Vest Financial LLC Boosts Stock Holdings in Iridium Communications Inc $IRDM

01 May 2026, 08:56 by Amy Steele · The Cerbat Gem

Vest Financial LLC boosted its position in shares of Iridium Communications Inc (NASDAQ:IRDM – Free Report) by 131.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,221 shares of the technology company’s stock after buying an additional 14,905 shares during the period. Vest Financial LLC’s holdings in Iridium Communications were worth $456,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IRDM. Hantz Financial Services Inc. increased its stake in Iridium Communications by 184.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,506 shares of the technology company’s stock worth $26,000 after buying an additional 977 shares in the last quarter. Larson Financial Group LLC increased its stake in Iridium Communications by 392.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company’s stock worth $26,000 after buying an additional 1,202 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new stake in Iridium Communications during the 3rd quarter worth approximately $32,000. Aster Capital Management DIFC Ltd purchased a new stake in Iridium Communications during the 3rd quarter worth approximately $46,000. Finally, Advisory Services Network LLC purchased a new stake in Iridium Communications during the 3rd quarter worth approximately $48,000. 84.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IRDM has been the subject of several research reports. Morgan Stanley boosted their price objective on Iridium Communications from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 18th. Barclays upped their price target on Iridium Communications from $25.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Weiss Ratings upgraded Iridium Communications from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 10th. BWS Financial restated a “sell” rating and issued a $16.00 price target on shares of Iridium Communications in a research report on Monday. Finally, Raymond James Financial restated a “market perform” rating on shares of Iridium Communications in a research report on Friday, April 24th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.60.

View Our Latest Analysis on IRDM

Insiders Place Their Bets

In related news, CAO Timothy Kapalka sold 3,790 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $31.00, for a total value of $117,490.00. Following the completion of the transaction, the chief accounting officer directly owned 47,764 shares in the company, valued at approximately $1,480,684. This represents a 7.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.70% of the company’s stock.

Iridium Communications Price Performance

IRDM stock opened at $39.07 on Friday. The company has a debt-to-equity ratio of 3.74, a current ratio of 2.85 and a quick ratio of 2.21. The business has a 50 day simple moving average of $30.41 and a 200-day simple moving average of $22.63. The firm has a market capitalization of $4.13 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 2.45 and a beta of 0.48. Iridium Communications Inc has a 1 year low of $15.65 and a 1 year high of $44.36.

Iridium Communications (NASDAQ:IRDM – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). The company had revenue of $219.06 million during the quarter, compared to analysts’ expectations of $218.39 million. Iridium Communications had a net margin of 12.05% and a return on equity of 22.76%. Iridium Communications’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. Equities research analysts anticipate that Iridium Communications Inc will post 1.06 earnings per share for the current fiscal year.

Iridium Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, March 16th. Iridium Communications’s dividend payout ratio is presently 60.61%.

Iridium Communications Company Profile

(Free Report)

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).