10 High PE Stocks Insiders Are Buying

4. KVH Industries, Inc. (NASDAQ:KVHI)

Forward P/E ratio: 126.25

KVH Industries, Inc. (NASDAQ:KVHI) provides mobile connectivity and maritime communication solutions to commercial shipping, leisure marine, and land mobile markets worldwide. The company offers satellite-based internet, voice, and content services. KVH’s business model combines hardware sales with recurring service revenue, and it has recently expanded its offerings by integrating third-party services such as Starlink into its portfolio.

KVH Industries, Inc. (NASDAQ:KVHI) reported Q1 2025 revenue of $25.4 million, with a decline primarily attributed to lower VSAT airtime service revenue, including the loss of US Coast Guard revenue. However, the company demonstrated strong operational progress with a 5% increase in subscriber base and record-breaking terminal shipments exceeding 1,300 units for the fifth consecutive quarter. The company’s total subscribing vessels grew to more than 7,400, fully recovering from the decline experienced in 2023 and early 2024. Notably, airtime gross margin improved to 31.5% from 28.2% in the previous quarter, driven by reduced GEO bandwidth commitments and strong LEO revenue margins. The strong momentum is confirmed by significant insider buying going on at KVHI during 2025.

KVH Industries, Inc. (NASDAQ:KVHI)’s strategic transition towards LEO-based mobile connectivity is showing positive results, with Starlink revenue increasing as a percentage of total revenue and approximately 30% of Starlink activations being hybrid configurations. The company’s financial position remains stable with a cash balance of $48.6 million, and management expects positive cash flow generation moving forward, supported by double-digit annual subscriber growth and strong LEO margins. Additionally, the company is advancing its operational efficiency through pending sales of headquarters and factory facilities, expected to close in Q2 and Q3, respectively.