AST SpaceMobile, Inc. $ASTS Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in AST SpaceMobile, Inc. (NASDAQ:ASTSFree Report) by 18.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,157 shares of the company’s stock after acquiring an additional 11,813 shares during the period. SG Americas Securities LLC’s holdings in AST SpaceMobile were worth $6,228,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Calton & Associates Inc. grew its holdings in AST SpaceMobile by 0.8% during the 4th quarter. Calton & Associates Inc. now owns 13,579 shares of the company’s stock worth $986,000 after acquiring an additional 104 shares in the last quarter. Investmark Advisory Group LLC raised its stake in shares of AST SpaceMobile by 2.7% in the 4th quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company’s stock valued at $337,000 after purchasing an additional 120 shares in the last quarter. ORG Partners LLC lifted its position in shares of AST SpaceMobile by 4.2% during the fourth quarter. ORG Partners LLC now owns 3,283 shares of the company’s stock worth $238,000 after purchasing an additional 133 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in AST SpaceMobile by 18.2% in the fourth quarter. Atlantic Union Bankshares Corp now owns 923 shares of the company’s stock worth $67,000 after purchasing an additional 142 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in AST SpaceMobile by 39.0% in the fourth quarter. Larson Financial Group LLC now owns 513 shares of the company’s stock worth $37,000 after purchasing an additional 144 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on ASTS shares. Zacks Research upgraded AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. UBS Group lowered their price target on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft lowered AST SpaceMobile from a “buy” rating to a “hold” rating and dropped their price target for the company from $117.00 to $106.00 in a research report on Friday, May 29th. William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. Finally, Barclays lifted their price objective on shares of AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AST SpaceMobile currently has a consensus rating of “Reduce” and an average price target of $85.09.

Check Out Our Latest Stock Report on ASTS

Insider Activity

In related news, CFO Andrew Martin Johnson sold 45,809 shares of AST SpaceMobile stock in a transaction dated 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 directly owned 503,619 shares in the company, valued at $47,244,498.39. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julio A. Torres sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the sale, the director owned 43,239 shares in the company, valued at $3,300,865.26. This trade represents a 25.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,145,809 shares of company stock worth $280,645,292 over the last ninety days. 20.89% of the stock is owned by company insiders.

AST SpaceMobile News Roundup

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

AST SpaceMobile Stock Up 0.2%

NASDAQ:ASTS opened at $71.57 on Monday. The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average of $87.18 and a 200-day moving average of $89.23. The firm has a market capitalization of $27.78 billion, a PE ratio of -40.21 and a beta of 2.70. AST SpaceMobile, Inc. has a 52 week low of $36.08 and a 52 week high of $133.86.

AST SpaceMobile (NASDAQ:ASTSGet Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.66) EPS 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 company had revenue of $14.73 million for the quarter, compared to the consensus estimate of $39.01 million. AST SpaceMobile’s quarterly revenue was up 1952.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.20) earnings per share. Analysts predict that AST SpaceMobile, Inc. will post -1.47 EPS for the current year.

AST SpaceMobile Company 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.

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Institutional Ownership by Quarter for AST SpaceMobile (NASDAQ:ASTS)

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