62,684 Shares in AST SpaceMobile, Inc. (NASDAQ:ASTS) Bought by Sei Investments Co.

Sei Investments Co. purchased a new stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,684 shares of the company’s stock, valued at approximately $728,000.

A number of other institutional investors have also recently added to or reduced their stakes in ASTS. BNP Paribas acquired a new position in shares of AST SpaceMobile in the 1st quarter valued at about $43,000. Principal Financial Group Inc. purchased a new position in AST SpaceMobile in the first quarter valued at approximately $45,000. Cantor Fitzgerald L. P. acquired a new position in AST SpaceMobile during the fourth quarter valued at approximately $66,000. Black Maple Capital Management LP purchased a new stake in AST SpaceMobile during the first quarter worth approximately $87,000. Finally, Calton & Associates Inc. acquired a new stake in shares of AST SpaceMobile in the second quarter worth $128,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Stock Performance

AST SpaceMobile stock opened at $24.20 on Wednesday. AST SpaceMobile, Inc. has a 12-month low of $1.97 and a 12-month high of $39.08. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.38 and a quick ratio of 6.38. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of -24.76 and a beta of 1.62. The firm’s fifty day moving average price is $26.56 and its 200 day moving average price is $13.86.

AST SpaceMobile (NASDAQ:ASTS) last announced its earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $0.90 million for the quarter, compared to analysts’ expectations of $2.00 million. On average, research analysts forecast that AST SpaceMobile, Inc. will post -0.88 EPS for the current fiscal year.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, President Scott Wisniewski sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $23.12, for a total value of $62,424.00. Following the transaction, the president now directly owns 712,660 shares of the company’s stock, valued at $16,476,699.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, President Scott Wisniewski sold 2,700 shares of AST SpaceMobile stock in a transaction on Monday, September 30th. The shares were sold at an average price of $23.12, for a total value of $62,424.00. Following the completion of the sale, the president now owns 712,660 shares in the company, valued at approximately $16,476,699.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Adriana Cisneros purchased 4,934 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was bought at an average cost of $26.32 per share, for a total transaction of $129,862.88. Following the completion of the acquisition, the director now directly owns 774,772 shares of the company’s stock, valued at $20,391,999.04. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 56.56% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on ASTS shares. B. Riley lifted their target price on shares of AST SpaceMobile from $26.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 29th. UBS Group boosted their price objective on AST SpaceMobile from $13.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Scotiabank increased their target price 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on AST SpaceMobile from $22.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th.

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.