AST SpaceMobile, Inc. (NASDAQ:ASTS) COO Sells $2,066,400.00 in Stock

AST SpaceMobile, Inc. (NASDAQ:ASTS) COO Shanti B. Gupta sold 80,000 shares of AST SpaceMobile stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $25.83, for a total transaction of $2,066,400.00. Following the transaction, the chief operating officer now directly owns 393,232 shares in the company, valued at $10,157,182.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

AST SpaceMobile Trading Up 3.3 %

NASDAQ ASTS traded up $0.83 on Monday, reaching $26.15. The stock had a trading volume of 15,953,353 shares, compared to its average volume of 10,629,469. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.83. The stock has a fifty day moving average price of $25.48 and a two-hundred day moving average price of $12.94. AST SpaceMobile, Inc. has a 12-month low of $1.97 and a 12-month high of $39.08. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of -27.06 and a beta of 1.63.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.05. The firm had revenue of $0.90 million during the quarter, compared to analysts’ expectations of $2.00 million. As a group, sell-side analysts forecast that AST SpaceMobile, Inc. will post -0.88 EPS for the current fiscal year.

Analyst Ratings Changes

ASTS has been the topic of a number of recent analyst reports. B. Riley upped their price objective on AST SpaceMobile from $26.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Scotiabank upped their price target on AST SpaceMobile from $28.00 to $45.90 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised their price objective on AST SpaceMobile from $22.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, UBS Group boosted their price objective on shares of AST SpaceMobile from $13.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, August 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas purchased a new stake in AST SpaceMobile during the 1st quarter worth approximately $43,000. Principal Financial Group Inc. acquired a new position in shares of AST SpaceMobile in the first quarter worth $45,000. Cantor Fitzgerald L. P. acquired a new position in shares of AST SpaceMobile in the fourth quarter worth $66,000. Rathbones Group PLC purchased a new stake in shares of AST SpaceMobile during the fourth quarter worth $76,000. Finally, Black Maple Capital Management LP acquired a new stake in shares of AST SpaceMobile in the first quarter valued at $87,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.