Catalyst Funds Management Pty Ltd Invests $946,000 in AST SpaceMobile, Inc. $ASTS

Catalyst Funds Management Pty Ltd acquired a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 13,028 shares of the company’s stock, valued at approximately $946,000.

Several other large investors have also modified their holdings of ASTS. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 2,351,539 shares during the period. Clear Street Group Inc. purchased a new position in shares of AST SpaceMobile during the 3rd quarter worth about $90,129,000. Van ECK Associates Corp lifted its holdings 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 acquiring an additional 434,615 shares during the period. Invesco Ltd. lifted its holdings 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 acquiring an additional 408,595 shares during the period. Finally, Jump Financial LLC lifted its holdings in shares of AST SpaceMobile by 2,126.2% during the 3rd quarter. Jump Financial LLC now owns 379,203 shares of the company’s stock worth $18,611,000 after acquiring an additional 362,169 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

AST SpaceMobile Stock Up 10.0%

ASTS opened at $105.86 on Friday. The firm has a 50 day moving average price of $85.01 and a 200 day moving average price of $83.47. The company has a market cap of $41.09 billion, a PE ratio of -59.47 and a beta of 2.60. AST SpaceMobile, Inc. has a 1 year low of $22.47 and a 1 year high of $129.89. 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 (NASDAQ:ASTS) last posted its earnings results on Monday, May 11th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 $14.74 million for the quarter, compared to analyst estimates of $39.01 million. During the same period last year, the company posted ($0.20) EPS. The firm’s revenue for the quarter was up 1952.2% compared to the same quarter last year. Sell-side analysts expect that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current year.

Insider Activity

In other AST SpaceMobile news, Director Julio A. Torres sold 15,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director owned 43,239 shares of the company’s stock, valued at $3,300,865.26. This trade represents a 25.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew Martin Johnson sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $90.25, for a total transaction of $451,250.00. Following the completion of the sale, the chief financial officer directly owned 565,805 shares of the company’s stock, valued at $51,063,901.25. This trade represents a 0.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,100,000 shares of company stock worth $276,048,350 over the last three months. Insiders own 20.89% of the company’s stock.

AST SpaceMobile News Summary

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

• Positive Sentiment: Defiance launched ASTY, a 2X long ETF on AST SpaceMobile, signaling strong trader demand for bullish exposure to ASTS. Defiance Launches ASTY: The 2X Long ETF for AST SpaceMobile, Inc.
• Positive Sentiment: ASTS is benefiting from broader enthusiasm for space infrastructure names ahead of the SpaceX IPO, which has lifted sentiment across satellite and launch stocks. SpaceX IPO Filing Is Moving Rocket Lab, CoreWeave, and Other Stocks
• Positive Sentiment: Commentary has also pointed to AST SpaceMobile’s FCC approval and its role as a likely beneficiary of rising satellite-to-phone demand, supporting the company’s long-term growth narrative. Forget SpaceX. These 2 Space Stocks Could Be the Real Winners Of the Coming IPO Frenzy
• Neutral Sentiment: Several articles focused on ASTS’s huge multi-year run and asked whether the stock is getting expensive, suggesting some investors are weighing valuation against future growth. Is It Too Late To Consider AST SpaceMobile (ASTS) After Its Recent 17x Three Year Surge?
• Negative Sentiment: ASTS CFO Andrew Martin Johnson sold 5,000 shares, a small insider sale that may prompt some caution, though his remaining stake is still substantial. SEC insider filing

Analysts Set New Price Targets

A number of analysts recently issued reports on ASTS shares. Roth Mkm reissued a “buy” rating and set a $108.00 target price on shares of AST SpaceMobile in a research report on Tuesday, May 12th. New Street Research started coverage on shares of AST SpaceMobile in a research report on Wednesday, May 13th. They set a “neutral” rating and a $80.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $117.00 target price on shares of AST SpaceMobile in a research report on Wednesday, April 15th. B. Riley Financial increased their target price on shares of AST SpaceMobile from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Finally, 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. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $79.45.

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.