Scott Wisniewski Sells 25,904 Shares of AST SpaceMobile (NASDAQ:ASTS) Stock

AST SpaceMobile, Inc. (NASDAQ:ASTSGet Free Report) President Scott Wisniewski sold 25,904 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $126.64, for a total transaction of $3,280,482.56. Following the completion of the sale, the president directly owned 745,973 shares in the company, valued at $94,470,020.72. This represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

AST SpaceMobile Trading Up 2.7%

Shares of ASTS opened at $133.09 on Friday. The firm’s 50 day simple moving average is $87.61 and its 200 day simple moving average is $85.05. The company has a market capitalization of $51.65 billion, a P/E ratio of -74.77 and a beta of 2.60. 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 1-year low of $22.47 and a 1-year high of $133.86.

AST SpaceMobile (NASDAQ:ASTSGet Free Report) last posted its quarterly 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 business had revenue of $14.74 million for 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 company’s revenue was up 1952.2% compared to the same quarter last year. During the same period last year, the business posted ($0.20) earnings per share. Sell-side analysts forecast that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ASTS. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Friday, March 27th. Wall Street Zen downgraded shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 15th. New Street Research began coverage on shares of AST SpaceMobile in a research note on Wednesday, May 13th. They issued a “neutral” rating and a $80.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of AST SpaceMobile in a research note on Wednesday, April 15th. Finally, Roth Mkm reissued a “buy” rating and issued a $108.00 price target on shares of AST SpaceMobile in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, AST SpaceMobile has an average rating of “Reduce” and a consensus target price of $79.45.

Get Our Latest Stock Analysis on ASTS

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its stake in shares of AST SpaceMobile by 16,350.0% in the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock worth $27,000 after buying an additional 327 shares during the period. Crewe Advisors LLC purchased a new position in shares of AST SpaceMobile in the fourth quarter worth $25,000. Laurel Wealth Advisors LLC bought a new stake in AST SpaceMobile in the fourth quarter valued at $25,000. Portus Wealth Advisors LLC bought a new stake in AST SpaceMobile in the first quarter valued at $30,000. Finally, Advocate Investing Services LLC bought a new stake in AST SpaceMobile in the first quarter valued at $31,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

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AST SpaceMobile Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for AST SpaceMobile (NASDAQ:ASTS)

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