AST SpaceMobile, Inc. $ASTS Stock Position Reduced by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 47.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 271,949 shares of the company’s stock after selling 244,631 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.07% of AST SpaceMobile worth $16,007,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ASTS. Apollon Wealth Management LLC grew its stake in shares of AST SpaceMobile by 38.8% during the third quarter. Apollon Wealth Management LLC now owns 51,462 shares of the company’s stock worth $3,029,000 after acquiring an additional 14,392 shares during the last quarter. Purewater Capital LLC acquired a new position in shares of AST SpaceMobile during the third quarter valued at about $492,000. Sigma Planning Corp raised its position in shares of AST SpaceMobile by 6.7% in the 3rd quarter. Sigma Planning Corp now owns 5,116 shares of the company’s stock valued at $297,000 after purchasing an additional 320 shares during the last quarter. Signaturefd LLC raised its position in shares of AST SpaceMobile by 43.4% in the 3rd quarter. Signaturefd LLC now owns 4,021 shares of the company’s stock valued at $237,000 after purchasing an additional 1,217 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in shares of AST SpaceMobile by 8.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 4,138 shares of the company’s stock valued at $244,000 after purchasing an additional 314 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on ASTS shares. Piper Sandler cut shares of AST SpaceMobile from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $98.00 to $54.00 in a research note on Tuesday, October 13th. B. Riley Financial lowered shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and cut their price target for the company from $85.00 to $65.00 in a research note on Friday, October 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, September 21st. Royal Bank Of Canada downgraded shares of AST SpaceMobile to a “sector perform” rating in a research note on Friday, October 2nd. Finally, Berenberg Bank started coverage on shares of AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating and a $92.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, AST SpaceMobile has an average rating of “Hold” and a consensus price target of $80.67.

AST SpaceMobile News Summary

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

• Positive Sentiment: AST SpaceMobile announced meaningful progress in Brazil, Latin America’s largest economy. Brazil’s telecom regulator approved use of S-band spectrum and secondary use of the 700 MHz band, while the company reached agreements with four regional operators and outlined plans for ground infrastructure. The developments could expand ASTS’s addressable market and support future service revenue. AST SpaceMobile Advances Brazil Expansion
• Neutral Sentiment: The company will release its third-quarter 2026 business and financial update on November 9. Management is expected to discuss operating progress, financial results and investor questions, making the call a potential near-term volatility event. AST SpaceMobile Third-Quarter Business Update
• Neutral Sentiment: One market report showed reported short interest of zero shares as of October 26, implying no measurable short-selling pressure in that dataset. However, the figure conflicts with the article’s headline and should be treated cautiously until confirmed through reliable exchange data.
• Negative Sentiment: Several law firms are promoting a securities class action covering investors who purchased ASTS securities between March 4, 2025, and July 15, 2026. The allegations include inadequate disclosure of slow user adoption in the U.S. and Japan and dilution associated with three $1 billion convertible-note offerings. Although the notices do not establish wrongdoing, the repeated legal announcements add reputational, litigation and dilution concerns. The lead-plaintiff deadline is November 13, 2026. ASTS Shareholder Alert
• Negative Sentiment: Valuation remains a key overhang: market commentator Herb Greenberg cited an enterprise value of roughly 140 times trailing revenue and trailing EBITDA losses of approximately $532 million. Those metrics raise concern that ASTS’s ambitious growth expectations may already be heavily reflected in its valuation. ASTS Valuation Commentary

AST SpaceMobile Trading Down 0.9%

AST SpaceMobile stock opened at $39.45 on Tuesday. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24. AST SpaceMobile, Inc. has a 52 week low of $36.72 and a 52 week high of $133.86. The company has a market capitalization of $15.35 billion, a price-to-earnings ratio of -18.43 and a beta of 2.72. The stock has a 50-day moving average price of $57.05 and a 200 day moving average price of $78.76.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.45). The business had revenue of $31.52 million during the quarter, compared to analysts’ expectations of $34.53 million. AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. During the same period in the previous year, the company posted ($0.41) earnings per share. Sell-side analysts anticipate that AST SpaceMobile, Inc. will post -1.91 EPS for the current year.

Insider Buying and Selling at AST SpaceMobile

In other news, COO Shanti B. Gupta sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction of $706,680.00. Following the completion of the transaction, the chief operating officer directly owned 462,980 shares of the company’s stock, valued at $27,264,892.20. This represents a 2.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $58.93, for a total value of $2,357,200.00. Following the transaction, the chief technology officer owned 34,750 shares in the company, valued at $2,047,817.50. This trade represents a 53.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.89% of the stock is owned by corporate insiders.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.