AST SpaceMobile, Inc. $ASTS Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 7.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,513 shares of the company’s stock after purchasing an additional 7,358 shares during the period. Chicago Partners Investment Group LLC’s holdings in AST SpaceMobile were worth $5,080,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. ORG Partners LLC raised its position in shares of AST SpaceMobile by 5.2% during the 3rd quarter. ORG Partners LLC now owns 3,150 shares of the company’s stock worth $155,000 after purchasing an additional 155 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of AST SpaceMobile by 21.9% during the third quarter. GAMMA Investing LLC now owns 1,355 shares of the company’s stock valued at $67,000 after acquiring an additional 243 shares during the last quarter. Flagship Private Wealth LLC raised its holdings in shares of AST SpaceMobile by 2.8% during the second quarter. Flagship Private Wealth LLC now owns 9,106 shares of the company’s stock valued at $426,000 after acquiring an additional 250 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of AST SpaceMobile by 0.5% in the second quarter. SBI Securities Co. Ltd. now owns 56,619 shares of the company’s stock valued at $2,646,000 after acquiring an additional 268 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of AST SpaceMobile by 25.2% in the second quarter. Signaturefd LLC now owns 1,826 shares of the company’s stock worth $85,000 after acquiring an additional 367 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Stock Performance

AST SpaceMobile stock opened at $103.50 on Thursday. The firm has a 50 day simple moving average of $75.83 and a 200-day simple moving average of $63.99. The stock has a market cap of $37.99 billion, a price-to-earnings ratio of -83.47 and a beta of 2.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 9.56 and a quick ratio of 9.48. AST SpaceMobile, Inc. has a 1-year low of $17.50 and a 1-year high of $120.93.

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

Analyst Upgrades and Downgrades

ASTS has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of AST SpaceMobile in a research report on Tuesday. Zacks Research downgraded shares of AST SpaceMobile from a “hold” rating to a “strong sell” rating in a research note on Friday, January 9th. Barclays cut shares of AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price objective for the company. in a research note on Friday, October 17th. Finally, Scotiabank downgraded shares of AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 price objective for the company. in a report on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, AST SpaceMobile presently has a consensus rating of “Reduce” and a consensus price target of $45.66.

Insiders Place Their Bets

In other AST SpaceMobile news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the completion of the transaction, the insider owned 211,379 shares of the company’s stock, valued at $14,743,685.25. This trade represents a 91.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Shanti B. Gupta sold 10,000 shares of AST SpaceMobile stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $77.34, for a total transaction of $773,400.00. Following the sale, the chief operating officer owned 382,375 shares of the company’s stock, valued at approximately $29,572,882.50. This represents a 2.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have acquired 2,765 shares of company stock worth $187,236 and have sold 2,354,621 shares worth $164,348,075. Company insiders own 30.90% 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.