AST SpaceMobile, Inc. $ASTS Shares Purchased by Swiss National Bank

Swiss National Bank lifted its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 53.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 660,300 shares of the company’s stock after purchasing an additional 231,100 shares during the period. Swiss National Bank’s holdings in AST SpaceMobile were worth $54,719,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of ASTS. World Equity Group Inc. boosted its position in AST SpaceMobile by 427.9% during the first quarter. World Equity Group Inc. now owns 16,770 shares of the company’s stock worth $1,390,000 after purchasing an additional 13,593 shares in the last quarter. Hanseatic Management Services Inc. acquired a new position in shares of AST SpaceMobile during the 1st quarter worth approximately $1,145,000. Ascent Wealth Partners LLC raised its stake in shares of AST SpaceMobile by 56.0% during the 1st quarter. Ascent Wealth Partners LLC now owns 5,466 shares of the company’s stock worth $453,000 after buying an additional 1,962 shares during the period. Cornerstone Planning Group LLC lifted its position in shares of AST SpaceMobile by 16,350.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock valued at $27,000 after buying an additional 327 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new position in shares of AST SpaceMobile during the 1st quarter valued at approximately $213,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Transactions at AST SpaceMobile

In related news, Director Julio A. Torres sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the transaction, the director directly owned 43,239 shares in the company, valued at approximately $3,300,865.26. The trade was a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $96.37, for a total transaction of $3,854,800.00. Following the sale, the chief technology officer directly owned 34,750 shares of the company’s stock, valued at approximately $3,348,857.50. This represents a 53.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 105,809 shares of company stock valued at $9,748,492. Corporate insiders own 20.89% of the company’s stock.

Wall Street Analyst Weigh In

ASTS has been the subject of a number of research analyst reports. New Street Research set a $106.00 price objective on shares of AST SpaceMobile in a research report on Friday, May 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Wednesday, June 24th. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. Wall Street Zen downgraded shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $108.00 price target on shares of AST SpaceMobile in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.95.

AST SpaceMobile Trading Up 10.3%

Shares of ASTS stock opened at $63.34 on Wednesday. The stock’s fifty day moving average is $86.07 and its two-hundred day moving average is $89.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 18.37 and a current ratio of 18.47. The firm has a market capitalization of $24.58 billion, a P/E ratio of -35.58 and a beta of 2.69. AST SpaceMobile, Inc. has a fifty-two week low of $36.08 and a fifty-two week high of $133.86.

AST SpaceMobile (NASDAQ:ASTS) last announced its earnings results on Monday, May 11th. The company reported ($0.66) earnings per share (EPS) 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 $14.73 million for the quarter, compared to analyst estimates of $39.01 million. During the same period last year, the firm earned ($0.20) EPS. The company’s revenue for the quarter was up 1952.2% compared to the same quarter last year. Research analysts expect that AST SpaceMobile, Inc. will post -1.38 earnings per share for the current fiscal year.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile completed a private offering of $1.15 billion of convertible senior notes due 2034, giving the company significant added capital to fund satellite deployment and operations. AST SpaceMobile Announces Completion of Private Offering of $1.15 Billion of Convertible Senior Notes Due 2034
• Positive Sentiment: The stock is also benefiting from a broader risk-on move in space names, with investors rotating back into speculative aerospace and satellite stocks. AST SpaceMobile Catapults 12%, SpaceX Rises 7%, Virgin Galactic and Rocket Lab Rally as Space Stock Trade Takes a Risk-on Turn
• Positive Sentiment: Some analysts and market commentators are framing the recent pullback as an opportunity, arguing the new funding strengthens ASTS’s ability to pursue its long-term satellite network buildout. AST SpaceMobile: Convertible Notes Accelerate Its Full Potential (Rating Upgrade)
• Neutral Sentiment: AST SpaceMobile is also getting attention from a Midland factory expansion approval tied to its local footprint, which could support future manufacturing capacity but does not have an immediate financial impact. ASTS Stock Jumps Premarket: Midland Approves Factory Nearly 5x Larger Than AST SpaceMobile’s Original Plant
• Negative Sentiment: Bearish commentary is also weighing on sentiment, including Jim Cramer’s view that AST SpaceMobile is “losing a fortune”, reinforcing concerns about cash burn and execution risk. ‘That Thing Has Just Been Crushed’: Cramer On This Tech Stock
• Negative Sentiment: Separately, Pomerantz LLP announced an investigation on behalf of ASTS investors, which could add legal overhang and uncertainty for shareholders. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AST SpaceMobile, Inc. – ASTS

AST SpaceMobile Company Profile

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.