Seven Grand Managers LLC Acquires New Position in AST SpaceMobile, Inc. $ASTS

Seven Grand Managers LLC acquired a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 100,000 shares of the company’s stock, valued at approximately $7,263,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of AST SpaceMobile by 11.8% during the 1st quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock valued at $786,000 after acquiring an additional 3,642 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of AST SpaceMobile by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock valued at $1,814,000 after acquiring an additional 3,515 shares during the period. Millennium Management LLC lifted its position in shares of AST SpaceMobile by 16.1% during the 1st quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock valued at $10,634,000 after acquiring an additional 64,989 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of AST SpaceMobile by 18.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company’s stock valued at $7,405,000 after acquiring an additional 49,811 shares during the period. Finally, Strs Ohio acquired a new stake in shares of AST SpaceMobile during the 1st quarter valued at approximately $168,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

AST SpaceMobile Stock Up 8.3%

ASTS stock opened at $129.60 on Thursday. The stock has a market capitalization of $50.30 billion, a P/E ratio of -72.81 and a beta of 2.60. 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 $22.47 and a one year high of $131.20. The company has a 50 day moving average price of $86.86 and a two-hundred day moving average price of $84.60.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.43). The firm had revenue of $14.74 million during the quarter, compared to analysts’ expectations of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The firm’s revenue was up 1952.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) earnings per share. As a group, sell-side analysts expect that AST SpaceMobile, Inc. will post -1.47 EPS for the current year.

Wall Street Analyst Weigh In

ASTS has been the subject of a number of research reports. Barclays lifted their price target on shares of AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of AST SpaceMobile in a research report on Wednesday, April 15th. New Street Research initiated coverage on shares of AST SpaceMobile in a research report on Wednesday, May 13th. They set a “neutral” rating and a $80.00 price target for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Friday, March 27th. 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 analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $79.45.

AST SpaceMobile News Summary

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

• Positive Sentiment: ASTS is drawing strong sector-wide buying as the upcoming SpaceX IPO is prompting investors to re-rate space infrastructure names higher. ASTS adds $10B in market cap on bold industry developments
• Positive Sentiment: The company’s June launch plan keeps its 2026 satellite deployment goal in focus, which supports the bullish case that ASTS is moving closer to commercial execution. AST SpaceMobile’s June Launch Plan Puts Its 2026 Satellite Goal Back in Focus
• Positive Sentiment: Coverage continues to highlight ASTS’s direct-to-smartphone satellite technology, FCC progress, and telecom partnerships as long-term growth drivers. Zacks Investment Ideas feature highlights: AST SpaceMobile
• Positive Sentiment: Investors are also focused on ASTS’s Vodafone joint venture and Europe’s push for satellite independence, which could expand demand for the company’s network. ASTS Stock Jumps Overnight: Europe’s Push Against Starlink Shines Spotlight On AST SpaceMobile’s Vodafone JV
• Neutral Sentiment: Social-media chatter and broader space-stock enthusiasm are adding momentum, but these headlines are more sentiment-driven than fundamental. Social Buzz: Wallstreetbets Stocks Mostly Advancing Pre-Bell Wednesday; Intuitive Machines, Rocket Lab to Open Higher
• Negative Sentiment: Some analysts are flagging valuation risk, debt from the recent convertible note issuance, and dilution concerns, which could limit upside if execution slows. The SpaceX IPO Frenzy Is Creating 2 Very Different Bets (ASTS)

Insider Activity at AST SpaceMobile

In other news, major shareholder Hiroshi Mikitani sold 1,350,000 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $86.22, for a total transaction of $116,397,000.00. Following the completion of the sale, the insider directly owned 27,980,155 shares of the company’s stock, valued at $2,412,448,964.10. The trade was a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew Martin Johnson sold 5,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer directly owned 565,805 shares of the company’s stock, valued at $51,063,901.25. This represents a 0.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,100,000 shares of company stock valued at $276,048,350 over the last quarter. 20.89% of the stock is currently owned by corporate insiders.

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.