PNC Financial Services Group Inc. Has $8.02 Million Stock Position in AST SpaceMobile, Inc. $ASTS

Posted by Brian Himes on May 25th, 2026

PNC Financial Services Group Inc. decreased its position in AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report) by 10.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 110,417 shares of the company’s stock after selling 13,295 shares during the period. PNC Financial Services Group Inc.’s holdings in AST SpaceMobile were worth $8,020,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ASTS. REAP Financial Group LLC acquired a new position in shares of AST SpaceMobile in the 3rd quarter valued at $25,000. Crewe Advisors LLC acquired a new position in shares of AST SpaceMobile in the 4th quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of AST SpaceMobile in the 4th quarter valued at $25,000. Byrne Asset Management LLC acquired a new position in shares of AST SpaceMobile in the 4th quarter valued at $29,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of AST SpaceMobile in the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Key Stories Impacting AST SpaceMobile

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

Positive Sentiment: Defiance launched ASTY, a 2X long ETF on AST SpaceMobile, signaling strong trader demand for bullish exposure to ASTS. Defiance Launches ASTY: The 2X Long ETF for AST SpaceMobile, Inc.
Positive Sentiment: ASTS is benefiting from broader enthusiasm for space infrastructure names ahead of the SpaceX IPO, which has lifted sentiment across satellite and launch stocks. SpaceX IPO Filing Is Moving Rocket Lab, CoreWeave, and Other Stocks
Positive Sentiment: Commentary has also pointed to AST SpaceMobile’s FCC approval and its role as a likely beneficiary of rising satellite-to-phone demand, supporting the company’s long-term growth narrative. Forget SpaceX. These 2 Space Stocks Could Be the Real Winners Of the Coming IPO Frenzy
Neutral Sentiment: Several articles focused on ASTS’s huge multi-year run and asked whether the stock is getting expensive, suggesting some investors are weighing valuation against future growth. Is It Too Late To Consider AST SpaceMobile (ASTS) After Its Recent 17x Three Year Surge?
Negative Sentiment: ASTS CFO Andrew Martin Johnson sold 5,000 shares, a small insider sale that may prompt some caution, though his remaining stake is still substantial. SEC insider filing

Insider Activity at AST SpaceMobile

In related news, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $88.88, for a total value of $3,555,200.00. Following the completion of the transaction, the chief technology officer directly owned 4,750 shares of the company’s stock, valued at approximately $422,180. This represents a 89.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $154,499,800.00. Following the completion of the transaction, the insider directly owned 29,330,155 shares of the company’s stock, valued at approximately $2,681,362,770.10. The trade was a 5.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,100,000 shares of company stock valued at $276,048,350 in the last quarter. 20.89% of the stock is currently owned by company insiders.

AST SpaceMobile Price Performance

Shares of NASDAQ ASTS opened at $105.86 on Monday. The firm has a market cap of $41.09 billion, a PE ratio of -59.47 and a beta of 2.60. The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11. AST SpaceMobile, Inc. has a 1-year low of $22.47 and a 1-year high of $129.89. The company has a fifty day moving average price of $85.01 and a 200 day moving average price of $83.55.

AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last announced its earnings results on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.43). The company had revenue of $14.74 million during the quarter, compared to analyst estimates 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 posted ($0.20) earnings per share. Research analysts predict that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 15th. Zacks Research raised shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of AST SpaceMobile in a report on Wednesday, April 15th. Finally, New Street Research assumed coverage on shares of AST SpaceMobile in a report on Wednesday, May 13th. They issued a “neutral” rating and a $80.00 price target for the company. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $79.45.

Check Out Our Latest Report on AST SpaceMobile

AST SpaceMobile Profile

(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.