Wellington Management Group LLP Reduces Stock Holdings in AST SpaceMobile, Inc. $ASTS

Wellington Management Group LLP reduced its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 52.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 350,707 shares of the company’s stock after selling 379,657 shares during the quarter. Wellington Management Group LLP owned approximately 0.09% of AST SpaceMobile worth $31,164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cornerstone Planning Group LLC boosted its stake in shares of AST SpaceMobile by 16,350.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock valued at $27,000 after purchasing an additional 327 shares in the last quarter. Grove Bank & Trust bought a new position in AST SpaceMobile in the second quarter worth about $27,000. Harvest Fund Management Co. Ltd purchased a new stake in AST SpaceMobile in the third quarter worth about $29,000. Acumen Wealth Advisors LLC purchased a new stake in AST SpaceMobile in the fourth quarter worth about $29,000. Finally, Portus Wealth Advisors LLC bought a new stake in AST SpaceMobile during the 1st quarter valued at approximately $30,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Wednesday, June 24th. B. Riley Financial raised AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Friday, July 17th. New Street Research set a $106.00 price objective on AST SpaceMobile in a report on Friday, May 29th. Cantor Fitzgerald raised their price objective on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Finally, Scotiabank upgraded 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. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $86.58.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: Berenberg initiated coverage with a Buy rating and a $92 price target, implying substantial upside from recent levels. The firm’s bullish view helped drive a sharp rebound in ASTS and reflects confidence in the company’s direct-to-smartphone satellite network and long-term commercial opportunity. AST SpaceMobile Stock Soared 12%—This Was the Catalyst
• Positive Sentiment: Insider buying and additional commentary pointing to significant analyst upside have reinforced the bullish case. AST SpaceMobile’s planned network could connect ordinary smartphones directly to satellites without specialized hardware, offering a potentially large addressable market. AST SpaceMobile Trading Up Following Insider Buying Activity
• Positive Sentiment: The broader space-stock sector is receiving increased investor attention after a major NASA contract awarded to Blue Origin. Berenberg’s positive coverage of AST SpaceMobile and other space companies may improve sentiment toward the commercial space industry. Defying Gravity: Space Stocks Reach Escape Velocity
• Neutral Sentiment: Investors are comparing AST SpaceMobile’s developing direct-to-device cellular network with SpaceX’s more established launch business and Starlink broadband service. The comparison highlights ASTS’s potentially differentiated technology, but also its earlier stage and higher execution risk. AST SpaceMobile vs. Space Exploration Technologies
• Negative Sentiment: AST SpaceMobile delayed its target for having 45 BlueBird satellites in orbit from late 2026 to early 2027. The postponement could delay commercial service and the company’s ambitious revenue objectives, despite analysts viewing the milestone as achievable. AST SpaceMobile Moved Its Commercial Launch Target to 2027
• Negative Sentiment: A securities law firm is investigating potential violations on behalf of investors who suffered losses. While the notice does not establish wrongdoing, it adds headline and litigation risk. Investors also remain concerned about cash burn, potential dilution, regulatory hurdles, and ASTS’s previous earnings shortfall. AST SpaceMobile Investigation Alert

Insider Activity

In related news, CFO Andrew Johnson sold 45,809 shares of the firm’s stock in a transaction that occurred 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Adriana Cisneros acquired 10,822 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average price of $57.22 per share, with a total value of $619,234.84. Following the completion of the acquisition, the director owned 797,023 shares in the company, valued at $45,605,656.06. The trade was a 1.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 20.89% of the stock is currently owned by insiders.

AST SpaceMobile Stock Performance

Shares of ASTS opened at $62.31 on Friday. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24. The stock has a market cap of $24.25 billion, a P/E ratio of -29.12 and a beta of 2.74. The business’s 50 day moving average price is $67.01 and its 200-day moving average price is $80.54. AST SpaceMobile, Inc. has a 52 week low of $36.08 and a 52 week high of $133.86.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The company had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $34.53 million. During the same quarter in the previous year, the firm posted ($0.41) EPS. Equities research analysts anticipate that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current fiscal year.

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.