AST SpaceMobile (NASDAQ:ASTS) COO Sells $706,680.00 in Stock

AST SpaceMobile, Inc. (NASDAQ:ASTS) COO Shanti Gupta sold 12,000 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction of $706,680.00. Following the transaction, the chief operating officer owned 462,980 shares in the company, valued at approximately $27,264,892.20. This trade represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AST SpaceMobile Stock Up 5.8%

Shares of AST SpaceMobile stock traded up $3.44 during midday trading on Thursday, reaching $62.71. 9,189,513 shares of the company’s stock traded hands, compared to its average volume of 16,814,629. The company has a debt-to-equity ratio of 1.24, a quick ratio of 12.90 and a current ratio of 13.05. AST SpaceMobile, Inc. has a 52 week low of $40.15 and a 52 week high of $133.86. The company’s 50 day simple moving average is $63.55 and its 200 day simple moving average is $79.24. The company has a market cap of $24.40 billion, a price-to-earnings ratio of -29.30 and a beta of 2.74.

AST SpaceMobile (NASDAQ:ASTS) last posted its earnings results on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.45). AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%.The business had revenue of $31.52 million for the quarter, compared to analyst estimates of $34.53 million. During the same period in the previous year, the company earned ($0.41) earnings per share. Equities analysts expect that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ASTS has been the subject of a number of recent analyst reports. B. Riley Financial raised AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Friday, July 17th. Piper Sandler reduced their price objective on shares of AST SpaceMobile from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft set a $93.00 target price on shares of AST SpaceMobile in a research note on Wednesday, August 12th. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a research report on Friday, May 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $86.58.

AST SpaceMobile News Roundup

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

• Positive Sentiment: AST SpaceMobile’s patent strategy is receiving attention as it seeks to protect its large-array, direct-to-unmodified-smartphone approach while competing with SpaceX’s Starlink in satellite-to-cellular services. This reinforces the company’s potential competitive differentiation. AST SpaceMobile patent coverage
• Positive Sentiment: Retail investors continue to emphasize the company’s long-term opportunity despite uncertainty about the timing of the BlueBird 14–16 satellites. That support may be helping cushion sentiment while the market awaits shipment, arrival, and launch updates. ASTS retail sentiment and BlueBird coverage
• Neutral Sentiment: Analysts have a consensus “Hold” recommendation, indicating that the company’s growth potential is balanced by substantial execution, profitability, and valuation risks. AST SpaceMobile analyst recommendation
• Negative Sentiment: Several law firms announced or promoted securities-fraud class actions against AST SpaceMobile and certain officers. The lawsuits generally allege that the company misrepresented its competitive position and user adoption in the United States and Japan; some filings also allege that executives overstated capital sufficiency while selling more than $18 million of stock. These are allegations, not established findings, but they create legal costs, reputational risk, and potential investor uncertainty. ASTS class action announcement ASTS shareholder alert
• Negative Sentiment: The lack of a confirmed shipment or launch schedule for BlueBird 14–16 is fueling concerns about execution and the timing of network expansion. AST SpaceMobile also remains unprofitable, increasing investor sensitivity to delays and financing-related risks. BlueBird satellite timing coverage

Hedge Funds Weigh In On AST SpaceMobile

Large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in shares of AST SpaceMobile by 21.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,309 shares of the company’s stock worth $472,000 after purchasing an additional 920 shares in the last quarter. Tidal Investments LLC raised its stake in shares of AST SpaceMobile by 9,876.8% in the second quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock valued at $93,220,000 after purchasing an additional 1,038,546 shares in the last quarter. IPG Investment Advisors LLC lifted its position in AST SpaceMobile by 15.9% in the second quarter. IPG Investment Advisors LLC now owns 8,660 shares of the company’s stock worth $770,000 after purchasing an additional 1,185 shares during the period. MCF Advisors LLC lifted its position in AST SpaceMobile by 365.1% in the second quarter. MCF Advisors LLC now owns 1,372 shares of the company’s stock worth $122,000 after purchasing an additional 1,077 shares during the period. Finally, National Pension Service boosted its stake in AST SpaceMobile by 90.8% during the second quarter. National Pension Service now owns 24,235 shares of the company’s stock worth $2,154,000 after buying an additional 11,536 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

About AST SpaceMobile

AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard, unmodified mobile phones directly to satellites. Its planned service is intended to extend mobile connectivity beyond the coverage of traditional terrestrial wireless networks, including in rural, remote and underserved areas.

The company’s primary technology platform consists of large, low-Earth-orbit satellites known as BlueBirds. AST SpaceMobile is developing these satellites to provide voice, messaging and broadband data services through partnerships with mobile network operators, using existing cellular devices and spectrum where permitted.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.