6,583 Shares in AST SpaceMobile, Inc. $ASTS Bought by AG Campbell Advisory LLC

AG Campbell Advisory LLC purchased a new stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) during the 4th quarter, HoldingsChannel reports. The firm purchased 6,583 shares of the company’s stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASTS. Crewe Advisors LLC purchased a new stake in shares of AST SpaceMobile during the 4th quarter worth about $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of AST SpaceMobile during the 4th quarter valued at about $25,000. Byrne Asset Management LLC purchased a new position in shares of AST SpaceMobile in the 4th quarter valued at about $29,000. Acumen Wealth Advisors LLC purchased a new position in shares of AST SpaceMobile in the 4th quarter valued at about $29,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in AST SpaceMobile in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Buying and Selling at AST SpaceMobile

In other news, major shareholder Hiroshi Mikitani sold 1,690,000 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 29,330,155 shares in the company, valued at $2,681,362,770.10. This represents a 5.45% 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 45,809 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $93.81, for a total value of $4,297,342.29. Following the completion of the sale, the chief financial officer directly owned 503,619 shares in the company, valued at approximately $47,244,498.39. The trade was a 8.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,185,809 shares of company stock valued at $284,200,492. Company insiders own 20.89% of the company’s stock.

AST SpaceMobile Price Performance

Shares of NASDAQ ASTS opened at $80.66 on Friday. The business’s 50 day moving average is $89.37 and its two-hundred day moving average is $88.89. AST SpaceMobile, Inc. has a 52-week low of $36.08 and a 52-week high of $133.86. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. The firm has a market cap of $31.31 billion, a price-to-earnings ratio of -45.31 and a beta of 2.70.

AST SpaceMobile (NASDAQ:ASTS) last issued 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). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The business had revenue of $14.73 million during the quarter, compared to analysts’ expectations of $39.01 million. During the same period in the prior year, the business earned ($0.20) EPS. The business’s quarterly revenue was up 1952.2% on a year-over-year basis. Research analysts predict that AST SpaceMobile, Inc. will post -1.47 EPS for the current year.

Trending Headlines about AST SpaceMobile

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

• Positive Sentiment: Successful BlueBird 8, 9, and 10 satellite launches strengthen AST SpaceMobile’s direct-to-device network and support its path toward broader commercial service. AST SpaceMobile Shares Rise on Successful Bluebird Satellite Launches. What This Means for ASTS Stock.
• Positive Sentiment: Analysts and investors are highlighting ASTS’s growing moat, including roughly 60 mobile network operator partnerships, nearly 3 billion potential subscribers, and $1.2 billion in minimum contractual commitments. AST SpaceMobile’s Moat Is Growing
• Positive Sentiment: Several bullish notes argue the stock could benefit from upcoming revenue inflection and operating leverage as the satellite constellation expands and commercial operations approach. AST SpaceMobile: From Bear To Bull – FY27 Commercial Commencement Unlocks Substantial Operating Leverage
• Neutral Sentiment: Some commentary says ASTS still looks volatile, with the recent rally coming after a sharp prior pullback and the stock still well below some valuation estimates. AST SpaceMobile (ASTS) Stock Could Be 38% Below Fair Value Despite Recent Price Move
• Negative Sentiment: Despite the operational progress, ASTS still faces execution risk because it must keep launching satellites and convert its backlog into meaningful revenue before the business model fully scales. ASTS Stock Pops as AST SpaceMobile Launches Bluebird Satellites

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ASTS shares. Barclays increased 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. Roth Mkm reiterated a “buy” rating and issued a $108.00 price objective on shares of AST SpaceMobile in a report on Tuesday, May 12th. B. Riley Financial increased their target price on AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft downgraded AST SpaceMobile from a “buy” rating to a “hold” rating and decreased their target price for the company from $117.00 to $106.00 in a research report on Friday, May 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $81.33.

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.