Ashford Capital Management reported the sale of 410,326 shares of Globalstar (NASDAQ:GSAT) on February 13, 2026, with an estimated transaction value of $22.66 million. This sale occurred in the fourth quarter, reducing Ashford’s position in Globalstar to 998,995 shares valued at $60.98 million, reflecting a net position increase of $9.69 million. Globalstar operates a satellite network providing mobile communications and IoT connectivity, leveraging partnerships to enhance its 5G offerings. The company aims to meet the rising demand for reliable satellite solutions across various industries.
