Clarus Wealth Advisors purchased a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 22,196 shares of the company’s stock, valued at approximately $1,972,000.
Several other institutional investors and hedge funds have also recently modified their holdings of ASTS. Grove Bank & Trust purchased a new stake in shares of AST SpaceMobile in the second quarter valued at about $27,000. Cornerstone Planning Group LLC raised its stake in AST SpaceMobile by 16,350.0% during the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock worth $27,000 after purchasing an additional 327 shares during the period. Portus Wealth Advisors LLC purchased a new position in AST SpaceMobile during the first quarter worth about $30,000. Advocate Investing Services LLC acquired a new position in AST SpaceMobile in the 1st quarter valued at about $31,000. Finally, Acumen Wealth Advisors LLC acquired a new position in AST SpaceMobile in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.
AST SpaceMobile Trading Down 5.6%
Shares of ASTS stock opened at $55.80 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90. The firm has a market cap of $21.72 billion, a PE ratio of -26.07 and a beta of 2.74. The company has a 50-day moving average of $67.38 and a two-hundred day moving average of $80.96. AST SpaceMobile, Inc. has a 1-year low of $36.08 and a 1-year high of $133.86.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on ASTS. UBS Group dropped their price target on shares of AST SpaceMobile from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Tuesday, August 11th. B. Riley Financial upgraded AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Friday, July 17th. William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a research report on Friday, May 29th. Piper Sandler cut their target price on AST SpaceMobile from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft set a $93.00 target price on AST SpaceMobile in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.98.
Get Our Latest Stock Analysis on AST SpaceMobile
Insider Buying and Selling
In other news, Director Adriana Cisneros bought 10,822 shares of the business’s stock in a transaction on Monday, August 31st. The shares were bought at an average price of $57.22 per share, with a total value of $619,234.84. Following the completion of the transaction, the director directly owned 797,023 shares in the company, valued at $45,605,656.06. This trade represents a 1.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $96.37, for a total value of $3,854,800.00. Following the transaction, the chief technology officer owned 34,750 shares in the company, valued at $3,348,857.50. This trade represents a 53.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.89% of the stock is currently owned by corporate insiders.
Key Headlines Impacting AST SpaceMobile
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: Director Adriana Cisneros purchased 10,822 ASTS shares for approximately $619,235 at an average price of $57.22, increasing her holdings by 1.38% to 797,023 shares. The open-market purchase may signal confidence in the company’s long-term prospects. SEC insider transaction filing
- Positive Sentiment: Japan’s Radio Regulatory Council endorsed a proposed 700 MHz framework for Rakuten and AST SpaceMobile’s direct-to-smartphone network. Final regulations could strengthen ASTS’s international commercial opportunity and competitive position against SpaceX. Japan backs Rakuten-ASTS network
- Positive Sentiment: An investment analysis maintained a bullish long-term view, citing potential multibillion-dollar annual revenue across defense, business-to-business, Internet of Things and other markets. The analysis estimated fair value of $165 per share and a 2030 target range of $315 to $551, although those estimates carry execution risk. AST SpaceMobile Q2 analysis
- Neutral Sentiment: ASTS is expected to pursue a fourth-quarter commercial launch with US Mobile, while broader industry commentary suggests satellite networks will likely complement—not replace—terrestrial towers because urban capacity and bandwidth remain limited. Space race and tower REITs
- Negative Sentiment: Possible manufacturing delays could slow BlueBird satellite production and reduce the near-term launch cadence, prompting the analyst to lower its rating from a stronger bullish stance to “buy.” Increased competition and launch-provider dependence, including concerns related to SpaceX, are also weighing on sentiment. ASTS August decline analysis
- Negative Sentiment: AST SpaceMobile’s latest quarterly results missed expectations, with a loss of $0.77 per share versus a consensus loss estimate of $0.32 and revenue of $31.52 million versus expectations of $34.53 million. Ongoing cash burn, potential dilution and prior insider-selling concerns remain additional risks. AST SpaceMobile FCC and BlueBirds analysis
AST SpaceMobile Profile
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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