AST SpaceMobile (NASDAQ:ASTS) CFO Sells $4,297,342.29 in Stock

AST SpaceMobile, Inc. (NASDAQ:ASTS) CFO Andrew Martin Johnson sold 45,809 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $93.81, for a total value of $4,297,342.29. Following the sale, the chief financial officer owned 503,619 shares of the company’s stock, valued at $47,244,498.39. The trade was a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Andrew Martin Johnson also recently made the following trade(s):

• On Wednesday, May 20th, Andrew Martin Johnson sold 5,000 shares of AST SpaceMobile stock. The stock was sold at an average price of $90.25, for a total value of $451,250.00.

AST SpaceMobile Price Performance

NASDAQ ASTS traded down $15.15 on Friday, hitting $82.41. 54,887,128 shares of the company’s stock were exchanged, compared to its average volume of 18,171,563. The stock has a 50-day moving average of $90.45 and a 200-day moving average of $87.96. The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11. AST SpaceMobile, Inc. has a 52 week low of $36.08 and a 52 week high of $133.86. The stock has a market cap of $31.98 billion, a price-to-earnings ratio of -46.30 and a beta of 2.70.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The business had revenue of $14.74 million for the quarter, compared to the consensus estimate of $39.01 million. During the same quarter in the previous year, the company earned ($0.20) earnings per share. The firm’s revenue for the quarter was up 1952.2% on a year-over-year basis. Analysts expect that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ASTS. New Street Research set a $106.00 target price on AST SpaceMobile in a research note on Friday, May 29th. Barclays upped their target price on AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, April 9th. UBS Group cut their target price on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Zacks Research upgraded shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $81.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ASTS. Vodafone Ventures Ltd acquired a new position in shares of AST SpaceMobile during the fourth quarter worth $397,413,000. Norges Bank acquired a new position in shares of AST SpaceMobile during the fourth quarter worth $198,270,000. Vanguard Group Inc. increased its holdings in shares of AST SpaceMobile by 13.4% during the third quarter. Vanguard Group Inc. now owns 19,919,888 shares of the company’s stock worth $977,668,000 after buying an additional 2,351,539 shares in the last quarter. Clear Street Group Inc. acquired a new position in shares of AST SpaceMobile during the third quarter worth $90,129,000. Finally, Morgan Stanley increased its holdings in shares of AST SpaceMobile by 44.0% during the fourth quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock worth $338,569,000 after buying an additional 1,425,199 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Key AST SpaceMobile News

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

• Positive Sentiment: Some commentary remains constructive on AST SpaceMobile’s long-term potential, highlighting its direct-to-smartphone satellite connectivity model, nearly 60 mobile network operator partners, and a large deployment pipeline that could support a move toward $150 by 2027. Prediction: Can AST SpaceMobile Soar to $150 by 2027?
• Positive Sentiment: Earlier in the week, ASTS also benefited from bullish sector momentum after BlueBird launch timing was confirmed for June 17, reinforcing the view that near-term catalysts still exist despite Friday’s pullback. AST SpaceMobile Stock Climbs Ahead of SpaceX IPO As BlueBird Launch Date Confirmed for June 17
• Neutral Sentiment: Analysts and market commentary are framing the move as largely sentiment-driven rather than based on fresh company-specific operating news, with SpaceX IPO excitement lifting and then pressuring comparable space stocks throughout the session. SpaceX, Tesla, EchoStar, and More Stocks That Explain Today’s Market
• Negative Sentiment: AST SpaceMobile shares are being hit in a broad space-sector reset, with one report describing the stock as down sharply alongside Virgin Galactic and Rocket Lab as investors reassess valuations after the SpaceX debut. Virgin Galactic Craters 24%, Rocket Lab Drops 8%, AST SpaceMobile Falls 10% as SpaceX Hype Triggers a Space-Stock Shakeout
• Negative Sentiment: Short-seller criticism of space stocks is adding pressure to ASTS by reinforcing concerns that many of the sector’s growth expectations are too speculative in the wake of SpaceX’s public trading debut. Space Stocks Get Torched: Short Seller Calls Them ‘Sci-Fi Wishes’

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.