Bank of New York Mellon Corp Acquires 148,464 Shares of AST SpaceMobile, Inc. $ASTS

Posted by George Bondi on Jul 23rd, 2026

Bank of New York Mellon Corp increased its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report) by 21.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 837,559 shares of the company’s stock after buying an additional 148,464 shares during the period. Bank of New York Mellon Corp’s holdings in AST SpaceMobile were worth $69,409,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in AST SpaceMobile in the 4th quarter valued at about $25,000. Laurel Wealth Advisors LLC bought a new position in shares of AST SpaceMobile in the fourth quarter worth about $25,000. Byrne Asset Management LLC acquired a new position in shares of AST SpaceMobile during the fourth quarter worth approximately $29,000. Acumen Wealth Advisors LLC acquired a new position in shares of AST SpaceMobile during the fourth quarter worth approximately $29,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of AST SpaceMobile during the third quarter valued at approximately $29,000. Institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Stock Down 2.2%

Shares of NASDAQ:ASTS opened at $61.95 on Thursday. AST SpaceMobile, Inc. has a one year low of $36.08 and a one year high of $133.86. The company has a 50 day moving average of $85.81 and a 200-day moving average of $88.98. 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 stock has a market cap of $24.04 billion, a price-to-earnings ratio of -34.80 and a beta of 2.69.

AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last posted its quarterly 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). AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The business had revenue of $14.73 million for the quarter, compared to the consensus estimate of $39.01 million. During the same period last year, the firm earned ($0.20) earnings per share. The company’s quarterly revenue was up 1952.2% on a year-over-year basis. On average, sell-side analysts forecast that AST SpaceMobile, Inc. will post -1.38 earnings per share for the current year.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, Director Julio A. Torres sold 15,000 shares of the company’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 legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew Martin Johnson sold 45,809 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $93.81, for a total value of $4,297,342.29. Following the completion of the transaction, the chief financial officer directly owned 503,619 shares in the company, valued at approximately $47,244,498.39. This trade represents a 8.34% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 105,809 shares of company stock worth $9,748,492. Insiders own 20.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ASTS shares. B. Riley Financial raised shares of AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a report on Friday, July 17th. New Street Research set a $106.00 price objective on AST SpaceMobile in a report on Friday, May 29th. Piper Sandler initiated coverage on AST SpaceMobile in a research report on Wednesday, July 15th. They issued an “overweight” rating and a $100.00 price objective on the stock. UBS Group lowered their target price on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Finally, Roth Capital restated a “buy” rating and set a $108.00 target price on shares of AST SpaceMobile in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.95.

View Our Latest Stock Report on ASTS

Key Headlines Impacting AST SpaceMobile

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

Positive Sentiment: AST SpaceMobile completed a private offering of $1.15 billion in convertible senior notes due 2034, which gives it substantially more funding to support satellite deployment and execution of its constellation plan. AST SpaceMobile Announces Completion of Private Offering of $1.15 Billion of Convertible Senior Notes Due 2034
Positive Sentiment: Investors initially viewed the new debt positively once they recognized it could help get the company’s satellites launched, helping explain a sharp move higher earlier in the day. Why a Billion Dollars in New Debt Just Sent ASTS Flying
Positive Sentiment: Management also said BlueBird satellites 8, 9, and 10 are fully deployed, with three more already at Cape, reinforcing progress toward the company’s launch roadmap. ASTS Stock Rises Overnight: CEO Says BlueBirds 8, 9 And 10 Are Fully Deployed — With 3 More Satellites Already At Cape
Neutral Sentiment: Some commentary continued to frame AST SpaceMobile as a high-risk but potentially compelling long-term space stock, with bullish comparisons to other space names. If The Market Crashes, This Is The 1 Space Stock I Can’t Wait To Buy
Neutral Sentiment: Other sector-related coverage compared AST SpaceMobile with Redwire, highlighting the competitive opportunity in the space systems market rather than a clear new catalyst. Better Space Stock: AST SpaceMobile vs. Redwire
Negative Sentiment: Concern remains over the company’s heavy cash burn, and Jim Cramer reiterated that AST SpaceMobile is “losing a fortune,” which may weigh on sentiment. ‘That Thing Has Just Been Crushed’: Cramer On This Tech Stock
Negative Sentiment: Pomerantz LLP announced an investigation into claims on behalf of ASTS investors, adding a legal overhang that can pressure the stock. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AST SpaceMobile, Inc. – ASTS

About AST SpaceMobile

(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.