OP Asset Management Ltd Buys New Position in AST SpaceMobile, Inc. $ASTS

OP Asset Management Ltd bought a new stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) in the first quarter, Holdings Channel.com reports. The fund bought 22,749 shares of the company’s stock, valued at approximately $1,885,000.

Several other hedge funds have also recently added to or reduced their stakes in ASTS. Vanguard Group Inc. boosted its stake in shares of AST SpaceMobile by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company’s stock valued at $1,560,687,000 after purchasing an additional 1,568,292 shares during the last quarter. Vodafone Ventures Ltd bought a new position in AST SpaceMobile during the fourth quarter worth $397,413,000. Morgan Stanley lifted its holdings in AST SpaceMobile by 44.0% in the fourth quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock valued at $338,569,000 after buying an additional 1,425,199 shares during the period. Geode Capital Management LLC lifted its holdings in AST SpaceMobile by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 4,522,549 shares of the company’s stock valued at $328,749,000 after buying an additional 402,505 shares during the period. Finally, State Street Corp boosted its position in AST SpaceMobile by 9.7% during the fourth quarter. State Street Corp now owns 3,951,685 shares of the company’s stock valued at $287,011,000 after acquiring an additional 350,690 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

Insider Transactions at AST SpaceMobile

In other news, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief technology officer owned 34,750 shares in the company, valued at $3,348,857.50. The trade was a 53.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew Martin Johnson sold 45,809 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $93.81, for a total value of $4,297,342.29. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,145,809 shares of company stock worth $280,645,292. 20.89% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ASTS shares. Deutsche Bank Aktiengesellschaft downgraded AST SpaceMobile from a “buy” rating to a “hold” rating and decreased their price target for the stock from $117.00 to $106.00 in a report on Friday, May 29th. Wall Street Zen downgraded AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 15th. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. UBS Group decreased their target price on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Finally, Roth Mkm reiterated a “buy” rating and issued a $108.00 target price on shares of AST SpaceMobile in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $85.09.

More AST SpaceMobile News

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

• Positive Sentiment: Space stocks are catching a bid, and ASTS is rising with the group as investors speculate that capital may be rotating toward non-SpaceX space names. Virgin Galactic Rises 13%, AST SpaceMobile Jumps 9%, Rocket Lab Climbs 5%: Is This a Re-Rotation Out of SpaceX?
• Positive Sentiment: Investors are encouraged by faster satellite launch execution, which could help ASTS advance its network rollout and improve confidence in its commercial timeline. Why Did AST SpaceMobile Stock Pop Today?
• Positive Sentiment: Vodafone-backed Europe rollout plans and Spain-related commercialization comments point to possible international revenue opportunities beginning in 2027. ASTS Stock Rises After-Hours: Vodafone-Backed Europe Rollout Hits Spain, 2027 Launch In View
• Neutral Sentiment: Some commentary remains mixed, noting that ASTS has already fallen sharply from its highs and continues to face concerns about insider selling, analyst downgrades, and capital needs. AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
• Negative Sentiment: Bearish valuation arguments are also weighing on sentiment, with some analysts saying the stock already prices in aggressive execution and a dominant market position despite ongoing cash burn. SpaceX valuation loses altitude as AI risks mount

AST SpaceMobile Price Performance

ASTS stock opened at $71.57 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37. The company’s 50-day moving average is $87.18 and its 200-day moving average is $89.23. The stock 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 1 year low of $36.08 and a 1 year high of $133.86.

AST SpaceMobile (NASDAQ:ASTS) last issued its earnings results 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 net margin of 573.67% and a negative return on equity of 24.87%. The firm had revenue of $14.73 million during the quarter, compared to the consensus estimate of $39.01 million. During the same period in the previous year, the firm earned ($0.20) earnings per share. The business’s quarterly revenue was up 1952.2% on a year-over-year basis. Equities research analysts expect that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

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.