AST SpaceMobile, Inc. $ASTS Shares Newly Acquired by REX Advisers LLC

REX Advisers LLC acquired a new stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 15,700 shares of the company’s stock, valued at approximately $933,000. AST SpaceMobile makes up about 4.1% of REX Advisers LLC’s holdings, making the stock its 8th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its holdings in AST SpaceMobile by 6.6% during the first quarter. Capital Advisors Ltd. LLC now owns 2,638 shares of the company’s stock valued at $219,000 after purchasing an additional 164 shares in the last quarter. Hollencrest Capital Management raised its stake in AST SpaceMobile by 11.7% during the 1st quarter. Hollencrest Capital Management now owns 1,592 shares of the company’s stock valued at $132,000 after purchasing an additional 167 shares during the period. Byrne Asset Management LLC lifted its holdings in AST SpaceMobile by 17.0% in the 3rd quarter. Byrne Asset Management LLC now owns 1,170 shares of the company’s stock worth $67,000 after purchasing an additional 170 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in AST SpaceMobile by 15.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,404 shares of the company’s stock worth $121,000 after purchasing an additional 188 shares during the period. Finally, HHM Wealth Advisors LLC boosted its stake in AST SpaceMobile by 72.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 465 shares of the company’s stock worth $39,000 after purchasing an additional 195 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

AST SpaceMobile News Summary

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

• Positive Sentiment: AST SpaceMobile and TELUS completed a direct-to-smartphone satellite connectivity test in Canada using standard mobile devices. The demonstration supports ASTS’s commercial model of extending cellular coverage without specialized user equipment. AST SpaceMobile completed its first direct satellite-to-smartphone test in Canada
• Positive Sentiment: ASTS has received attention from a U.S.-Japan technology initiative and maintains carrier and launch relationships that could support future deployment. Some analysts remain bullish, with reported price targets well above the current trading range, although those forecasts depend on successful launches and customer adoption. AST SpaceMobile received U.S.-Japan backing
• Neutral Sentiment: Clear Street described the FCC’s October 29 agenda as mixed for ASTS: proposed actions may benefit its carrier partnerships, but a narrower auction-related risk remains. The firm kept a Buy rating. Clear Street calls FCC meeting agenda mixed for AST SpaceMobile
• Negative Sentiment: A satellite rival’s regulatory clearance intensified competitive concerns, particularly because ASTS relies on wireless-carrier partnerships to distribute its service. The broader space-stock weakness added to the pressure.
• Negative Sentiment: Multiple law firms publicized a securities class action covering investors who purchased ASTS securities from March 4, 2025, through July 15, 2026. The complaints allege inadequate disclosure of slow adoption risks in the U.S. and Japan and dilution following three $1 billion convertible-note offerings. Investors have until November 13, 2026, to seek lead-plaintiff status. ASTS shareholder class action alert
• Negative Sentiment: Investor concerns also center on execution and capital needs: ASTS has faced launch delays or failures, repeated earnings misses and expectations for roughly $3.2 billion of cash burn before 2029. Short interest was reported at approximately 21.84% of the public float, underscoring elevated skepticism and volatility. AST SpaceMobile short interest report

Insider Buying and Selling at AST SpaceMobile

In related news, COO Shanti B. Gupta sold 12,000 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total value of $706,680.00. Following the completion of the transaction, the chief operating officer owned 462,980 shares of the company’s stock, valued at approximately $27,264,892.20. This trade represents a 2.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of the company’s 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 sale, the chief technology officer owned 34,750 shares in the company, valued at approximately $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.89% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ASTS shares. Piper Sandler reduced their price objective on shares of AST SpaceMobile from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. 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 target price for the company. William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a report on Monday. B. Riley Financial cut shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $65.00 in a research note on Friday, October 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, September 21st. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $84.58.

AST SpaceMobile Price Performance

Shares of ASTS traded down $3.72 during mid-day trading on Thursday, hitting $56.93. 18,715,237 shares of the stock were exchanged, compared to its average volume of 16,465,922. The company has a debt-to-equity ratio of 1.24, a quick ratio of 12.90 and a current ratio of 13.05. The company has a market cap of $22.16 billion, a PE ratio of -26.60 and a beta of 2.72. AST SpaceMobile, Inc. has a 52-week low of $49.31 and a 52-week high of $133.86. The firm has a 50-day moving average of $63.10 and a two-hundred day moving average of $76.08.

AST SpaceMobile (NASDAQ:ASTS) last posted its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The business had revenue of $31.52 million during the quarter, compared to analysts’ expectations of $34.53 million. During the same period last year, the business posted ($0.41) earnings per share. On average, equities analysts predict that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current year.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard mobile phones directly to satellites without requiring specialized satellite phones or equipment. The company’s objective is to extend mobile connectivity to areas that lack reliable terrestrial cellular coverage, including remote and underserved regions.

Its system is built around the planned SpaceMobile satellite constellation, including BlueBird satellites equipped with large communications arrays.