Bokf Na Buys 15,350 Shares of AST SpaceMobile, Inc. $ASTS

Bokf Na increased its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 1,993.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 16,120 shares of the company’s stock after buying an additional 15,350 shares during the quarter. Bokf Na’s holdings in AST SpaceMobile were worth $949,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Compass Financial Management LLC acquired a new position in shares of AST SpaceMobile during the 2nd quarter valued at $26,000. Cornerstone Planning Group LLC lifted its holdings in shares of AST SpaceMobile by 16,350.0% in the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock valued at $27,000 after buying an additional 327 shares during the period. Grove Bank & Trust acquired a new position in AST SpaceMobile during the second quarter worth about $27,000. Continuum Advisory LLC acquired a new position in AST SpaceMobile during the second quarter worth about $28,000. Finally, CX Institutional raised its position in AST SpaceMobile by 1,256.1% in the third quarter. CX Institutional now owns 556 shares of the company’s stock worth $33,000 after acquiring an additional 515 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: FCC spectrum expansion improves the industry outlook. The Federal Communications Commission adopted a proposal to expand spectrum available for “supplemental coverage from space,” potentially allowing AST SpaceMobile and wireless carriers to use satellite links more broadly in areas outside conventional tower coverage. ASTS Stock Gains On FCC Plan to Expand Direct-To-Phone Spectrum
• Positive Sentiment: Brazil authorizations and operator agreements advance commercialization. AST SpaceMobile received spectrum authorizations from Brazil’s telecom regulator and signed agreements with four regional mobile operators. The deals could support future satellite-enabled broadband coverage in underserved Brazilian markets and validate the company’s international partnership strategy. AST SpaceMobile Secures Brazil Spectrum Authorizations and Four Operator Agreements
• Positive Sentiment: Bullish commentary points to potential growth beyond the recent selloff. An investment analysis cited AST’s funded satellite constellation, more than 60 carrier partners and possible large government contracts as reasons the shares may be undervalued relative to their long-term opportunity. These contracts remain potential rather than guaranteed catalysts. Prediction: ASTS Could Be Entering Its Biggest Growth Phase Yet
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action. The lawsuit covers investors who purchased ASTS securities from March 4, 2025, through July 15, 2026, with a November 13, 2026 lead-plaintiff deadline. Attorneys allege the company made material misstatements or omissions regarding capital and liquidity, including claims tied to roughly $3 billion of convertible-note offerings and dilution. The allegations have not been proven, but the litigation adds reputational and legal uncertainty. Pomerantz Class Action Announcement
• Negative Sentiment: Amazon’s approved Globalstar transaction raises competitive concerns. Amazon’s sizable investment and FCC-approved deal involving Globalstar could strengthen a rival satellite-connectivity ecosystem, increasing pressure on AST SpaceMobile to execute its constellation deployment and secure commercial contracts. Amazon’s FCC-Approved Globalstar Deal

AST SpaceMobile Trading Down 4.9%

NASDAQ:ASTS opened at $40.97 on Friday. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24. AST SpaceMobile, Inc. has a 1-year low of $36.72 and a 1-year high of $133.86. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of -19.14 and a beta of 2.72. The stock has a fifty day simple moving average of $55.02 and a 200 day simple moving average of $77.74.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.45). The company had revenue of $31.52 million for the quarter, compared to analyst estimates of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. During the same quarter in the previous year, the firm posted ($0.41) EPS. Sell-side analysts forecast that AST SpaceMobile, Inc. will post -1.91 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $58.93, for a total value of $2,357,200.00. Following the transaction, the chief technology officer directly owned 34,750 shares of the company’s stock, valued at $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Adriana Cisneros purchased 10,822 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the acquisition, the director directly owned 797,023 shares of the company’s stock, valued at $45,605,656.06. This trade represents a 1.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 20.89% of the company’s stock.

Analysts Set New Price Targets

ASTS has been the subject of a number of research analyst reports. B. Riley Financial downgraded shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and cut their price target for the company from $85.00 to $65.00 in a report on Friday, October 2nd. Berenberg Bank initiated coverage on shares of AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating and a $92.00 target price for the company. Royal Bank Of Canada cut shares of AST SpaceMobile to a “sector perform” rating in a report on Friday, October 2nd. UBS Group started coverage on shares of AST SpaceMobile in a research report on Wednesday, September 2nd. They issued a “buy” rating on the stock. Finally, Cantor Fitzgerald upped their price target on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $80.67.

About AST SpaceMobile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.