IRDM Logo

Iridium Communications Inc. (IRDM) 

NASDAQ
Market Cap
$3.22B
Sector
Communication Services
Industry
Telecommunications Services
Rank in Sector
25 of 129
Rank in Industry
8 of 29

Largest Insider Buys in Sector

IRDM Stock Price History Chart

IRDM Stock Performance

About Iridium Communications Inc.

Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide. The company offers postpaid mobile voice and data satellite communications; prepaid mobile voice satellite communications; push-to-talk; broadband data; and Internet of Things (IoT) services. It also provides hosted payload and other data services, such as satellite time and location services, and inbound connections from the public switched telephone network, short message, subscriber identity module, activation, customer reactivation, and other peripheral services. In addition, the company offers voice and data solutions comprising personnel tracking devices; asset tracking devices for equipment, vehicles, and aircrafts; beyond-line-of-sight aircraft communications applications; maritime communications applications; specialized communications solutions for high-value individuals; mobile communications and data devices for the military and intelligence agencies, such as secure satellite handsets, as well as netted voice, messaging, and paging services; and maintenance services for the United States government's dedicated gateway. Further, it provides satellite handsets, personal connectivity devices, voice and data modems, broadband data devices, and IoT data devices; various accessories for its devices that include batteries, holsters, earbud headphones, portable auxiliary antennas, antenna adaptors, USB data cables, charging units, and others; and engineering and support services. Iridium Communications Inc. sells its products and services to commercial end users through a wholesale distribution network that include service providers, and value-added resellers and manufacturers. The company was formerly known as Iridium Holdings LLC and changed its name to Iridium Communications Inc. in September 2009. Iridium Communications Inc. was founded in 2000 and is headquartered in McLean, Virginia.

Insider Activity of Iridium Communications Inc.

Over the last 12 months, insiders at Iridium Communications Inc. have bought $1.04M and sold $107,901 worth of Iridium Communications Inc. stock.

On average, over the past 5 years, insiders at Iridium Communications Inc. have bought $566,578 and sold $29.06M worth of stock each year.

Highest buying activity among insiders over the last 12 months: DESCH MATTHEW J (Chief Executive Officer) — $2.07M.

The last purchase of 28,000 shares for transaction amount of $1.04M was made by DESCH MATTHEW J (Chief Executive Officer) on 2023‑11‑20.

List of Insider Buy and Sell Transactions, Iridium Communications Inc.

2024-03-06SaleHarman Jane L.director
3,798
0.0031%
$28.41$107,901-0.90%
2023-11-20PurchaseDESCH MATTHEW JChief Executive Officer
28,000
0.0227%
$37.01$1.04M-18.00%
2023-05-03SaleHartin Bryan J.EVP-Sales and Marketing
27,835
0.022%
$64.80$1.8M-37.71%
2023-05-01SaleNIEHAUS ROBERT Hdirector
55,776
0.044%
$63.69$3.55M-36.11%
2023-04-25SaleHartin Bryan J.EVP-Sales and Marketing
8,129
0.0066%
$66.01$536,595-36.88%
2023-03-16SaleMcBride Suzanne E.Chief Operations Officer
7,512
0.0059%
$60.73$456,204-21.67%
2023-03-14SaleWEST BARRYdirector
4,564
0.0035%
$60.50$276,122-22.73%
2023-03-13SaleScheimreif ScottEVP-Government Programs
96,348
0.0762%
$59.79$5.76M-18.90%
2023-03-03SaleMcBride Suzanne E.Chief Operations Officer
2,000
0.0016%
$61.85$123,700-22.39%
2023-03-02SaleMcBride Suzanne E.Chief Operations Officer
4,669
0.0036%
$60.65$283,175-21.25%
2023-02-27SaleCanfield Thomas Cdirector
10,036
0.0079%
$61.03$612,497-19.68%
2023-02-23SaleNIEHAUS ROBERT Hdirector
35,000
0.0274%
$62.84$2.2M-22.59%
2023-02-22SaleDESCH MATTHEW JChief Executive Officer
100,058
0.0787%
$62.82$6.29M-22.10%
2023-02-22SaleNIEHAUS ROBERT Hdirector
35,000
0.0275%
$62.80$2.2M-22.10%
2023-02-22SaleFITZPATRICK THOMASChief Financial Officer
181
0.0001%
$64.00$11,584-22.10%
2023-02-22SaleWEST BARRYdirector
10,900
0.0086%
$62.88$685,392-22.10%
2023-02-22SaleSchliemann Henrik O.director
4,500
0.0036%
$63.16$284,233-22.10%
2023-02-22SaleMorgan Kathleen A.Chief Legal Officer
5,069
0.004%
$63.15$320,103-22.10%
2023-01-12SaleDESCH MATTHEW JChief Executive Officer
30,067
0.0233%
$60.07$1.81M-4.88%
2023-01-11SaleDESCH MATTHEW JChief Executive Officer
8,922
0.0071%
$59.99$535,231-1.92%

