Andrew Martin Johnson Sells 5,000 Shares of AST SpaceMobile (NASDAQ:ASTS) Stock

AST SpaceMobile, Inc. (NASDAQ:ASTS) CFO Andrew Martin Johnson sold 5,000 shares of the stock in a transaction dated Wednesday, May 20th. The stock was 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. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AST SpaceMobile Stock Up 10.0%

ASTS stock opened at $105.86 on Friday. The stock has a market capitalization of $41.09 billion, a P/E ratio of -59.47 and a beta of 2.60. The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11. AST SpaceMobile, Inc. has a 12 month low of $22.47 and a 12 month high of $129.89. The firm has a 50-day moving average price of $85.01 and a 200-day moving average price of $83.47.

AST SpaceMobile (NASDAQ:ASTS) last posted its earnings results on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.43). The company had revenue of $14.74 million during the quarter, compared to the consensus estimate of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The firm’s revenue was up 1952.2% compared to the same quarter last year. During the same period last year, the company posted ($0.20) EPS. As a group, equities research analysts anticipate that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

ASTS has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Friday, March 27th. Roth Mkm reiterated a “buy” rating and issued a $108.00 price objective on shares of AST SpaceMobile in a report on Tuesday, May 12th. Wall Street Zen lowered shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 15th. UBS Group dropped their price objective on shares of AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Finally, B. Riley Financial raised their price objective on shares of AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AST SpaceMobile currently has an average rating of “Reduce” and an average target price of $79.45.

Trending Headlines about AST SpaceMobile

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

• Positive Sentiment: Defiance launched ASTY, a 2X long ETF on AST SpaceMobile, signaling strong trader demand for bullish exposure to ASTS. Defiance Launches ASTY: The 2X Long ETF for AST SpaceMobile, Inc.
• Positive Sentiment: ASTS is benefiting from broader enthusiasm for space infrastructure names ahead of the SpaceX IPO, which has lifted sentiment across satellite and launch stocks. SpaceX IPO Filing Is Moving Rocket Lab, CoreWeave, and Other Stocks
• Positive Sentiment: Commentary has also pointed to AST SpaceMobile’s FCC approval and its role as a likely beneficiary of rising satellite-to-phone demand, supporting the company’s long-term growth narrative. Forget SpaceX. These 2 Space Stocks Could Be the Real Winners Of the Coming IPO Frenzy
• Neutral Sentiment: Several articles focused on ASTS’s huge multi-year run and asked whether the stock is getting expensive, suggesting some investors are weighing valuation against future growth. Is It Too Late To Consider AST SpaceMobile (ASTS) After Its Recent 17x Three Year Surge?
• Negative Sentiment: ASTS CFO Andrew Martin Johnson sold 5,000 shares, a small insider sale that may prompt some caution, though his remaining stake is still substantial. SEC insider filing

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ASTS. Cornerstone Planning Group LLC increased its stake in shares of 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 acquiring an additional 327 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of AST SpaceMobile in the 4th quarter valued at $25,000. Laurel Wealth Advisors LLC bought a new stake in shares of AST SpaceMobile in the 4th quarter valued at $25,000. Portus Wealth Advisors LLC bought a new stake in shares of AST SpaceMobile in the 1st quarter valued at $30,000. Finally, Advocate Investing Services LLC bought a new stake in shares of AST SpaceMobile in the 1st quarter valued at $31,000. Institutional investors own 60.95% of the company’s stock.

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.