IRDM CEO DESCH buys 20,000 shares at $17.33; stock down 44.0% from 52-week high, prior buy poorly timed
CEO Matthew J. Desch purchased 20,000 shares at $17.33 on 2025-10-30, increasing his holdings to 1.13M shares. The purchase occurs after a significant drawdown—IRDM is trading at $18.30, down 44.0% from its 52-week high of $32.66 and down 26.5% over the past 90 days. Desch's cross-ticker track record shows mixed outcomes: 2 prior open-market buys averaged +7.7% over 30 days but -3.0% over 90 days, with a 50% win rate. At IRDM specifically, his prior buy on 2023-11-20 delivered a 90-day return of -18.6%, suggesting his timing at this ticker has not been favorable historically. The company's fundamentals—$226.9M in quarterly revenue, $37.1M net income, 5.0% annual revenue growth, and a 15.25 P/E—remain solid, but the stock's recent weakness and Desch's history of poorly-timed purchases at this ticker warrant attention to whether this represents conviction or continuation of a pattern.