4,000 Shares in AST SpaceMobile, Inc. (NASDAQ:ASTS) Purchased by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC bought a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,000 shares of the company’s stock, valued at approximately $105,000.

Other large investors have also recently bought and sold shares of the company. Cantor Fitzgerald L. P. acquired a new stake in shares of AST SpaceMobile in the fourth quarter valued at about $66,000. Broad Run Investment Management LLC increased its position in shares of AST SpaceMobile by 74.8% during the 4th quarter. Broad Run Investment Management LLC now owns 3,962,853 shares of the company’s stock worth $23,896,000 after purchasing an additional 1,695,805 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of AST SpaceMobile during the 4th quarter worth approximately $259,000. PNC Financial Services Group Inc. grew its position in shares of AST SpaceMobile by 319.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 163,296 shares of the company’s stock valued at $985,000 after acquiring an additional 124,322 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in AST SpaceMobile during the first quarter worth approximately $45,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, COO Shanti B. Gupta sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $25.83, for a total transaction of $2,066,400.00. Following the completion of the transaction, the chief operating officer now directly owns 393,232 shares in the company, valued at $10,157,182.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Shanti B. Gupta sold 80,000 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $25.83, for a total transaction of $2,066,400.00. Following the sale, the chief operating officer now directly owns 393,232 shares in the company, valued at approximately $10,157,182.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Adriana Cisneros bought 4,934 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $26.32 per share, for a total transaction of $129,862.88. Following the completion of the transaction, the director now owns 774,772 shares in the company, valued at $20,391,999.04. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 56.56% of the stock is currently owned by corporate insiders.

AST SpaceMobile Trading Down 6.6 %

Shares of ASTS stock opened at $22.61 on Thursday. AST SpaceMobile, Inc. has a fifty-two week low of $1.97 and a fifty-two week high of $39.08. The stock’s fifty day moving average price is $26.73 and its two-hundred day moving average price is $14.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.38 and a current ratio of 6.38. The company has a market cap of $5.82 billion, a PE ratio of -23.07 and a beta of 1.62.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.05. The business had revenue of $0.90 million during the quarter, compared to analyst estimates of $2.00 million. Equities analysts predict that AST SpaceMobile, Inc. will post -0.88 EPS for the current fiscal year.

AST SpaceMobile 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.