IRIDIUM COMMUNICATIONS Earnings Results: $IRDM Reports Quarterly Earnings

IRIDIUM COMMUNICATIONS ($IRDM) posted quarterly earnings results on Thursday, July 24th. The company reported earnings of $0.20 per share, missing estimates of $0.25 by $0.05. The company also reported revenue of $216,910,000, missing estimates of $218,437,467 by $-1,527,467.

You can see Quiver Quantitative's $IRDM stock page to track data on insider trading, hedge fund activity, congressional trading, and more.

IRIDIUM COMMUNICATIONS Insider Trading Activity

IRIDIUM COMMUNICATIONS insiders have traded $IRDM stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $IRDM stock by insiders over the last 6 months:

• KATHLEEN A. MORGAN (CHIEF LEGAL OFFICER) sold 15,005 shares for an estimated $503,867
• ERIC T OLSON sold 4,955 shares for an estimated $168,618
• TIMOTHY KAPALKA (CAO IRIDIUM SATELLITE LLC) sold 1,922 shares for an estimated $50,125

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

IRIDIUM COMMUNICATIONS Hedge Fund Activity

We have seen 179 institutional investors add shares of IRIDIUM COMMUNICATIONS stock to their portfolio, and 173 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• ARK INVESTMENT MANAGEMENT LLC added 2,383,962 shares (+95.1%) to their portfolio in Q1 2025, for an estimated $65,129,841
• VICTORY CAPITAL MANAGEMENT INC removed 1,565,538 shares (-97.9%) from their portfolio in Q1 2025, for an estimated $42,770,498
• BAMCO INC /NY/ removed 1,498,093 shares (-13.9%) from their portfolio in Q1 2025, for an estimated $40,927,900
• BLACKROCK, INC. removed 1,183,667 shares (-9.3%) from their portfolio in Q1 2025, for an estimated $32,337,782
• SUMITOMO MITSUI TRUST GROUP, INC. added 1,064,093 shares (+37.6%) to their portfolio in Q1 2025, for an estimated $29,071,020
• NIKKO ASSET MANAGEMENT AMERICAS, INC. added 1,061,465 shares (+37.5%) to their portfolio in Q1 2025, for an estimated $28,999,223
• VANGUARD GROUP INC removed 973,870 shares (-9.0%) from their portfolio in Q1 2025, for an estimated $26,606,128

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

IRIDIUM COMMUNICATIONS Analyst Ratings

Wall Street analysts have issued reports on $IRDM in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

• Oppenheimer issued a "Outperform" rating on 05/05/2025
• Barclays issued a "Overweight" rating on 03/10/2025

To track analyst ratings and price targets for IRIDIUM COMMUNICATIONS, check out Quiver Quantitative's $IRDM forecast page.

IRIDIUM COMMUNICATIONS Price Targets

Multiple analysts have issued price targets for $IRDM recently. We have seen 3 analysts offer price targets for $IRDM in the last 6 months, with a median target of $34.0.

Here are some recent targets:

• Timothy Horan from Oppenheimer set a target price of $34.0 on 05/05/2025
• Hamed Khorsand from BWS Financial set a target price of $25.0 on 04/23/2025
• Mathieu Robilliard from Barclays set a target price of $38.0 on 03/10/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.