Insider Historical Profitability

1.32%
DESCH MATTHEW JChief Executive Officer
706912
0.5708%
$26.501031+5.44%
Harman Jane L.director
60517
0.0494%
$26.5001
Baralonco Ltd10 percent owner
13099230
10.5766%
$26.50121+6.75%
GREENHILL & CO INC
1813387
1.4642%
$26.500369
BOK SCOTT Ldirector
1160336
0.9369%
$26.50210<0.0001%
JONES TERRY Ldirector
572856
0.4625%
$26.5014
Morrison Eric HenryChief Financial Officer
280218
0.2263%
$26.5010
Ewert Gregory C.EVP, Iridium Satellite LLC
277791
0.2243%
$26.5010
NIEHAUS ROBERT Hdirector
246874
0.1993%
$26.50108<0.0001%
Smith S. Scottdirector
235445
0.1901%
$26.50229<0.0001%
Canfield Thomas Cdirector
190587
0.1539%
$26.5097+11.65%
Rush Parker Williamdirector
162681
0.1314%
$26.5012+5.26%
FITZPATRICK THOMASChief Financial Officer
147406
0.119%
$26.50213<0.0001%
Hickey Thomas DChief Legal Officer, Secretary
144471
0.1166%
$26.5007
Thoma Donald LeeEVP, Iridium Satellite LLC
144365
0.1166%
$26.5011
Scheimreif ScottEVP-Government Programs
138637
0.1119%
$26.5009
McBride Suzanne E.Chief Operations Officer
127739
0.1031%
$26.5006
Krongard A Bdirector
116851
0.0943%
$26.5062+10.28%
PFEIFFER STEVEN B
111487
0.09%
$26.5002
Hartin Bryan J.EVP-Sales and Marketing
65101
0.0526%
$26.50010
WEST BARRYdirector
52455
0.0424%
$26.5014+37.43%
Schliemann Henrik O.director
51176
0.0413%
$26.5002
Morgan Kathleen A.Chief Legal Officer
34587
0.0279%
$26.5004
LIU JOHN DChief Financial Officer
32500
0.0262%
$26.5010
Campbell John HowardEVP, Iridium Satellite LLC
29642
0.0239%
$26.5010
Nyren Richard PVP-Iridium Satellite LLC
15807
0.0128%
$26.5011<0.0001%
Kapalka TimothyCAO Iridium Satellite LLC
15504
0.0125%
$26.50016
Roddy John MichaelEVP, Iridium Satellite LLC
10881
0.0088%
$26.5001
FRAZIER LEON ANTHONYdirector
6642
0.0054%
$26.5010+4.54%

