Finance

Analyzing the Insider Data for Globalstar, Inc. (GSAT)

Recent insider trends for Globalstar, Inc. (NYSE:GSAT) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how GSAT might perform in the future.

Institutions own 24.76% of Globalstar, Inc. (GSAT)’s shares. The total value of these holdings, in millions, is $483. Among active positions in the latest quarter, 81 holders increased their positions by a total of 20.41 million shares, 43 holders decreased the positions by a total of 8.23 million shares, and 40 holders held their positions. This works out to a net increase in ownership of 12.18 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 19 holders initiated new positions by a total of 7.48 million shares and 18 holders exited their positions by a total of 3.55 million shares. This nets out to an increase of 3.93 million shares and is a bullish sign for GSAT.

In the last three months, insiders executed a total of 3 trades. 2 of these were buys and 1 were sells. Insider ownership increased by a total of 27.66 million shares, which suggests that GSAT’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 6 buys and 14 sells, and ownership increased by a net of 45.24 million shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Globalstar, Inc. (NYSE:GSAT)’s short interest is 81.22 million shares, or % of the float. This represents an increase of 4% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that GSAT is a Strong sell, which implies that GSAT is expected to underperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Globalstar, Inc. (NYSE:GSAT) is overvalued.

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