AST SpaceMobile, Inc. $ASTS Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 48.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 532,960 shares of the company’s stock after buying an additional 172,759 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.15% of AST SpaceMobile worth $26,158,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ASTS. State Board of Administration of Florida Retirement System boosted its stake in shares of AST SpaceMobile by 342.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 132,087 shares of the company’s stock valued at $6,172,000 after acquiring an additional 102,217 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of AST SpaceMobile during the second quarter valued at approximately $21,754,000. Yarbrough Capital LLC boosted its position in AST SpaceMobile by 28.0% during the third quarter. Yarbrough Capital LLC now owns 99,372 shares of the company’s stock worth $4,877,000 after acquiring an additional 21,739 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in AST SpaceMobile by 14.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 77,159 shares of the company’s stock valued at $3,606,000 after acquiring an additional 9,448 shares during the last quarter. Finally, Mutual Advisors LLC purchased a new position in shares of AST SpaceMobile during the 3rd quarter worth $1,882,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $73.52, for a total transaction of $2,940,800.00. Following the sale, the chief technology officer directly owned 4,750 shares in the company, valued at approximately $349,220. This trade represents a 89.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Andrew Martin Johnson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $56.00, for a total value of $560,000.00. Following the transaction, the chief financial officer directly owned 387,485 shares in the company, valued at $21,699,160. This trade represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 2,765 shares of company stock valued at $187,236 and sold 2,354,621 shares valued at $164,348,075. 30.90% of the stock is owned by company insiders.

AST SpaceMobile Trading Up 9.1%

Shares of ASTS stock opened at $101.79 on Monday. AST SpaceMobile, Inc. has a fifty-two week low of $18.22 and a fifty-two week high of $129.89. The firm’s 50 day moving average price is $88.71 and its two-hundred day moving average price is $69.06. The stock has a market cap of $37.36 billion, a price-to-earnings ratio of -82.09 and a beta of 2.70. The company has a quick ratio of 9.48, a current ratio of 9.56 and a debt-to-equity ratio of 0.43.

AST SpaceMobile (NASDAQ:ASTS) last posted its earnings results on Monday, November 10th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.27). AST SpaceMobile had a negative net margin of 1,639.59% and a negative return on equity of 27.76%. The business had revenue of $14.74 million for the quarter, compared to analyst estimates of $22.04 million. During the same quarter in the previous year, the firm posted ($1.10) EPS. The business’s revenue was up 1236.4% compared to the same quarter last year. On average, analysts anticipate that AST SpaceMobile, Inc. will post -0.4 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays downgraded AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 target price on the stock. in a research report on Friday, October 17th. Zacks Research lowered shares of AST SpaceMobile from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Scotiabank downgraded shares of AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 target price for the company. in a report on Wednesday, January 7th. B. Riley Financial downgraded shares of AST SpaceMobile from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $45.66.

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.