AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $96.37, for a total value of $3,854,800.00. Following the completion of the sale, the chief technology officer owned 34,750 shares in the company, valued at $3,348,857.50. The trade was a 53.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Huiwen Yao also recently made the following trade(s):
- On Monday, March 23rd, Huiwen Yao sold 40,000 shares of AST SpaceMobile stock. The shares were sold at an average price of $88.88, for a total value of $3,555,200.00.
AST SpaceMobile Stock Performance
ASTS stock opened at $87.32 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 18.37 and a current ratio of 18.47. The stock has a market capitalization of $33.89 billion, a price-to-earnings ratio of -49.06 and a beta of 2.70. AST SpaceMobile, Inc. has a 1 year low of $35.33 and a 1 year high of $133.86. The stock’s fifty day moving average is $90.16 and its two-hundred day moving average is $87.64.
AST SpaceMobile News Summary
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: AST SpaceMobile confirmed its June 17 launch for BlueBird 8, 9, and 10 satellites, a key step toward expanding its space-based cellular broadband network and advancing its 2026 deployment goals. AST SpaceMobile Announces Launch Date for BlueBird Satellites 8, 9, and 10
- Positive Sentiment: Speculation around a future SpaceX IPO is drawing more attention to space-related stocks, which could keep ASTS in focus as a “space winner” if investor enthusiasm for the sector builds. The SpaceX IPO Is Closer Than You Think. These Are the Stocks That Win When It Happens.
- Neutral Sentiment: Analyst commentary continues to frame AST SpaceMobile as a high-potential but still speculative connectivity play versus traditional carriers like Verizon, with valuation tied heavily to execution on launches and network expansion. VZ vs. ASTS: Which Connectivity Stock is the Better Buy?
- Neutral Sentiment: The company has also been highlighted for its recent post-earnings share strength and the market’s focus on whether that momentum can continue after the latest results. AST SpaceMobile (ASTS) Up 21.6% Since Last Earnings Report: Can It Continue?
- Negative Sentiment: Near-term pressure is coming from volatility warnings, analyst downgrades, and heavy insider selling, including a recent CTO share sale, which may make investors more cautious after the stock’s sharp pullback from its recent highs. AST SpaceMobile’s SpaceX Catalyst Could Come With a Volatility Warning
Hedge Funds Weigh In On AST SpaceMobile
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its position in shares of AST SpaceMobile by 1.1% in the 1st quarter. NewEdge Advisors LLC now owns 93,836 shares of the company’s stock valued at $7,776,000 after purchasing an additional 1,036 shares during the period. Optiver Holding B.V. acquired a new position in shares of AST SpaceMobile in the 1st quarter valued at $445,000. Foguth Wealth Management LLC. boosted its position in AST SpaceMobile by 23.5% during the 1st 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 during the period. Western Wealth Management LLC grew 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 acquiring an additional 5,108 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in AST SpaceMobile by 140.3% during the 1st quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock valued at $136,259,000 after acquiring an additional 960,045 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.
Analyst Upgrades and Downgrades
ASTS has been the topic of a number of research analyst reports. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a report on Friday, May 29th. Zacks Research raised AST SpaceMobile from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a report on Friday, March 27th. Roth Mkm reiterated a “buy” rating and issued a $108.00 price target on shares of AST SpaceMobile in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. One investment 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $81.33.
Check Out Our Latest Research Report on ASTS
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.
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