Swedbank AB Purchases Shares of 41,014 AST SpaceMobile, Inc. $ASTS

Swedbank AB acquired a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 41,014 shares of the company’s stock, valued at approximately $3,399,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of AST SpaceMobile by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company’s stock valued at $1,560,687,000 after buying an additional 1,568,292 shares during the last quarter. Vodafone Ventures Ltd purchased a new stake in AST SpaceMobile in the 4th quarter valued at $397,413,000. Morgan Stanley lifted its stake in AST SpaceMobile by 44.0% during the 4th quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock valued at $338,569,000 after acquiring an additional 1,425,199 shares in the last quarter. Geode Capital Management LLC lifted its stake in AST SpaceMobile by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 4,522,549 shares of the company’s stock valued at $328,749,000 after acquiring an additional 402,505 shares in the last quarter. Finally, State Street Corp boosted its holdings in AST SpaceMobile by 9.7% during the 4th quarter. State Street Corp now owns 3,951,685 shares of the company’s stock worth $287,011,000 after acquiring an additional 350,690 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: New coverage highlights ASTS’s satellites as potentially useful for defense and emergency communications, reinforcing the company’s strategic value if its network can support mission-critical use cases. Can ASTS Satellites Transform the Future of Defense Communications?
• Positive Sentiment: Another July stock-picking article named AST SpaceMobile among space economy stocks to watch, suggesting some investors still see upside in the sector despite the recent pullback. 3 Space Economy Stocks to Buy in July
• Neutral Sentiment: One valuation-focused piece argued that SpaceX has the edge over ASTS because of lower valuation and faster expected 2026 sales growth, which may pressure sentiment around ASTS’s relative attractiveness. AST SpaceMobile vs. SpaceX: Which Space Connectivity Stock Wins Now?
• Negative Sentiment: Bearish commentary on ASTS says its large capital expenditure needs could lead to further dilution, a key concern for shareholders if additional funding is required. AST SpaceMobile: The CapEx Requirement Will Lead To Further Dilution
• Negative Sentiment: Broader satellite-to-cell competition is heating up, with FCC comments favoring SpaceX and mentioning Amazon, raising concerns that ASTS may face a tougher competitive landscape. ASTS Stock Eyes Worst Week In Over A Month: FCC Chair Says SPCX, AMZN Are Heating Up Satellite-To-Cell Competition

Insider Activity at AST SpaceMobile

In related news, Director Julio A. Torres sold 15,000 shares of AST SpaceMobile stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total value of $1,145,100.00. Following the sale, the director owned 43,239 shares of the company’s stock, valued at approximately $3,300,865.26. The trade was a 25.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $96.37, for a total transaction of $3,854,800.00. Following the completion of the sale, the chief technology officer directly owned 34,750 shares in the company, valued at $3,348,857.50. This trade represents a 53.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,145,809 shares of company stock worth $280,645,292. 20.89% of the stock is currently owned by company insiders.

AST SpaceMobile Stock Performance

NASDAQ ASTS traded down $0.56 during trading hours on Friday, reaching $73.32. 7,378,336 shares of the company were exchanged, compared to its average volume of 20,718,156. AST SpaceMobile, Inc. has a 1 year low of $36.08 and a 1 year high of $133.86. The business’s 50 day simple moving average is $87.43 and its 200-day simple moving average is $89.70. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $28.46 billion, a P/E ratio of -41.19 and a beta of 2.69.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.43). The company had revenue of $14.73 million during the quarter, compared to analysts’ expectations of $39.01 million. AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The firm’s revenue was up 1952.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. On average, equities research analysts expect that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ASTS has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft lowered shares of AST SpaceMobile from a “buy” rating to a “hold” rating and dropped their price target for the company from $117.00 to $106.00 in a research report on Friday, May 29th. B. Riley Financial boosted their price target on shares of AST SpaceMobile from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a research report on Friday, May 29th. Finally, Wall Street Zen lowered shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 15th. One equities research analyst has 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, AST SpaceMobile currently has a consensus rating of “Reduce” and a consensus target price of $85.09.

AST SpaceMobile 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.