TD Asset Management Inc Invests $826,000 in AST SpaceMobile, Inc. $ASTS

TD Asset Management Inc purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,824 shares of the company’s stock, valued at approximately $826,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ASTS. AQR Capital Management LLC increased its position in AST SpaceMobile by 11.8% during the 1st quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock worth $786,000 after purchasing an additional 3,642 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in AST SpaceMobile by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock valued at $1,814,000 after buying an additional 3,515 shares in the last quarter. Millennium Management LLC grew its stake in shares of AST SpaceMobile by 16.1% during the first quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock worth $10,634,000 after buying an additional 64,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of AST SpaceMobile by 18.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company’s stock worth $7,405,000 after buying an additional 49,811 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of AST SpaceMobile during the first quarter worth $168,000. 60.95% of the stock is owned by institutional investors.

Key AST SpaceMobile News

Here are the key news stories impacting AST SpaceMobile this week:

• Positive Sentiment: TELUS commercial agreement expands ASTS’s addressable market in Canada and helped lift sentiment by validating operator demand for direct-to-cell service; this deal supports near-term revenue growth and rollout plans. TELUS Partners with AST SpaceMobile
• Positive Sentiment: Orange added AST SpaceMobile to its satellite roster and scheduled Europe D2C trials for late 2026 — another major operator endorsement that increases potential European commercial traction. Orange Adds AST SpaceMobile
• Positive Sentiment: ASTS reported meaningful 2025 revenue (~$70.9M), a growing pipeline (~$1.2B contracted backlog) and plans to launch 45–60 satellites by end‑2026 — operational proof that the business is scaling from pre‑revenue to commercial receipts. Seeking Alpha: AST SpaceMobile revenue and plans
• Positive Sentiment: Analyst coverage turned more constructive: Zacks moved ASTS from “strong sell” to “hold” and other upgrades sparked intraday rallies in recent sessions, indicating improving sell‑side sentiment can amplify momentum. Zacks upgrade Analyst upgrade article
• Neutral Sentiment: Media pieces highlight ASTS as a direct competitor to SpaceX’s Starlink (different product/market focus) — competition raises strategic questions but doesn’t remove near‑term operator contracts or revenue. ASTS vs Starlink
• Neutral Sentiment: Sector comparisons (e.g., vs. Rocket Lab) and broader market volatility (macro headlines) are contributing to mixed trading — investors are differentiating capital‑intensive launch plays. Fool comparison
• Negative Sentiment: Valuation and cash‑burn concerns remain: analysts warn ASTS’s premium multiple and high operating costs increase downside risk if cadence of deployments or operator rollouts slips. Zacks: 181% rise and risks
• Negative Sentiment: Profitability metrics are weak (negative EPS and very large negative margins reported recently), so any slowdown in operator conversions or higher launch costs could press the stock lower. Financials and risks
• Neutral Sentiment: Reported short‑interest data in feeds appears anomalous/zero — not a reliable signal this cycle; ignore until clarified by exchange filings.

Insider Transactions at AST SpaceMobile

In other news, Director Keith R. Larson bought 625 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was acquired at an average price of $80.00 per share, with a total value of $50,000.00. Following the completion of the purchase, the director directly owned 2,015 shares of the company’s stock, valued at approximately $161,200. This represents a 44.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, COO Shanti B. Gupta sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $77.34, for a total transaction of $773,400.00. Following the completion of the transaction, the chief operating officer owned 382,375 shares in the company, valued at approximately $29,572,882.50. The trade was a 2.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders bought a total of 2,015 shares of company stock worth $149,144 over the last three months. 30.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of AST SpaceMobile in a report on Tuesday, January 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, December 29th. UBS Group lifted their price target on AST SpaceMobile from $43.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday. Scotiabank cut AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 price target on the stock. in a report on Wednesday, January 7th. Finally, B. Riley Financial lowered their price objective on AST SpaceMobile from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $63.77.

AST SpaceMobile Trading Down 4.7%

NASDAQ ASTS opened at $89.47 on Friday. The firm has a market capitalization of $32.84 billion, a PE ratio of -67.78 and a beta of 2.77. The business’s 50-day moving average price is $95.06 and its two-hundred day moving average price is $73.93. The company has a current ratio of 16.35, a quick ratio of 9.48 and a debt-to-equity ratio of 0.92. AST SpaceMobile, Inc. has a 12 month low of $18.22 and a 12 month high of $129.89.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The company had revenue of $54.31 million during the quarter, compared to analyst estimates of $39.53 million. AST SpaceMobile had a negative return on equity of 23.02% and a negative net margin of 482.16%.The firm’s quarterly revenue was up 2731.3% compared to the same quarter last year. On average, analysts expect that AST SpaceMobile, Inc. will post -0.4 EPS for the current year.

About AST SpaceMobile

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.