Bayesian Capital Management LP Has $896,000 Stake in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Bayesian Capital Management LP lifted its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 222.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,479 shares of the company's stock after acquiring an additional 29,298 shares during the quarter. Bayesian Capital Management LP's holdings in AST SpaceMobile were worth $896,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. raised its position in AST SpaceMobile by 235.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 247,781 shares of the company's stock valued at $6,479,000 after purchasing an additional 174,007 shares during the last quarter. Key Colony Management LLC increased its stake in shares of AST SpaceMobile by 44.1% in the fourth quarter. Key Colony Management LLC now owns 196,000 shares of the company's stock valued at $4,136,000 after buying an additional 60,000 shares in the last quarter. Lake Hills Wealth Management LLC bought a new position in shares of AST SpaceMobile in the fourth quarter valued at about $374,000. KBC Group NV lifted its position in AST SpaceMobile by 63.8% during the 4th quarter. KBC Group NV now owns 6,509 shares of the company's stock worth $137,000 after buying an additional 2,536 shares in the last quarter. Finally, MBE Wealth Management LLC grew its holdings in AST SpaceMobile by 7.0% during the 4th quarter. MBE Wealth Management LLC now owns 39,718 shares of the company's stock worth $838,000 after acquiring an additional 2,602 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Oppenheimer started coverage on shares of AST SpaceMobile in a research note on Monday. They issued a "market perform" rating for the company. Roth Capital started coverage on shares of AST SpaceMobile in a research report on Thursday, April 10th. They issued a "buy" rating and a $42.00 price objective for the company. UBS Group increased their price objective on AST SpaceMobile from $31.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Cantor Fitzgerald restated an "overweight" rating and set a $30.00 target price on shares of AST SpaceMobile in a research report on Tuesday, March 4th. Finally, Scotiabank reiterated an "outperform" rating on shares of AST SpaceMobile in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.82.

AST SpaceMobile Stock Performance

ASTS stock opened at $24.75 on Tuesday. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31. AST SpaceMobile, Inc. has a twelve month low of $2.12 and a twelve month high of $39.08. The business's fifty day moving average is $25.00 and its 200-day moving average is $24.51. The company has a market cap of $7.83 billion, a P/E ratio of -11.67 and a beta of 2.05.

Insider Buying and Selling at AST SpaceMobile

In other news, Director Julio A. Torres sold 20,000 shares of the business's 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 completion of the transaction, the director now directly owns 52,628 shares in the company, valued at approximately $1,617,258.44. The trade was a 27.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 41.80% of the company's stock.

About AST SpaceMobile

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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