Tower Research Capital LLC TRC cut its stake in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 85.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,879 shares of the company's stock after selling 39,922 shares during the quarter. Tower Research Capital LLC TRC's holdings in AST SpaceMobile were worth $145,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of AST SpaceMobile by 49.4% during the 4th quarter. Vanguard Group Inc. now owns 14,987,351 shares of the company's stock worth $316,233,000 after purchasing an additional 4,955,941 shares in the last quarter. Geode Capital Management LLC increased its stake in AST SpaceMobile by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 3,496,825 shares of the company's stock worth $73,801,000 after acquiring an additional 229,759 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in AST SpaceMobile by 11.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,266,713 shares of the company's stock valued at $26,728,000 after acquiring an additional 135,008 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of AST SpaceMobile by 0.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 854,063 shares of the company's stock valued at $18,021,000 after acquiring an additional 7,991 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of AST SpaceMobile by 57.6% during the 4th quarter. Bank of New York Mellon Corp now owns 641,678 shares of the company's stock worth $13,539,000 after purchasing an additional 234,517 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.
Wall Street Analyst Weigh In
ASTS has been the topic of a number of analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $30.00 price objective on shares of AST SpaceMobile in a research note on Tuesday, March 4th. Oppenheimer started coverage on shares of AST SpaceMobile in a research report on Monday, May 5th. They set a "market perform" rating on the stock. Roth Capital initiated coverage on shares of AST SpaceMobile in a research report on Thursday, April 10th. They set a "buy" rating and a $42.00 price objective for the company. UBS Group lifted their target price on AST SpaceMobile from $31.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Scotiabank reissued an "outperform" rating on shares of AST SpaceMobile in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, AST SpaceMobile currently has an average rating of "Moderate Buy" and a consensus price target of $42.82.
Get Our Latest Stock Report on ASTS
AST SpaceMobile Stock Performance
Shares of ASTS stock traded up $0.51 on Friday, hitting $25.76. 7,670,122 shares of the stock were exchanged, compared to its average volume of 12,796,838. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $8.15 billion, a PE ratio of -12.15 and a beta of 2.05. AST SpaceMobile, Inc. has a one year low of $2.12 and a one year high of $39.08. The firm's 50 day moving average is $24.88 and its two-hundred day moving average is $24.48.
Insider Buying and Selling at AST SpaceMobile
In related news, Director Julio A. Torres sold 20,000 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.73, for a total transaction of $614,600.00. Following the sale, the director now owns 52,628 shares of the company's stock, valued at approximately $1,617,258.44. This represents a 27.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 34.15% of the company's stock.
AST SpaceMobile Company Profile
(
Free Report)
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.
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