The Manufacturers Life Insurance Company Sells 38,822 Shares of AST SpaceMobile, Inc. $ASTS

The Manufacturers Life Insurance Company decreased its position in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 65.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 20,119 shares of the company’s stock after selling 38,822 shares during the period. The Manufacturers Life Insurance Company’s holdings in AST SpaceMobile were worth $1,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new stake in AST SpaceMobile during the 4th quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its holdings in AST SpaceMobile by 16,350.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock valued at $27,000 after buying an additional 327 shares in the last quarter. Acumen Wealth Advisors LLC bought a new position in AST SpaceMobile during the 4th quarter worth $29,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of AST SpaceMobile during the third quarter worth $29,000. Finally, Portus Wealth Advisors LLC acquired a new stake in shares of AST SpaceMobile during the first quarter worth $30,000. Institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Trading Down 4.4%

Shares of AST SpaceMobile stock opened at $68.76 on Tuesday. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. AST SpaceMobile, Inc. has a 12-month low of $36.08 and a 12-month high of $133.86. The company has a market capitalization of $26.69 billion, a price-to-earnings ratio of -38.63 and a beta of 2.76. The firm’s 50-day moving average price is $75.22 and its two-hundred day moving average price is $85.69.

AST SpaceMobile (NASDAQ:ASTS) last issued its earnings results on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.45). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The firm had revenue of $31.52 million during the quarter, compared to analyst estimates of $34.98 million. During the same quarter in the previous year, the firm posted ($0.41) earnings per share. On average, analysts forecast that AST SpaceMobile, Inc. will post -1.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Wednesday, June 24th. 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. New Street Research set a $106.00 price objective on shares of AST SpaceMobile in a report on Friday, May 29th. Roth Capital restated a “buy” rating and set a $108.00 target price on shares of AST SpaceMobile in a research report on Tuesday, May 12th. Finally, Scotiabank raised shares of AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 target price on the stock in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, AST SpaceMobile has a consensus rating of “Hold” and an average price target of $87.60.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief technology officer directly owned 34,750 shares in the company, valued at $3,348,857.50. This represents a 53.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julio A. Torres sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total value of $1,145,100.00. Following the completion of the sale, the director directly owned 43,239 shares in the company, valued at approximately $3,300,865.26. This represents a 25.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 105,809 shares of company stock valued at $9,748,492 over the last three months. 20.89% of the stock is owned by insiders.

AST SpaceMobile News Summary

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

• Positive Sentiment: AST SpaceMobile raised its 2026 revenue outlook to $150 million-$200 million, a range that brackets the roughly $167.8 million analyst consensus. The company also said its backlog grew to approximately $1.3 billion, supporting the long-term commercial opportunity for its direct-to-smartphone satellite service. AST SpaceMobile Raises Revenue Outlook as Satellite Network Expands
• Positive Sentiment: The company highlighted continued network development, including the successful deployment of BlueBird 11, 12 and 13 satellites and expanded testing and integration efforts with mobile operators in Europe. These milestones could broaden coverage and improve the path toward commercial service revenue. Can ASTS’ Satellite Connectivity Rollout Across Europe Lift Shares?
• Neutral Sentiment: AST SpaceMobile is positioning its network for both commercial and government applications, with a partner-led strategy involving mobile network operators. Investor enthusiasm has also benefited from broader interest in space and satellite companies, although sector sentiment remains volatile. SpaceX and AST SpaceMobile Spark Fresh Momentum Across Space Group
• Negative Sentiment: Second-quarter adjusted results were materially weaker than expected: AST SpaceMobile reported a $0.77 per-share loss versus the anticipated $0.32 loss, while revenue of $31.52 million trailed the $34.98 million consensus. Reports attributed the loss in part to the BB7 incident, increasing concern about near-term execution and costs. AST SpaceMobile Posts Q2 Misses, Backlog Grows to $1.3 Billion
• Negative Sentiment: The earnings miss overshadowed the improved revenue outlook, and AST SpaceMobile continues to report substantial losses, including a negative net margin. The stock’s elevated valuation and high volatility make investors particularly sensitive to delays, satellite deployment costs and the timing of commercial revenue.

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.