AST SpaceMobile (NASDAQ:ASTS) CFO Sells $4,297,342.29 in Stock

AST SpaceMobile, Inc. (NASDAQ:ASTS) CFO Andrew Martin Johnson sold 45,809 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $93.81, for a total value of $4,297,342.29. Following the transaction, the chief financial officer directly owned 503,619 shares of the company’s stock, valued at $47,244,498.39. The trade was a 8.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Andrew Martin Johnson also recently made the following trade(s):

• On Wednesday, May 20th, Andrew Martin Johnson sold 5,000 shares of AST SpaceMobile stock. The shares were sold at an average price of $90.25, for a total value of $451,250.00.

AST SpaceMobile Stock Performance

ASTS opened at $82.41 on Monday. The business has a 50 day simple moving average of $90.42 and a two-hundred day simple moving average of $88.15. The firm has a market capitalization of $31.98 billion, a price-to-earnings 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, Inc. has a one year low of $36.08 and a one year high of $133.86.

AST SpaceMobile (NASDAQ:ASTS) last released 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). The business had revenue of $14.74 million for the quarter, compared to the consensus estimate of $39.01 million. AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The company’s revenue for the quarter was up 1952.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.20) EPS. Analysts predict that AST SpaceMobile, Inc. will post -1.47 EPS for the current year.

Institutional Investors Weigh In On AST SpaceMobile

Several hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its holdings in AST SpaceMobile by 1.1% in the first quarter. NewEdge Advisors LLC now owns 93,836 shares of the company’s stock worth $7,776,000 after acquiring an additional 1,036 shares in the last quarter. Optiver Holding B.V. bought a new stake in AST SpaceMobile in the first quarter worth $445,000. Foguth Wealth Management LLC. boosted its holdings in AST SpaceMobile by 23.5% in the first quarter. Foguth Wealth Management LLC. now owns 10,099 shares of the company’s stock worth $837,000 after acquiring an additional 1,923 shares in the last quarter. Western Wealth Management LLC boosted its stake in AST SpaceMobile by 105.3% during the 1st quarter. Western Wealth Management LLC now owns 9,961 shares of the company’s stock valued at $825,000 after purchasing an additional 5,108 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of AST SpaceMobile by 140.3% in the 1st quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock worth $136,259,000 after purchasing an additional 960,045 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

More 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’

Wall Street Analysts Forecast Growth

ASTS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered AST SpaceMobile from a “buy” rating to a “hold” rating and lowered their price target for the company from $117.00 to $106.00 in a research report on Friday, May 29th. UBS Group dropped their price target on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. B. Riley Financial lifted their price target on AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Friday, March 27th. Finally, Barclays boosted their price objective on shares of AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, AST SpaceMobile presently has a consensus rating of “Reduce” and an average price target of $81.33.

AST SpaceMobile Company 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.