Gotham Asset Management LLC Has $59.96 Million Position in AST SpaceMobile, Inc. $ASTS

Gotham Asset Management LLC lessened its holdings in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 825,517 shares of the company’s stock after selling 18,221 shares during the period. Gotham Asset Management LLC’s holdings in AST SpaceMobile were worth $59,957,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in AST SpaceMobile during the 4th quarter worth $25,000. Laurel Wealth Advisors LLC acquired a new stake in AST SpaceMobile during the 4th quarter worth $25,000. Byrne Asset Management LLC acquired a new stake in AST SpaceMobile during the 4th quarter worth $29,000. Acumen Wealth Advisors LLC acquired a new stake in AST SpaceMobile during the 4th quarter worth $29,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in AST SpaceMobile during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

AST SpaceMobile Trading Up 3.9%

ASTS opened at $85.43 on Thursday. The stock has a market capitalization of $33.16 billion, a P/E ratio of -47.99 and a beta of 2.70. AST SpaceMobile, Inc. has a 12 month low of $36.08 and a 12 month high of $133.86. The firm’s fifty day simple moving average is $89.92 and its 200 day simple moving average is $88.78. 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 (NASDAQ:ASTS) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.43). The company had revenue of $14.74 million during the quarter, compared to the consensus estimate of $39.01 million. AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The company’s revenue was up 1952.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.20) earnings per share. As a group, research analysts anticipate that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

Key AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile successfully launched BlueBird satellites 8, 9, and 10, a key step toward expanding its direct-to-phone space broadband network. AST SpaceMobile Announces Successful Orbital Launch of BlueBirds 8, 9, and 10
• Positive Sentiment: The launch is being viewed as a commercial milestone that strengthens the company’s path toward larger-scale satellite service and higher-speed connectivity. AST SpaceMobile (ASTS) Launches BlueBird 8 9 And 10 For Direct To Phone Service
• Neutral Sentiment: The broader market backdrop was weak as investors digested the Fed holding rates steady while raising its inflation outlook, which added risk-off pressure across stocks. S&P 500, Nasdaq And Dow Slip As Investors Assess Rate Hike Possibility — SPCX, UBER, ASTS, BBBY, RXT In Focus
• Neutral Sentiment: Analysts and commentators continue to note that AST SpaceMobile has strong growth ambitions, but its path remains risky because it must execute on satellite deployment and compete in a crowded satcom market. Can ASTS Thrive Despite Rising Competition in the SATCOM Space?
• Negative Sentiment: One report noted that ASTS had recently fallen sharply before the launch news, underscoring ongoing volatility in the name. Here’s Why AST SpaceMobile, Inc. (ASTS) Fell More Than Broader Market

Wall Street Analyst Weigh In

ASTS has been the subject of a number of analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $108.00 target price on shares of AST SpaceMobile in a report on Tuesday, May 12th. New Street Research set a $106.00 target price on shares of AST SpaceMobile in a report on Friday, May 29th. B. Riley Financial lifted their target price on shares of AST SpaceMobile from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a report on Friday, March 27th. Finally, Zacks Research raised shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $81.33.

Insider Buying and Selling at AST SpaceMobile

In other news, 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 value 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julio A. Torres sold 15,000 shares of the company’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 completion of the sale, 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,185,809 shares of company stock valued at $284,200,492. Corporate insiders own 20.89% of the company’s stock.

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.