08-10T13:07:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295411962.md) - [en](https://longbridge.com/en/news/295411962.md) - [zh-HK](https://longbridge.com/zh-HK/news/295411962.md) generator: "portal-rs" --- # Insider Selling: Gilat Satellite Networks (NASDAQ:GILT) Director Sells 3,923 Shares of Stock Gilat Satellite Networks Ltd. (NASDAQ:GILT - Get Free Report) Director Amir Yechiel Ofek sold 3,923 shares of the company's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $11.41, for a total value of $44,761.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. ## Gilat Satellite Networks Stock Performance - Buy the Dip: Top Tech Stocks Analysts Say Are Undervalued Shares of GILT opened at $11.23 on Monday. The stock has a 50-day moving average of $12.64 and a two-hundred day moving average of $15.53. Gilat Satellite Networks Ltd. has a one year low of $8.52 and a one year high of $20.93. The stock has a market cap of $829.11 million, a P/E ratio of 25.52 and a beta of 1.06. Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The communications equipment provider reported $0.20 earnings per share for the quarter. Gilat Satellite Networks had a return on equity of 10.12% and a net margin of 6.21%.The business had revenue of $122.66 million for the quarter. Analysts predict that Gilat Satellite Networks Ltd. will post 0.53 EPS for the current fiscal year. ## Institutional Inflows and Outflows - Gilat Satellite Stock Downdraft is an Opportunity Institutional investors have recently bought and sold shares of the stock. Huntington National Bank boosted its position in Gilat Satellite Networks by 200,000.0% in the 4th quarter. Huntington National Bank now owns 2,001 shares of the communications equipment provider's stock worth $26,000 after purchasing an additional 2,000 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Gilat Satellite Networks by 82.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,130 shares of the communications equipment provider's stock worth $28,000 after purchasing an additional 960 shares during the period. Smartleaf Asset Management LLC purchased a new position in shares of Gilat Satellite Networks during the 4th quarter valued at approximately $39,000. Summit Securities Group LLC purchased a new position in shares of Gilat Satellite Networks during the 1st quarter valued at approximately $48,000. Finally, Signaturefd LLC lifted its stake in shares of Gilat Satellite Networks by 104.5% in the 4th quarter. Signaturefd LLC now owns 4,120 shares of the communications equipment provider's stock valued at $53,000 after purchasing an additional 2,105 shares during the period. 35.72% of the stock is currently owned by hedge funds and other institutional investors. ## Wall Street Analysts Forecast Growth GILT has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and set a $20.00 price target on shares of Gilat Satellite Networks in a research report on Tuesday, June 16th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Gilat Satellite Networks in a report on Thursday, June 18th. Finally, Zacks Research lowered shares of Gilat Satellite Networks from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $20.00. **Get Our Latest Stock Report on Gilat Satellite Networks** ## Gilat Satellite Networks Company Profile (Get Free Report) Gilat Satellite Networks is a leading provider of satellite-based broadband connectivity solutions, specializing in the design, development and deployment of ground segment equipment and network services. The company's core offerings include Very Small Aperture Terminal (VSAT) modems and hub systems, network management software, and end-to-end satellite communication platforms. These technologies enable broadband Internet access, enterprise networking, and cellular backhaul in regions where terrestrial infrastructure is limited or non-existent. Founded in 1987 and headquartered in Petah Tikva, Israel, Gilat has established a track record of innovation in satellite communications. ## Featured Articles - Five stocks we like better than Gilat Satellite Networks - 3 Major Earnings Winners You May Have Missed - AI Data Centers Are Splitting Winners From Pretenders in Infrastructure Stocks - 3 of the Market's Most-Upgraded Tech Stocks Right Now - Albemarle’s Blowout Quarter Shows Why Lithium Still Matters *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.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Gilat Satellite Networks Right Now? Before you consider Gilat Satellite Networks, 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 Gilat Satellite Networks wasn't on the list. While Gilat Satellite Networks currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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