Fjarde AP Fonden Fourth Swedish National Pension Fund Makes New $5.13 Million Investment in AST SpaceMobile, Inc. $ASTS

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 61,900 shares of the company’s stock, valued at approximately $5,130,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Calton & Associates Inc. grew its holdings in shares of AST SpaceMobile by 0.8% in the fourth quarter. Calton & Associates Inc. now owns 13,579 shares of the company’s stock worth $986,000 after purchasing an additional 104 shares during the last quarter. Investmark Advisory Group LLC increased its stake in shares of AST SpaceMobile by 2.7% in the fourth quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company’s stock worth $337,000 after buying an additional 120 shares during the period. ORG Partners LLC raised its holdings in AST SpaceMobile by 4.2% during the 4th quarter. ORG Partners LLC now owns 3,283 shares of the company’s stock valued at $238,000 after buying an additional 133 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in AST SpaceMobile by 18.2% during the 4th quarter. Atlantic Union Bankshares Corp now owns 923 shares of the company’s stock valued at $67,000 after buying an additional 142 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in AST SpaceMobile by 39.0% during the 4th quarter. Larson Financial Group LLC now owns 513 shares of the company’s stock valued at $37,000 after buying an additional 144 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Stock Performance

ASTS opened at $85.13 on Monday. The stock has a market cap of $33.04 billion, a PE ratio of -47.83 and a beta of 2.69. 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 business has a 50 day moving average of $87.38 and a 200-day moving average of $89.59. AST SpaceMobile, Inc. has a 52 week low of $36.08 and a 52 week high of $133.86.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings results 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). The firm had revenue of $14.73 million during 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%.AST SpaceMobile’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) earnings per share. Equities research analysts predict that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current fiscal year.

Insider Transactions at AST SpaceMobile

In other news, CFO Andrew Martin Johnson sold 45,809 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the sale, the chief financial officer owned 503,619 shares in the company, valued at approximately $47,244,498.39. The trade was a 8.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the company’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 sale, the chief technology officer directly owned 34,750 shares in the company, valued at $3,348,857.50. This represents a 53.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 3,145,809 shares of company stock worth $280,645,292. Corporate insiders own 20.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ASTS. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft downgraded shares of AST SpaceMobile from a “buy” rating to a “hold” rating and lowered their price objective for the company from $117.00 to $106.00 in a research note on Friday, May 29th. Wall Street Zen cut AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 15th. B. Riley Financial raised their target price on AST SpaceMobile from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Finally, Barclays boosted their price target on AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $85.09.

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.