AST SpaceMobile, Inc. (NASDAQ:ASTS) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 46.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,509 shares of the company’s stock after selling 13,302 shares during the quarter. SG Americas Securities LLC’s holdings in AST SpaceMobile were worth $406,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ASTS. Virtu Financial LLC acquired a new stake in AST SpaceMobile during the 4th quarter valued at $259,000. PNC Financial Services Group Inc. boosted its holdings in shares of AST SpaceMobile by 319.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 163,296 shares of the company’s stock worth $985,000 after purchasing an additional 124,322 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of AST SpaceMobile during the first quarter worth $45,000. Capstone Investment Advisors LLC acquired a new stake in shares of AST SpaceMobile during the first quarter worth $580,000. Finally, BNP Paribas acquired a new stake in shares of AST SpaceMobile during the first quarter worth $43,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

AST SpaceMobile Trading Up 1.0 %

Shares of ASTS opened at $28.49 on Friday. The company has a current ratio of 6.38, a quick ratio of 6.38 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $7.34 billion, a P/E ratio of -29.07 and a beta of 1.62. The stock’s fifty day simple moving average is $27.42 and its 200 day simple moving average is $14.94. AST SpaceMobile, Inc. has a twelve month low of $1.97 and a twelve month high of $39.08.

AST SpaceMobile (NASDAQ:ASTS) last issued its earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share for the quarter, topping 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. On average, equities research analysts forecast that AST SpaceMobile, Inc. will post -0.88 earnings per share for the current year.

Insider Buying and Selling

In other AST SpaceMobile news, President Scott Wisniewski sold 2,700 shares of the firm’s stock in a transaction dated 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Adriana Cisneros acquired 4,934 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $26.32 per share, with a total value of $129,862.88. Following the completion of the transaction, the director now directly owns 774,772 shares of the company’s stock, valued at $20,391,999.04. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $62,424.00. Following the completion of the transaction, the president now directly owns 712,660 shares in the company, valued at $16,476,699.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 127,700 shares of company stock valued at $3,220,524. 56.56% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ASTS has been the topic of several analyst reports. UBS Group raised their price objective on AST SpaceMobile from $13.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. 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 report on Wednesday, September 4th. Scotiabank raised their price objective on AST SpaceMobile from $28.00 to $45.90 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Finally, B. Riley raised their price objective on AST SpaceMobile from $26.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 29th.

About AST SpaceMobile

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.