Capital Research Global Investors Decreases Stock Holdings in AST SpaceMobile, Inc. $ASTS

Capital Research Global Investors reduced its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 33.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,386 shares of the company’s stock after selling 102,829 shares during the quarter. Capital Research Global Investors’ holdings in AST SpaceMobile were worth $14,845,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ASTS. Norges Bank purchased a new stake in shares of AST SpaceMobile during the 4th quarter worth $198,270,000. Vanguard Group Inc. lifted its stake in shares of AST SpaceMobile by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 19,919,888 shares of the company’s stock worth $977,668,000 after purchasing an additional 2,351,539 shares during the last quarter. Clear Street Group Inc. purchased a new stake in shares of AST SpaceMobile during the 3rd quarter worth $90,129,000. Van ECK Associates Corp lifted its stake in shares of AST SpaceMobile by 125.1% during the 3rd quarter. Van ECK Associates Corp now owns 782,041 shares of the company’s stock worth $38,382,000 after purchasing an additional 434,615 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of AST SpaceMobile by 610.4% during the 2nd quarter. Invesco Ltd. now owns 475,531 shares of the company’s stock worth $22,222,000 after purchasing an additional 408,595 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AST SpaceMobile news, CFO Andrew Martin Johnson sold 5,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $90.25, for a total value of $451,250.00. Following the completion of the sale, the chief financial officer directly owned 565,805 shares in the company, valued at approximately $51,063,901.25. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julio A. Torres sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $76.34, for a total value of $1,145,100.00. Following the completion of the transaction, the director owned 43,239 shares of the company’s stock, valued at approximately $3,300,865.26. The trade was a 25.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,140,000 shares of company stock valued at $279,903,150. 20.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ASTS shares. New Street Research set a $106.00 price objective on AST SpaceMobile in a research note on Friday, May 29th. Roth Mkm restated a “buy” rating and set a $108.00 price objective on shares of AST SpaceMobile in a research note on Tuesday, May 12th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Friday, March 27th. William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. Finally, Barclays upped their price objective on AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, AST SpaceMobile currently has an average rating of “Reduce” and an average target price of $81.33.

AST SpaceMobile Trading Down 3.6%

AST SpaceMobile stock opened at $88.71 on Wednesday. The stock has a 50-day moving average of $89.89 and a two-hundred day moving average of $87.38. The company has a debt-to-equity ratio of 1.11, a quick ratio of 18.37 and a current ratio of 18.47. AST SpaceMobile, Inc. has a one year low of $34.21 and a one year high of $133.86. The stock has a market cap of $34.43 billion, a PE ratio of -49.84 and a beta of 2.70.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The business had revenue of $14.74 million during the quarter, compared to analysts’ expectations of $39.01 million. During the same quarter last year, the business posted ($0.20) earnings per share. The company’s quarterly revenue was up 1952.2% compared to the same quarter last year. On average, research analysts anticipate that AST SpaceMobile, Inc. will post -1.47 EPS 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 confirmed a June 17 launch for its next three BlueBird satellites (8, 9, and 10), a key operational milestone that could help reinforce the company’s 2026 deployment goals. AST SpaceMobile Announces Launch Date for BlueBird Satellites 8, 9, and 10
• Positive Sentiment: The BlueBird launch update also suggests the company is making tangible progress on its space-based cellular network, which investors often view as a catalyst for future commercial adoption and revenue growth. AST SpaceMobile sets June 17 launch for BlueBird 8, 9, and 10 satellites
• Neutral Sentiment: Several stories highlighted growing interest around the broader satellite and space connectivity market, including comparisons with SpaceX/Starlink and comments that AST SpaceMobile remains a volatile space-stock name. AST SpaceMobile’s stock experiences rocky trading as SpaceX plans to launch its satellites into orbit
• Neutral Sentiment: Broad-market weakness in AI and chip stocks also weighed on risk appetite, which can spill over into high-beta names like ASTS. S&P 500, Nasdaq End Lower As Investors Take Breather From AI And Chips — AAPL, ASTS, APLD, RIVN, ZVRA In Focus
• Negative Sentiment: Bearish analyst coverage remains a headwind: Barclays reiterated a sell view, and consensus brokerage sentiment on AST SpaceMobile continues to skew to Reduce. Barclays Sticks to Its Sell Rating for AST SpaceMobile (ASTS)
• Negative Sentiment: Recent insider selling by CTO Huiwen Yao added to investor caution, even though the sale was made under a pre-arranged trading plan. Insider Selling: AST SpaceMobile (NASDAQ:ASTS) CTO Sells 40,000 Shares of Stock

AST SpaceMobile 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.