AST SpaceMobile (NASDAQ:ASTS) CFO Andrew Martin Johnson Sells 5,000 Shares of Stock

AST SpaceMobile, Inc. (NASDAQ:ASTS) CFO Andrew Martin Johnson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $90.25, for a total transaction of $451,250.00. Following the completion of the transaction, the chief financial officer owned 565,805 shares of the company’s stock, valued at approximately $51,063,901.25. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AST SpaceMobile Price Performance

Shares of NASDAQ ASTS opened at $96.23 on Friday. AST SpaceMobile, Inc. has a twelve month low of $22.47 and a twelve month high of $129.89. The firm has a market cap of $36.76 billion, a P/E ratio of -54.06 and a beta of 2.60. The company has a 50 day moving average of $84.65 and a 200 day moving average of $83.31. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings data 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 firm had revenue of $14.74 million during the quarter, compared to analysts’ expectations of $39.01 million. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. AST SpaceMobile’s revenue was up 1952.2% on a year-over-year basis. As a group, research analysts expect that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, April 9th. B. Riley Financial boosted their target price on shares of AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Roth Mkm reiterated a “buy” rating and set a $108.00 target price on shares of AST SpaceMobile in a research note on Tuesday, May 12th. New Street Research assumed coverage on shares of AST SpaceMobile in a research note on Wednesday, May 13th. They set a “neutral” rating and a $80.00 target price for the company. Finally, UBS Group decreased their target price on shares of AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $79.45.

More AST SpaceMobile News

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

• Positive Sentiment: Defiance launched ASTY, a 2X long ETF tied to AST SpaceMobile, underscoring strong trader demand for bullish exposure to ASTS. Defiance Launches ASTY: The 2X Long ETF for AST SpaceMobile, Inc.
• Positive Sentiment: AST SpaceMobile is benefiting from broader interest in space stocks as the SpaceX IPO story boosts valuations across launch, satellite, and AI infrastructure names. SpaceX IPO Filing Is Moving Rocket Lab, CoreWeave, and Other Stocks
• Positive Sentiment: Orange announced new partnerships with AST SpaceMobile to expand direct-to-cell satellite services, including trials in Romania, reinforcing commercial momentum for its network. Orange Satellite And Cyber Moves Add New Angles To Valuation Story
• Positive Sentiment: The company also received support from industry commentary highlighting its FCC approval to provide commercial direct-to-device service in the U.S. and its position as a major beneficiary of rising satellite telecom demand. Forget SpaceX. These 2 Space Stocks Could Be the Real Winners Of the Coming IPO Frenzy
• Neutral Sentiment: Multiple articles focused on ASTS’ sharp long-term run and valuation, suggesting investors are weighing whether the stock’s strong momentum has already priced in a lot of future growth. Is It Too Late To Consider AST SpaceMobile (ASTS) After Its Recent 17x Three Year Surge?
• Negative Sentiment: CFO Andrew Martin Johnson sold 5,000 shares, a small insider sale that may add a bit of caution for some investors, though the position remains largely intact. SEC insider filing

Institutional Investors Weigh In On AST SpaceMobile

Hedge funds have recently modified their holdings of the business. Oppenheimer & Co. Inc. grew its position in shares of AST SpaceMobile by 48.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 532,960 shares of the company’s stock valued at $26,158,000 after acquiring an additional 172,759 shares during the period. Mutual Advisors LLC bought a new stake in shares of AST SpaceMobile during the 3rd quarter valued at $1,882,000. KPP Advisory Services LLC bought a new position in AST SpaceMobile in the 4th quarter worth $1,649,000. M&T Bank Corp boosted its holdings in AST SpaceMobile by 1,062.9% in the 4th quarter. M&T Bank Corp now owns 77,994 shares of the company’s stock worth $5,665,000 after buying an additional 71,287 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in AST SpaceMobile by 28.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 31,580 shares of the company’s stock worth $1,550,000 after buying an additional 6,901 shares during the period. Institutional investors own 60.95% of the company’s stock.

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.