Caitong International Asset Management Co. Ltd Acquires 45,959 Shares of AST SpaceMobile, Inc. $ASTS

Caitong International Asset Management Co. Ltd raised its stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 3,320.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,343 shares of the company’s stock after acquiring an additional 45,959 shares during the period. AST SpaceMobile accounts for about 0.8% of Caitong International Asset Management Co. Ltd’s holdings, making the stock its 19th biggest holding. Caitong International Asset Management Co. Ltd’s holdings in AST SpaceMobile were worth $3,439,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of AST SpaceMobile by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company’s stock valued at $1,560,687,000 after purchasing an additional 1,568,292 shares in the last quarter. Vodafone Ventures Ltd bought a new position in AST SpaceMobile in the fourth quarter valued at $397,413,000. Morgan Stanley increased its stake in AST SpaceMobile by 44.0% in the 4th quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock valued at $338,569,000 after buying an additional 1,425,199 shares during the last quarter. Geode Capital Management LLC increased its stake in AST SpaceMobile by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 4,522,549 shares of the company’s stock valued at $328,749,000 after buying an additional 402,505 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of AST SpaceMobile by 9.7% during the 4th quarter. State Street Corp now owns 3,951,685 shares of the company’s stock worth $287,011,000 after buying an additional 350,690 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

More AST SpaceMobile News

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

Insider Activity

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $96.37, for a total transaction of $3,854,800.00. Following the completion of the transaction, the chief technology officer owned 34,750 shares of the company’s stock, valued at approximately $3,348,857.50. The trade was a 53.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julio A. Torres sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the completion of the sale, the director owned 43,239 shares in the company, valued at $3,300,865.26. This represents a 25.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,185,809 shares of company stock valued at $284,200,492. 20.89% of the stock is owned by insiders.

AST SpaceMobile Price Performance

Shares of NASDAQ ASTS opened at $80.66 on Friday. The stock has a market capitalization of $31.31 billion, a PE ratio of -45.31 and a beta of 2.70. AST SpaceMobile, Inc. has a fifty-two week low of $36.08 and a fifty-two week high of $133.86. The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37. The business has a fifty day moving average price of $89.37 and a two-hundred day moving average price of $88.89.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $14.73 million for the quarter, compared to the consensus estimate of $39.01 million. During the same period in the prior year, the company earned ($0.20) EPS. The company’s revenue for the quarter was up 1952.2% compared to the same quarter last year. As a group, equities analysts predict that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ASTS. Barclays boosted their target price on shares of AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, April 9th. New Street Research set a $106.00 target price on AST SpaceMobile in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft lowered AST SpaceMobile from a “buy” rating to a “hold” rating and decreased their target price for the stock from $117.00 to $106.00 in a report on Friday, May 29th. B. Riley Financial increased their price target on AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $108.00 price target on shares of AST SpaceMobile in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $81.33.

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.