Institutional Investor Ownership

Top Shareholders
Top Buyers
Top Sellers
New Shareholders
Sold-Out Shareholders
The Vanguard Group$316.28M9.9612.09M+2.87%+$8.82M0.01
Bamco$311.98M9.8211.93M-15.09%-$55.46M0.83
BlackRock$305.38M9.6111.67M+2.58%+$7.69M0.01
State Street$109.28M3.444.18M-2.64%-$2.96M0.01
Silver Heights Capital Management Inc$91.08M2.873.48M+31.07%+$21.59M35.97
Van Berkom Associates Inc$87.06M2.743.33M+21.66%+$15.5M2.48
ARK Investment Management LLC$67.31M2.122.57M+18.36%+$10.44M0.47
ClearBridge Investments$59.37M1.872.27M+0.12%+$72,358.550.05
Geode Capital Management$55.4M1.742.12M+3.81%+$2.04M0.01
Nikko Asset Management Americas Inc$54.66M1.722.09M+19.85%+$9.05M0.52
Sumitomo Mitsui Trust Holdings$54.66M1.722.09M+19.85%+$9.05M0.04
Dimensional Fund Advisors$50.54M1.591.93M+0.24%+$123,161.280.01
Citadel Advisors LLC$49.07M1.551.88M+17,705.78%+$48.79M0.03
D. E. Shaw & Co.$47.47M1.491.81M+85.72%+$21.91M0.06
Arrowmark Colorado Holdings Llc$42.92M1.351.64M+5.24%+$2.14M0.11
Northern Trust$41.04M1.291.57M-12.67%-$5.96M0.01
Millennium Management LLC$38.99M1.231.49M+58.3%+$14.36M0.03
Morgan Stanley$37.83M1.191.45M+54.83%+$13.39M<0.01
Select Equity Group, L.P.$37.3M1.171.43M+25.68%+$7.62M0.14
Charles Schwab$35.81M1.131.37M+8.04%+$2.67M0.01
T. Rowe Price$32.47M1.021.24M-0.72%-$234,508.92<0.01
Jacobs Levy Equity Management$31.75M11.21M+13.54%+$3.79M0.14
BNY Mellon$30.73M0.971.17M-4.13%-$1.32M0.01
JPMorgan Chase$29.13M0.921.11M+88.16%+$13.65M<0.01
Capital World Investors$26.16M0.821M-36.06%-$14.75M<0.01
Invesco$23.75M0.75907,756-45.93%-$20.17M0.01
Voloridge Investment Management, LLC$21.03M0.66803,725+189.26%+$13.76M0.05
Pacer Advisors Inc$19.48M0.61744,575+23.29%+$3.68M0.05
Pinnacle Associates, Ltd.$18.7M0.59714,917-0.2%-$37,251.830.3
Nuveen$17.64M0.56674,321-30.81%-$7.86M0.01
Qube Research & Technologies$16.65M0.52636,575+698.4%+$14.57M0.02
Renaissance Technologies$15.09M0.48576,699+2.29%+$337,454.030.02
Legal & General$13.8M0.43527,562+0.01%+$1,517.28<0.01
Brown Advisory$13.34M0.42509,909-1%-$134,253.120.02
Fidelity Investments$11.03M0.35421,695+13.53%+$1.31M<0.01
Canada Pension Plan Investment Board$9.69M0.31370,300+50.34%+$3.24M0.01
RhumbLine Advisers$9.4M0.3359,438-5.03%-$497,612.340.01
Bank of America$9.1M0.29347,969+18.7%+$1.43M<0.01
AQR Capital$9.01M0.28344,383+15.9%+$1.24M0.02
Blair William Co Il$8.55M0.27326,791-25.48%-$2.92M0.03
SG Americas Securities, LLC$8.16M0.26311,956+281.7%+$6.02M0.04
Retirement Systems of Alabama$8.03M0.25306,925+0.13%+$10,699.440.03
Ubs Asset Management Americas Inc$7.82M0.25299,105+3.11%+$236,067.82<0.01
Ceredex Value Advisors LLC$7.61M0.24291,017+0.21%+$16,140.720.13
Assenagon Asset Management S.A.$7.44M0.23284,308New+$7.44M0.02
Squarepoint Ops LLC$7.42M0.23283,525+184.8%+$4.81M0.03
Schonfeld Group$7.07M0.22270,109+1,240.96%+$6.54M0.05
Bank of Montreal$7.87M0.22266,173+25.36%+$1.59M<0.01
Voya Investment Management LLC$6.88M0.22262,976+6.36%+$411,313.670.01
Walleye Capital$6.79M0.21259,565+453.14%+$5.56M0.02