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

Oppenheimer & Co. Inc. trimmed its position in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 47.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 271,949 shares of the company’s stock after selling 244,631 shares during the period. Oppenheimer & Co. Inc.’s holdings in AST SpaceMobile were worth $16,007,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in shares of AST SpaceMobile by 9,876.8% during the second quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock valued at $93,220,000 after acquiring an additional 1,038,546 shares during the last quarter. Tema ETFs LLC boosted its stake in shares of AST SpaceMobile by 109,486.8% in the second quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock worth $89,199,000 after acquiring an additional 1,002,899 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of AST SpaceMobile by 140.3% in the first quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock worth $136,259,000 after acquiring an additional 960,045 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of AST SpaceMobile during the second quarter worth approximately $67,907,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of AST SpaceMobile during the first quarter worth approximately $34,627,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

More AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile announced meaningful progress in Brazil, Latin America’s largest economy. Brazil’s telecom regulator approved use of S-band spectrum and secondary use of the 700 MHz band, while the company reached agreements with four regional operators and outlined plans for ground infrastructure. The developments could expand ASTS’s addressable market and support future service revenue. AST SpaceMobile Advances Brazil Expansion
• Neutral Sentiment: The company will release its third-quarter 2026 business and financial update on November 9. Management is expected to discuss operating progress, financial results and investor questions, making the call a potential near-term volatility event. AST SpaceMobile Third-Quarter Business Update
• Neutral Sentiment: One market report showed reported short interest of zero shares as of October 26, implying no measurable short-selling pressure in that dataset. However, the figure conflicts with the article’s headline and should be treated cautiously until confirmed through reliable exchange data.
• Negative Sentiment: Several law firms are promoting a securities class action covering investors who purchased ASTS securities between March 4, 2025, and July 15, 2026. The allegations include inadequate disclosure of slow user adoption in the U.S. and Japan and dilution associated with three $1 billion convertible-note offerings. Although the notices do not establish wrongdoing, the repeated legal announcements add reputational, litigation and dilution concerns. The lead-plaintiff deadline is November 13, 2026. ASTS Shareholder Alert
• Negative Sentiment: Valuation remains a key overhang: market commentator Herb Greenberg cited an enterprise value of roughly 140 times trailing revenue and trailing EBITDA losses of approximately $532 million. Those metrics raise concern that ASTS’s ambitious growth expectations may already be heavily reflected in its valuation. ASTS Valuation Commentary

AST SpaceMobile Trading Down 0.9%

ASTS opened at $39.45 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90. The company’s 50 day simple moving average is $57.05 and its two-hundred day simple moving average is $78.76. AST SpaceMobile, Inc. has a 1-year low of $36.72 and a 1-year high of $133.86. The firm has a market capitalization of $15.35 billion, a price-to-earnings ratio of -18.43 and a beta of 2.72.

AST SpaceMobile (NASDAQ:ASTS) last issued its 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). The company had revenue of $31.52 million for the quarter, compared to analyst estimates of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. During the same quarter in the prior year, the firm earned ($0.41) earnings per share. Analysts expect that AST SpaceMobile, Inc. will post -1.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASTS. Cantor Fitzgerald increased their price objective on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Scotiabank raised shares of AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $50.80 to $55.70 in a research note on Friday. B. Riley Financial lowered shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $85.00 to $65.00 in a report on Friday, October 2nd. Berenberg Bank started coverage on shares of AST SpaceMobile in a report on Wednesday, September 2nd. They set a “buy” rating and a $92.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, September 21st. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $80.67.

Insider Activity at AST SpaceMobile

In related news, COO Shanti Gupta sold 12,000 shares of AST SpaceMobile stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction of $706,680.00. Following the transaction, the chief operating officer owned 462,980 shares in the company, valued at approximately $27,264,892.20. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total value of $2,357,200.00. Following the transaction, the chief technology officer owned 34,750 shares in the company, valued at approximately $2,047,817.50. The trade was a 53.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 20.89% of the company’s stock.

AST SpaceMobile Profile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.