Leonteq Securities AG Sells 25,147 Shares of AST SpaceMobile, Inc. $ASTS

Leonteq Securities AG cut its position in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 82.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,298 shares of the company’s stock after selling 25,147 shares during the quarter. Leonteq Securities AG’s holdings in AST SpaceMobile were worth $439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Calton & Associates Inc. increased its stake in AST SpaceMobile by 0.8% in the fourth quarter. Calton & Associates Inc. now owns 13,579 shares of the company’s stock valued at $986,000 after acquiring an additional 104 shares during the last quarter. Investmark Advisory Group LLC lifted its stake in AST SpaceMobile by 2.7% during the fourth quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company’s stock worth $337,000 after purchasing an additional 120 shares during the last quarter. ORG Partners LLC lifted its stake in AST SpaceMobile by 4.2% during the fourth quarter. ORG Partners LLC now owns 3,283 shares of the company’s stock worth $238,000 after purchasing an additional 133 shares during the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of AST SpaceMobile by 18.2% in the 4th quarter. Atlantic Union Bankshares Corp now owns 923 shares of the company’s stock valued at $67,000 after purchasing an additional 142 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of AST SpaceMobile by 39.0% in the 4th quarter. Larson Financial Group LLC now owns 513 shares of the company’s stock valued at $37,000 after purchasing an additional 144 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, major shareholder Hiroshi Mikitani sold 1,690,000 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $91.42, for a total value of $154,499,800.00. Following the completion of the transaction, the insider directly owned 29,330,155 shares in the company, valued at approximately $2,681,362,770.10. This trade represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julio A. Torres sold 15,000 shares of AST SpaceMobile stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total value of $1,145,100.00. Following the sale, the director directly owned 43,239 shares in the company, valued at $3,300,865.26. The trade was a 25.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,145,809 shares of company stock worth $280,645,292 in the last 90 days. 20.89% of the stock is currently owned by company insiders.

AST SpaceMobile Stock Performance

NASDAQ ASTS opened at $85.13 on Friday. The firm’s fifty day moving average price is $87.38 and its two-hundred day moving average price is $89.44. The stock has a market cap of $33.04 billion, a PE ratio of -47.83 and a beta of 2.69. 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 fifty-two week low of $36.08 and a fifty-two week high of $133.86.

AST SpaceMobile (NASDAQ:ASTS) last announced 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 firm had revenue of $14.73 million during the quarter, compared to the consensus estimate of $39.01 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The firm’s revenue was up 1952.2% on a year-over-year basis. On average, equities analysts expect that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on ASTS. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a report on Wednesday, June 24th. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 price objective on shares of AST SpaceMobile in a research note on Tuesday, May 12th. B. Riley Financial raised their price objective on AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Barclays lifted their target price on AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen downgraded AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $85.09.

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.