North Dakota State Investment Board Invests $495,000 in AST SpaceMobile, Inc. $ASTS

North Dakota State Investment Board acquired a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,813 shares of the company’s stock, valued at approximately $495,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ASTS. AQR Capital Management LLC raised its holdings in shares of AST SpaceMobile by 11.8% during the first quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock worth $786,000 after acquiring an additional 3,642 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of AST SpaceMobile by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock worth $1,814,000 after acquiring an additional 3,515 shares during the period. Millennium Management LLC raised its holdings in shares of AST SpaceMobile by 16.1% during the first quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock worth $10,634,000 after acquiring an additional 64,989 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of AST SpaceMobile by 18.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company’s stock worth $7,405,000 after acquiring an additional 49,811 shares during the period. Finally, Strs Ohio acquired a new stake in shares of AST SpaceMobile during the first quarter worth $168,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

AST SpaceMobile Trading Up 7.4%

ASTS stock opened at $96.23 on Friday. 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 has a fifty day moving average price of $84.65 and a two-hundred day moving average price of $83.31. AST SpaceMobile, Inc. has a one year low of $22.47 and a one year high of $129.89. The stock has a market cap of $36.76 billion, a price-to-earnings ratio of -54.06 and a beta of 2.60.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings data 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 return on equity of 24.87% and a negative net margin of 573.67%.The company had revenue of $14.74 million for the quarter, compared to the consensus estimate of $39.01 million. During the same period last year, the firm earned ($0.20) earnings per share. The company’s revenue for the quarter was up 1952.2% compared to the same quarter last year. Equities analysts anticipate that AST SpaceMobile, Inc. will post -1.47 EPS for the current year.

Key Stories Impacting AST SpaceMobile

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

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, CFO Andrew Martin Johnson sold 5,000 shares of AST SpaceMobile stock in a transaction on Wednesday, May 20th. The shares were 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 directly owned 565,805 shares of the company’s stock, valued at $51,063,901.25. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $88.88, for a total transaction of $3,555,200.00. Following the transaction, the chief technology officer directly owned 4,750 shares of the company’s stock, valued at approximately $422,180. This trade represents a 89.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,100,000 shares of company stock valued at $276,048,350. 20.89% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ASTS. Wall Street Zen lowered shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of AST SpaceMobile in a report on Wednesday, April 15th. Zacks Research upgraded shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. New Street Research started coverage on shares of AST SpaceMobile in a report on Wednesday, May 13th. They issued a “neutral” rating and a $80.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Friday, March 27th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, AST SpaceMobile currently has a consensus rating of “Reduce” and a consensus target price of $79.45.

AST SpaceMobile 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.