Quantinno Capital Management LP grew its position in AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report) by 1,644.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 305,908 shares of the company’s stock after buying an additional 288,376 shares during the period. Quantinno Capital Management LP’s holdings in AST SpaceMobile were worth $25,351,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Focus Partners Wealth increased its holdings in shares of AST SpaceMobile by 8,016.7% in the fourth quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock worth $92,000,000 after acquiring an additional 1,253,967 shares in the last quarter. KPP Advisory Services LLC bought a new position in shares of AST SpaceMobile during the 4th quarter valued at about $1,649,000. M&T Bank Corp lifted its holdings in shares of AST SpaceMobile by 1,062.9% during the 4th quarter. M&T Bank Corp now owns 77,994 shares of the company’s stock valued at $5,665,000 after purchasing an additional 71,287 shares in the last quarter. ABN Amro Investment Solutions acquired a new position in shares of AST SpaceMobile in the 1st quarter valued at approximately $996,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of AST SpaceMobile in the 4th quarter valued at approximately $2,290,000. Institutional investors own 60.95% of the company’s stock.
Insider Activity at AST SpaceMobile
In related news, 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 sale, the chief technology officer owned 34,750 shares in the company, valued at approximately $3,348,857.50. This represents a 53.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julio A. Torres sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $76.34, for a total value of $1,145,100.00. Following the sale, the director owned 43,239 shares in the company, valued at $3,300,865.26. The trade was a 25.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 105,809 shares of company stock valued at $9,748,492. 20.89% of the stock is owned by insiders.
Analysts Set New Price Targets
View Our Latest Research Report on AST SpaceMobile
AST SpaceMobile Stock Up 0.9%
Shares of ASTS stock opened at $58.98 on Friday. 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 $36.08 and a 1 year high of $133.86. The firm’s fifty day moving average price is $81.16 and its two-hundred day moving average price is $87.34. The firm has a market capitalization of $22.89 billion, a P/E ratio of -33.13 and a beta of 2.69.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate 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% compared to the same quarter last year. On average, equities analysts predict that AST SpaceMobile, Inc. will post -1.38 EPS for the current fiscal year.
AST SpaceMobile News Summary
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: AST SpaceMobile is preparing to launch three BlueBird satellites on August 5. A successful mission could expand coverage in priority markets, support the company’s delayed network rollout, and strengthen its position in direct-to-smartphone connectivity. AST SpaceMobile, Inc. (ASTS) Stock: Slightly Surges as Three BlueBird Satellites Raise the Stakes
- Positive Sentiment: The company has reportedly secured its next launch for its large BlueBird satellites, again working with a major launch partner. Additional launch capacity would help AST SpaceMobile build out its planned global cellular network. AST SpaceMobile Locks In Next Launch For Its Mega Satellites
- Positive Sentiment: Scotiabank raised AST SpaceMobile to “Sector Perform,” indicating a more constructive view of the shares after their recent decline, although the rating is not an outright bullish recommendation. AST SpaceMobile Raised to Sector Perform at Scotiabank
- Neutral Sentiment: Several comparisons with Rocket Lab and Intuitive Machines highlight AST SpaceMobile’s differentiated strategy: providing broadband cellular service to ordinary, unmodified smartphones. The articles are opinion-based and do not represent new company-specific developments. AST SpaceMobile vs. Rocket Lab
- Negative Sentiment: Pomerantz LLP is investigating potential claims on behalf of AST SpaceMobile investors. Such announcements can create legal and reputational overhang, though the investigation does not establish wrongdoing. Pomerantz Law Firm Investigates Claims
- Negative Sentiment: Broader selling in space stocks and AST SpaceMobile’s steep recent decline continue to signal high volatility and investor caution. The company also faces competitive pressure from Starlink while it scales its network. SpaceX Is Now Down 36% in a Month
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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