27,745 Shares in AST SpaceMobile, Inc. (NASDAQ:ASTS) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,745 shares of the company’s stock, valued at approximately $7,260,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in AST SpaceMobile by 49.9% in the 1st quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company’s stock worth $19,325,000 after buying an additional 2,217,531 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of AST SpaceMobile during the 2nd quarter worth $278,000. Marshall Wace LLP increased its stake in shares of AST SpaceMobile by 150.4% during the 2nd quarter. Marshall Wace LLP now owns 126,685 shares of the company’s stock worth $1,471,000 after purchasing an additional 76,088 shares during the last quarter. Key Colony Management LLC acquired a new position in shares of AST SpaceMobile during the 3rd quarter worth $3,556,000. Finally, American International Group Inc. increased its stake in shares of AST SpaceMobile by 41.5% during the 1st quarter. American International Group Inc. now owns 56,527 shares of the company’s stock worth $164,000 after purchasing an additional 16,568 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Transactions at AST SpaceMobile

In other news, President Scott Wisniewski sold 2,700 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $23.12, for a total transaction of $62,424.00. Following the completion of the transaction, the president now directly owns 712,660 shares of the company’s stock, valued at approximately $16,476,699.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Huiwen Yao sold 45,000 shares of AST SpaceMobile stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $24.26, for a total transaction of $1,091,700.00. Following the completion of the transaction, the chief technology officer now directly owns 55,000 shares of the company’s stock, valued at $1,334,300. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Scott Wisniewski sold 2,700 shares of AST SpaceMobile stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $23.12, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 127,700 shares of company stock valued at $3,220,524. Company insiders own 41.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Scotiabank increased their price target on shares of AST SpaceMobile from $28.00 to $45.90 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th. UBS Group raised their target price on shares of AST SpaceMobile from $13.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of AST SpaceMobile from $22.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, B. Riley raised their price target on shares of AST SpaceMobile from $26.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th.

AST SpaceMobile Price Performance

NASDAQ:ASTS opened at $23.81 on Friday. The company has a 50-day moving average of $26.91 and a 200-day moving average of $16.61. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of -19.05 and a beta of 1.62. AST SpaceMobile, Inc. has a 52 week low of $1.97 and a 52 week high of $39.08. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.38 and a current ratio of 6.38.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.14) 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 the consensus estimate of $2.00 million. As a group, equities research analysts anticipate that AST SpaceMobile, Inc. will post -0.88 earnings per share for the current fiscal year.

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.