Iridium Communications Inc
NASDAQ:IRDM
During the last 3 months Iridium Communications Inc insiders have not bought any shares, and sold 1m USD worth of shares. The stock price has dropped by 19% over this period (open performance analysis).
The last transaction was made on
Feb 18, 2025
by
Morgan Kathleen A.
(Vice President, Legal and Contracts)
, who
sold
503.9k USD
worth of IRDM shares.
During the last 3 months Iridium Communications Inc insiders have not bought any shares, and sold 1m USD worth of shares. The stock price has dropped by 19% over this period (open performance analysis).
The last transaction was made on
Feb 18, 2025
by
Morgan Kathleen A.
(Vice President, Legal and Contracts)
, who
sold
503.9k USD
worth of IRDM shares.
Iridium Communications Inc
Glance View
In the ever-expanding realm of global communications, Iridium Communications Inc. stands as a unique player, weaving connectivity across the most remote corners of the world. Born from the audacious idea of Motorola in the late 1980s, Iridium has grown into a pivotal satellite communications provider, distinguished by its robust network. Comprising a constellation of 66 cross-linked low Earth orbit (LEO) satellites, the company offers an uninterrupted satellite phone service that blankets the planet, excluding the occasional blind spot near the poles. This capability ensures that whether on a tumultuous sea, a distant mountain, or an isolated desert, connectivity remains unyielding for those who require it. The company's business model is built around offering reliable voice and data solutions, primarily catering to industries that operate beyond the reach of conventional telecom infrastructure. From maritime and aviation to government and military sectors, Iridium provides essential communication services that facilitate operations in challenging environments. Their revenue streams are diverse, encompassing not only direct subscriber services but also lucrative partnerships with value-added resellers and technology integrators, who customize Iridium’s solutions for specific applications. This, combined with their commitment to innovation and recent forays into the burgeoning Internet of Things (IoT) market, positions Iridium as a vital cog in the intricate machinery of global connectivity.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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