22,196 Shares in AST SpaceMobile, Inc. $ASTS Acquired by Clarus Wealth Advisors

Clarus Wealth Advisors acquired a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 22,196 shares of the company’s stock, valued at approximately $1,972,000.

Other large investors also recently modified their holdings of the company. Calton & Associates Inc. raised its holdings in AST SpaceMobile by 0.8% in the 4th quarter. Calton & Associates Inc. now owns 13,579 shares of the company’s stock valued at $986,000 after acquiring an additional 104 shares during the period. Investmark Advisory Group LLC boosted its holdings in shares of AST SpaceMobile by 2.7% during the fourth quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company’s stock worth $337,000 after acquiring an additional 120 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in shares of AST SpaceMobile by 18.2% during the fourth quarter. Atlantic Union Bankshares Corp now owns 923 shares of the company’s stock worth $67,000 after acquiring an additional 142 shares during the period. Larson Financial Group LLC grew its position in shares of AST SpaceMobile by 39.0% in the fourth 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 last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in shares of AST SpaceMobile by 6.6% during the first quarter. Capital Advisors Ltd. LLC now owns 2,638 shares of the company’s stock worth $219,000 after purchasing an additional 164 shares during the period. 60.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. B. Riley Financial raised AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a report on Friday, July 17th. William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. Wall Street Zen downgraded shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 15th. New Street Research set a $106.00 price target on shares of AST SpaceMobile in a research report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft cut shares of AST SpaceMobile from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $117.00 to $106.00 in a research note on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $87.42.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: Management reaffirmed 2026 revenue guidance of $150 million to $200 million, roughly consistent with Wall Street expectations. The company also said it is targeting approximately 45 BlueBird satellites in orbit by early 2027, supporting a planned beta service rollout. ASTS Q2 Earnings Call Puts Beta Rollout and Government Growth in Focus
• Positive Sentiment: AST SpaceMobile highlighted a revenue backlog of approximately $1.2 billion to $1.3 billion, more than 60 mobile-network-operator relationships, a $1 billion government-related award, and continued satellite production and launches. These developments strengthen the longer-term revenue opportunity despite service revenue not yet beginning. AST SpaceMobile Posts Q2 Misses, Backlog Grows to $1.3 Billion
• Positive Sentiment: Analyst sentiment remained supportive. Cantor Fitzgerald raised its price target to $90 from $80 while maintaining an overweight rating, and Piper Sandler retained overweight with a $98 target despite trimming it from $100. AST SpaceMobile Price Target Raised at Cantor Fitzgerald
• Neutral Sentiment: Technical and sector momentum provided additional support: ASTS held firm after earnings while space-related stocks, including Voyager Technologies, attracted investor interest. However, the stock remains highly volatile and below its 50-day and 200-day moving averages.
• Negative Sentiment: Second-quarter results missed estimates for the sixth consecutive quarter. Revenue was $31.5 million versus roughly $35 million expected, while the adjusted loss was $0.77 per share versus estimates near $0.26-$0.32. Higher capital spending and operating costs drove the wider loss, underscoring substantial cash-burn and execution risks. AST SpaceMobile Second Quarter Earnings Fall Short of Estimates

Insider Buying and Selling

In related news, CFO Andrew Martin Johnson sold 45,809 shares of AST SpaceMobile stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the completion of the transaction, the chief financial officer owned 503,619 shares of the company’s stock, valued at $47,244,498.39. This trade represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $96.37, for a total value of $3,854,800.00. Following the completion of the transaction, the chief technology officer directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 90,809 shares of company stock worth $8,603,392 in the last 90 days. Corporate insiders own 20.89% of the company’s stock.

AST SpaceMobile Stock Performance

Shares of AST SpaceMobile stock opened at $71.63 on Wednesday. AST SpaceMobile, Inc. has a fifty-two week low of $36.08 and a fifty-two week high of $133.86. 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 firm has a market capitalization of $27.80 billion, a P/E ratio of -33.47 and a beta of 2.75. The company’s 50 day moving average price is $74.29 and its two-hundred day moving average price is $85.47.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.45). AST SpaceMobile had a negative return on equity of 23.32% and a negative net margin of 536.66%.The firm had revenue of $31.52 million for the quarter, compared to the consensus estimate of $34.53 million. During the same quarter last year, the firm posted ($0.41) earnings per share. On average, equities analysts forecast that AST SpaceMobile, Inc. will post -1.38 earnings per share for the current fiscal year.

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.