Resona Asset Management Co. Ltd. Buys Shares of 66,695 AST SpaceMobile, Inc. $ASTS

Resona Asset Management Co. Ltd. acquired a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 66,695 shares of the company’s stock, valued at approximately $5,436,000.

Several other hedge funds have also added to or reduced their stakes in ASTS. Vodafone Ventures Ltd bought a new stake in AST SpaceMobile during the 4th quarter worth approximately $397,413,000. Norges Bank bought a new position in shares of AST SpaceMobile during the fourth quarter valued at $198,270,000. Clear Street Group Inc. acquired a new position in shares of AST SpaceMobile during the third quarter worth $90,129,000. Vanguard Group Inc. grew its stake in shares of AST SpaceMobile by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company’s stock worth $1,560,687,000 after purchasing an additional 1,568,292 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of AST SpaceMobile by 44.0% in the fourth quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock worth $338,569,000 after purchasing an additional 1,425,199 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

AST SpaceMobile Price Performance

Shares of AST SpaceMobile stock opened at $73.32 on Monday. The stock’s 50-day moving average is $87.43 and its 200 day moving average is $89.72. AST SpaceMobile, Inc. has a one year low of $36.08 and a one year high of $133.86. The firm has a market cap of $28.46 billion, a price-to-earnings ratio of -41.19 and a beta of 2.69. The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37.

AST SpaceMobile (NASDAQ:ASTS) last issued 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 business had revenue of $14.73 million during the quarter, compared to the consensus estimate of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The company’s revenue for the quarter was up 1952.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. Equities research analysts anticipate that AST SpaceMobile, Inc. will post -1.47 EPS for the current year.

Key Headlines 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

Analyst Ratings Changes

Several research analysts have commented on ASTS shares. UBS Group cut their target price on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Wednesday, June 24th. New Street Research set a $106.00 price target on shares of AST SpaceMobile in a research report on Friday, May 29th. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. Finally, Barclays increased their price objective on shares of AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, AST SpaceMobile has an average rating of “Reduce” and an average target price of $85.09.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, major shareholder Hiroshi Mikitani sold 1,690,000 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $91.42, for a total value of $154,499,800.00. Following the completion of the sale, the insider directly owned 29,330,155 shares in the company, valued at approximately $2,681,362,770.10. This trade represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Martin Johnson sold 45,809 shares of AST SpaceMobile stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the completion of the sale, the chief financial officer directly owned 503,619 shares of the company’s stock, valued at approximately $47,244,498.39. This trade represents a 8.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,145,809 shares of company stock worth $280,645,292 over the last quarter. 20.89% of the stock is currently owned by insiders.

About AST SpaceMobile

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.