AST SpaceMobile, Inc. $ASTS Stock Holdings Reduced by Greenhaven Road Investment Management L.P.

Greenhaven Road Investment Management L.P. lowered its position in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,219 shares of the company’s stock after selling 53,892 shares during the quarter. AST SpaceMobile makes up approximately 3.4% of Greenhaven Road Investment Management L.P.’s holdings, making the stock its 7th biggest position. Greenhaven Road Investment Management L.P.’s holdings in AST SpaceMobile were worth $19,989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in AST SpaceMobile by 14.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 470,655 shares of the company’s stock valued at $34,184,000 after purchasing an additional 58,824 shares in the last quarter. Wealthspire Advisors LLC grew its stake in AST SpaceMobile by 104.7% in the fourth quarter. Wealthspire Advisors LLC now owns 6,097 shares of the company’s stock valued at $443,000 after purchasing an additional 3,119 shares in the last quarter. Hollencrest Capital Management grew its stake in AST SpaceMobile by 80.4% in the fourth quarter. Hollencrest Capital Management now owns 1,425 shares of the company’s stock valued at $103,000 after purchasing an additional 635 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in AST SpaceMobile by 4.2% in the fourth quarter. Orion Porfolio Solutions LLC now owns 27,034 shares of the company’s stock valued at $1,963,000 after purchasing an additional 1,089 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in AST SpaceMobile by 15.3% in the fourth quarter. MetLife Investment Management LLC now owns 13,407 shares of the company’s stock valued at $974,000 after purchasing an additional 1,778 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Andrew Martin Johnson sold 45,809 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the completion of the transaction, the chief financial officer owned 503,619 shares of the company’s stock, valued at approximately $47,244,498.39. The trade was a 8.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Hiroshi Mikitani sold 1,690,000 shares of the business’s 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 transaction, the insider directly owned 29,330,155 shares of the company’s stock, valued at $2,681,362,770.10. This represents a 5.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,185,809 shares of company stock worth $284,200,492 over the last quarter. 20.89% of the stock is currently owned by company insiders.

AST SpaceMobile Price Performance

Shares of NASDAQ:ASTS opened at $82.41 on Friday. AST SpaceMobile, Inc. has a fifty-two week low of $36.08 and a fifty-two week high of $133.86. The business has a 50-day moving average of $90.42 and a two-hundred day moving average of $87.92. The stock has a market capitalization of $31.98 billion, a P/E ratio of -46.30 and a beta of 2.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.66) earnings per share 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 company had revenue of $14.74 million during the quarter, compared to analyst estimates of $39.01 million. During the same period in the prior year, the firm earned ($0.20) EPS. AST SpaceMobile’s quarterly revenue was up 1952.2% on a year-over-year basis. On average, equities research analysts predict that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Roth Mkm restated a “buy” rating and issued a $108.00 target price on shares of AST SpaceMobile in a research note on Tuesday, May 12th. New Street Research set a $106.00 price target on AST SpaceMobile in a research report on Friday, May 29th. Wall Street Zen cut AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Zacks Research raised AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Barclays boosted their price target on AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $81.33.

Key AST SpaceMobile News

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

• Positive Sentiment: Some commentary remains constructive on AST SpaceMobile’s long-term potential, highlighting its direct-to-smartphone satellite connectivity model, nearly 60 mobile network operator partners, and a large deployment pipeline that could support a move toward $150 by 2027. Prediction: Can AST SpaceMobile Soar to $150 by 2027?
• Positive Sentiment: Earlier in the week, ASTS also benefited from bullish sector momentum after BlueBird launch timing was confirmed for June 17, reinforcing the view that near-term catalysts still exist despite Friday’s pullback. AST SpaceMobile Stock Climbs Ahead of SpaceX IPO As BlueBird Launch Date Confirmed for June 17
• Neutral Sentiment: Analysts and market commentary are framing the move as largely sentiment-driven rather than based on fresh company-specific operating news, with SpaceX IPO excitement lifting and then pressuring comparable space stocks throughout the session. SpaceX, Tesla, EchoStar, and More Stocks That Explain Today’s Market
• Negative Sentiment: AST SpaceMobile shares are being hit in a broad space-sector reset, with one report describing the stock as down sharply alongside Virgin Galactic and Rocket Lab as investors reassess valuations after the SpaceX debut. Virgin Galactic Craters 24%, Rocket Lab Drops 8%, AST SpaceMobile Falls 10% as SpaceX Hype Triggers a Space-Stock Shakeout
• Negative Sentiment: Short-seller criticism of space stocks is adding pressure to ASTS by reinforcing concerns that many of the sector’s growth expectations are too speculative in the wake of SpaceX’s public trading debut. Space Stocks Get Torched: Short Seller Calls Them ‘Sci-Fi Wishes’

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.