Swedbank AB purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,014 shares of the company’s stock, valued at approximately $3,399,000.
Other hedge funds also recently made changes to their positions in the company. Ascentis Independent Advisors acquired a new position in shares of AST SpaceMobile in the first quarter worth approximately $384,000. Stephens Inc. AR acquired a new stake in AST SpaceMobile during the 1st quarter valued at approximately $354,000. Praxis Investment Management Inc. increased its position in AST SpaceMobile by 16.7% during the 1st quarter. Praxis Investment Management Inc. now owns 7,417 shares of the company’s stock valued at $615,000 after purchasing an additional 1,061 shares during the period. QRG Capital Management Inc. increased its position in AST SpaceMobile by 18.6% during the 1st quarter. QRG Capital Management Inc. now owns 7,610 shares of the company’s stock valued at $631,000 after purchasing an additional 1,195 shares during the period. Finally, HB Wealth Management LLC bought a new position in AST SpaceMobile during the 1st quarter worth approximately $205,000. 60.95% of the stock is currently owned by institutional investors.
AST SpaceMobile Stock Down 0.8%
AST SpaceMobile stock traded down $0.56 during midday trading on Friday, reaching $73.32. The stock had a trading volume of 7,378,336 shares, compared to its average volume of 20,718,156. AST SpaceMobile, Inc. has a 12 month low of $36.08 and a 12 month high of $133.86. The company has a market capitalization of $28.46 billion, a P/E ratio of -41.19 and a beta of 2.69. The company has a fifty day moving average price of $87.43 and a two-hundred day moving average price of $89.70. 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 News Summary
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: New coverage highlights ASTS’s satellites as potentially useful for defense and emergency communications, reinforcing the company’s strategic value if its network can support mission-critical use cases. Can ASTS Satellites Transform the Future of Defense Communications?
- Positive Sentiment: Another July stock-picking article named AST SpaceMobile among space economy stocks to watch, suggesting some investors still see upside in the sector despite the recent pullback. 3 Space Economy Stocks to Buy in July
- Neutral Sentiment: One valuation-focused piece argued that SpaceX has the edge over ASTS because of lower valuation and faster expected 2026 sales growth, which may pressure sentiment around ASTS’s relative attractiveness. AST SpaceMobile vs. SpaceX: Which Space Connectivity Stock Wins Now?
- Negative Sentiment: Bearish commentary on ASTS says its large capital expenditure needs could lead to further dilution, a key concern for shareholders if additional funding is required. AST SpaceMobile: The CapEx Requirement Will Lead To Further Dilution
- Negative Sentiment: Broader satellite-to-cell competition is heating up, with FCC comments favoring SpaceX and mentioning Amazon, raising concerns that ASTS may face a tougher competitive landscape. ASTS Stock Eyes Worst Week In Over A Month: FCC Chair Says SPCX, AMZN Are Heating Up Satellite-To-Cell Competition
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on ASTS shares. Wall Street Zen downgraded shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Barclays increased their price objective on shares of AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, April 9th. UBS Group lowered their target price on shares of AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Wednesday, June 24th. Finally, William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $85.09.
Read Our Latest Research Report on AST SpaceMobile
Insider Transactions at AST SpaceMobile
In other AST SpaceMobile news, Director Julio A. Torres sold 15,000 shares of the business’s stock in a transaction 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 approximately $3,300,865.26. The trade was a 25.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 of the company’s stock, valued at $47,244,498.39. This trade represents a 8.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,145,809 shares of company stock valued at $280,645,292 over the last ninety days. Company insiders own 20.89% of the company’s stock.
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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