37,286 Shares in AST SpaceMobile, Inc. $ASTS Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC bought a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) in the first quarter, HoldingsChannel.com reports. The firm bought 37,286 shares of the company’s stock, valued at approximately $3,090,000.

A number of other hedge funds also recently bought and sold shares of the company. Calton & Associates Inc. grew its position in shares of AST SpaceMobile by 0.8% in the fourth quarter. Calton & Associates Inc. now owns 13,579 shares of the company’s stock valued at $986,000 after purchasing an additional 104 shares during the last quarter. Investmark Advisory Group LLC increased its stake in shares of AST SpaceMobile by 2.7% in the fourth quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company’s stock worth $337,000 after purchasing an additional 120 shares during the period. ORG Partners LLC lifted its position in shares of AST SpaceMobile by 4.2% during the 4th quarter. ORG Partners LLC now owns 3,283 shares of the company’s stock worth $238,000 after purchasing an additional 133 shares during the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of AST SpaceMobile by 18.2% during the 4th quarter. Atlantic Union Bankshares Corp now owns 923 shares of the company’s stock worth $67,000 after purchasing an additional 142 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in AST SpaceMobile by 39.0% during the 4th quarter. Larson Financial Group LLC now owns 513 shares of the company’s stock valued at $37,000 after purchasing an additional 144 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Insider Transactions at AST SpaceMobile

In other news, CFO Andrew Martin Johnson sold 45,809 shares of AST SpaceMobile stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the sale, the chief financial officer owned 503,619 shares of the company’s stock, valued at approximately $47,244,498.39. This trade represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $96.37, for a total value of $3,854,800.00. Following the sale, the chief technology officer owned 34,750 shares in the company, valued at approximately $3,348,857.50. This represents a 53.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,455,809 shares of company stock worth $126,145,492. Insiders own 20.89% of the company’s stock.

AST SpaceMobile Stock Down 7.8%

NASDAQ ASTS opened at $67.58 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 18.37 and a current ratio of 18.47. The firm has a 50-day simple moving average of $87.31 and a 200 day simple moving average of $89.59. AST SpaceMobile, Inc. has a twelve month low of $36.08 and a twelve month high of $133.86. The stock has a market cap of $26.23 billion, a PE ratio of -37.97 and a beta of 2.69.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results 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 $14.73 million for the quarter, compared to analyst estimates of $39.01 million. During the same period last year, the business earned ($0.20) earnings per share. The firm’s quarterly revenue was up 1952.2% compared to the same quarter last year. On average, research analysts forecast that AST SpaceMobile, Inc. will post -1.47 EPS for the current year.

Analyst Ratings Changes

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

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.