Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $23.88 Million in AST SpaceMobile, Inc. $ASTS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) during the first quarter, Holdings Channel.com reports. The fund bought 288,122 shares of the company’s stock, valued at approximately $23,877,000.

Several other hedge funds have also recently added to or reduced their stakes in ASTS. Crewe Advisors LLC purchased a new position in AST SpaceMobile in the fourth quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in shares of AST SpaceMobile in the 4th quarter valued at approximately $25,000. Byrne Asset Management LLC acquired a new stake in shares of AST SpaceMobile in the 4th quarter valued at $29,000. Acumen Wealth Advisors LLC purchased a new stake in shares of AST SpaceMobile during the 4th quarter worth $29,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of AST SpaceMobile during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Key Headlines Impacting AST SpaceMobile

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

• Positive Sentiment: New coverage highlights ASTS’s satellites as potentially useful for defense and emergency communications, reinforcing the company’s strategic value if its network can support mission-critical use cases. Can ASTS Satellites Transform the Future of Defense Communications?
• Positive Sentiment: Another July stock-picking article named AST SpaceMobile among space economy stocks to watch, suggesting some investors still see upside in the sector despite the recent pullback. 3 Space Economy Stocks to Buy in July
• Neutral Sentiment: One valuation-focused piece argued that SpaceX has the edge over ASTS because of lower valuation and faster expected 2026 sales growth, which may pressure sentiment around ASTS’s relative attractiveness. AST SpaceMobile vs. SpaceX: Which Space Connectivity Stock Wins Now?
• Negative Sentiment: Bearish commentary on ASTS says its large capital expenditure needs could lead to further dilution, a key concern for shareholders if additional funding is required. AST SpaceMobile: The CapEx Requirement Will Lead To Further Dilution
• Negative Sentiment: Broader satellite-to-cell competition is heating up, with FCC comments favoring SpaceX and mentioning Amazon, raising concerns that ASTS may face a tougher competitive landscape. ASTS Stock Eyes Worst Week In Over A Month: FCC Chair Says SPCX, AMZN Are Heating Up Satellite-To-Cell Competition

Wall Street Analyst Weigh In

A number of brokerages recently commented on ASTS. Deutsche Bank Aktiengesellschaft downgraded shares of AST SpaceMobile from a “buy” rating to a “hold” rating and lowered their target price for the stock from $117.00 to $106.00 in a research note on Friday, May 29th. UBS Group decreased 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. Wall Street Zen cut AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Roth Capital reiterated a “buy” rating and issued a $108.00 price objective on shares of AST SpaceMobile in a report on Tuesday, May 12th. Finally, William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a report on Friday, May 29th. One equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $85.09.

AST SpaceMobile Price Performance

Shares of NASDAQ:ASTS opened at $73.32 on Monday. The firm has a 50 day simple moving average of $87.43 and a 200-day simple moving average of $89.72. AST SpaceMobile, Inc. has a twelve month low of $36.08 and a twelve month high of $133.86. 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 company has a market capitalization of $28.46 billion, a PE ratio of -41.19 and a beta of 2.69.

AST SpaceMobile (NASDAQ:ASTS) last posted 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 company had revenue of $14.73 million during the quarter, compared to analysts’ expectations of $39.01 million. During the same period last year, the business earned ($0.20) earnings per share. The company’s quarterly revenue was up 1952.2% on a year-over-year basis. On average, equities analysts predict that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief technology officer owned 34,750 shares of the company’s stock, valued at approximately $3,348,857.50. This trade represents a 53.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 AST SpaceMobile stock in a transaction dated 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 sale, the chief financial officer owned 503,619 shares in the company, valued at $47,244,498.39. This trade represents a 8.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,145,809 shares of company stock valued at $280,645,292 in the last ninety days. 20.89% of the stock is currently owned by insiders.

AST SpaceMobile Company 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.