AST SpaceMobile (NASDAQ:ASTS) Trading Down 5.9% Following Insider Selling

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s stock price traded down 5.9% on Friday after an insider sold shares in the company. The stock traded as low as $84.91 and last traded at $85.53. 19,771,437 shares were traded during mid-day trading, an increase of 32% from the average session volume of 15,026,604 shares. The stock had previously closed at $90.94.

Specifically, major shareholder Hiroshi Mikitani sold 1,350,000 shares of AST SpaceMobile stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $86.22, for a total transaction of $116,397,000.00. Following the completion of the sale, the insider owned 27,980,155 shares of the company’s stock, valued at approximately $2,412,448,964.10. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hiroshi Mikitani sold 1,690,000 shares of AST SpaceMobile stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $91.42, for a total value of $154,499,800.00. Following the sale, the insider directly owned 29,330,155 shares of the company’s stock, valued at $2,681,362,770.10. This represents a 5.45% decrease in their position. The disclosure for this sale is available in the SEC filing.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. B. Riley Financial dropped their price objective on AST SpaceMobile from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Wall Street Zen lowered AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on AST SpaceMobile in a research note on Wednesday. Barclays lifted their price objective on AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $77.10.

More AST SpaceMobile News

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

• Positive Sentiment: BlueBird‑7 launch scheduled for April 19 — a proximate operational catalyst that could validate ASTS technology and reduce execution uncertainty if successful; company invited qualified retail shareholders to attend the live launch. AST SpaceMobile Announces BlueBird 7 Launch Date
• Positive Sentiment: High‑profile endorsement — Jim Cramer spoke favorably about ASTS on Mad Money (“Let’s own this one”), which can stimulate retail buying and short‑term momentum. Jim Cramer on AST SpaceMobile: “Let’s Own This One”
• Positive Sentiment: Improved commercial outlook and liquidity cited — analysis highlights FY25 revenue growth, FY26 guidance ($150–$200M) and a path to $1B by FY27, plus a $1.2B contracted backlog and ~$3.9B in liquidity, which reduces near‑term dilution risk. AST SpaceMobile: From Cash Burn To Dominance
• Positive Sentiment: Institutional accumulation reported — recent filings show large asset managers (Vanguard, Morgan Stanley, State Street) increasing positions, which supports longer‑term demand for shares. MarketBeat ASTS profile
• Neutral Sentiment: Unusual options activity — call open interest spiked (~172,934 calls bought, ~39% above average), indicating elevated bullish speculation or hedging but not guaranteeing directional follow‑through. (no direct article link)
• Neutral Sentiment: Investors are re‑pricing the sector after Amazon’s Globalstar deal; some early buying as the market digests competitive implications and what it means for spectrum value and partner strategies. AST SpaceMobile shares climb as investors digest Amazon’s Globalstar deal
• Negative Sentiment: Major insider selling — billionaire shareholder Hiroshi Mikitani disclosed multi‑day sales totaling several million shares (sales at avg. ~$86–$91), a meaningful reduction in his stake that can create selling pressure and signal liquidity needs. SEC ownership filing
• Negative Sentiment: Analyst downgrade / negative notes — at least one downgrade and critical takes on competitive/regulatory risk have been published, which can prompt short‑term selling and tighten margin for error ahead of the launch. AST SpaceMobile Trading Down After Analyst Downgrade
• Negative Sentiment: Competitive risk from Amazon/Globalstar — a deep‑pocketed entrant and spectrum consolidation raise the stakes for market share and spectrum access, a structural headwind for ASTS if competition intensifies. Why AST SpaceMobile Stock Is Retreating After Amazon’s Globalstar Deal

AST SpaceMobile Stock Down 5.9%

The stock has a 50-day simple moving average of $88.90 and a two-hundred day simple moving average of $83.10. The company has a quick ratio of 16.27, a current ratio of 16.35 and a debt-to-equity ratio of 0.92. The firm has a market cap of $32.67 billion, a PE ratio of -64.79 and a beta of 2.81.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). AST SpaceMobile had a negative net margin of 482.16% and a negative return on equity of 23.02%. The firm had revenue of $54.31 million for the quarter, compared to analysts’ expectations of $39.53 million. The business’s revenue for the quarter was up 2731.3% compared to the same quarter last year. Analysts expect that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current year.

Institutional Investors Weigh In On AST SpaceMobile

A number of large investors have recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. raised its position in AST SpaceMobile by 52.5% during the first quarter. Sovereign Financial Group Inc. now owns 4,356 shares of the company’s stock valued at $361,000 after purchasing an additional 1,500 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in AST SpaceMobile by 6.6% during the first quarter. Capital Advisors Ltd. LLC now owns 2,638 shares of the company’s stock valued at $219,000 after purchasing an additional 164 shares in the last quarter. Brookstone Capital Management raised its position in AST SpaceMobile by 202.5% during the first quarter. Brookstone Capital Management now owns 10,636 shares of the company’s stock valued at $881,000 after purchasing an additional 7,120 shares in the last quarter. SG Americas Securities LLC raised its position in AST SpaceMobile by 18.6% during the first quarter. SG Americas Securities LLC now owns 75,157 shares of the company’s stock valued at $6,228,000 after purchasing an additional 11,813 shares in the last quarter. Finally, E. Ohman J or Asset Management AB purchased a new stake in AST SpaceMobile during the first quarter valued at about $539,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Company Profile

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.