AST SpaceMobile (NASDAQ:ASTS) President Scott Wisniewski Sells 25,904 Shares of Stock

AST SpaceMobile, Inc. (NASDAQ:ASTSGet Free Report) President Scott Wisniewski sold 25,904 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $126.64, for a total transaction of $3,280,482.56. Following the sale, the president directly owned 745,973 shares in the company, valued at $94,470,020.72. The trade was a 3.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

AST SpaceMobile Stock Up 8.3%

ASTS stock opened at $129.60 on Thursday. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $50.30 billion, a PE ratio of -72.81 and a beta of 2.60. AST SpaceMobile, Inc. has a twelve month low of $22.47 and a twelve month high of $131.20. The stock has a 50-day simple moving average of $86.86 and a two-hundred day simple moving average of $84.60.

AST SpaceMobile (NASDAQ:ASTSGet Free Report) last posted its earnings results on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.43). The company had revenue of $14.74 million for the quarter, compared to analysts’ expectations of $39.01 million. AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The firm’s quarterly revenue was up 1952.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.20) EPS. On average, equities analysts predict that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

Hedge Funds Weigh In On AST SpaceMobile

Institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. increased its holdings in shares of AST SpaceMobile by 48.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 532,960 shares of the company’s stock worth $26,158,000 after buying an additional 172,759 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of AST SpaceMobile in the 3rd quarter worth $1,882,000. KPP Advisory Services LLC bought a new position in shares of AST SpaceMobile in the 4th quarter worth $1,649,000. M&T Bank Corp increased its holdings in shares of AST SpaceMobile by 1,062.9% in the 4th quarter. M&T Bank Corp now owns 77,994 shares of the company’s stock worth $5,665,000 after buying an additional 71,287 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of AST SpaceMobile by 28.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 31,580 shares of the company’s stock worth $1,550,000 after purchasing an additional 6,901 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Key AST SpaceMobile News

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

Analysts Set New Price Targets

ASTS has been the subject of several analyst reports. Barclays raised their price target on shares of AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, April 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a report on Friday, March 27th. Wall Street Zen downgraded shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of AST SpaceMobile in a report on Wednesday, April 15th. Finally, B. Riley Financial raised their price target on AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $79.45.

Read Our Latest Report on ASTS

About AST SpaceMobile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for AST SpaceMobile (NASDAQ:ASTS)

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