AST SpaceMobile, Inc. (NASDAQ:ASTS) Shares Purchased by Boothbay Fund Management LLC

Boothbay Fund Management LLC increased its stake in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 19,742.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,668 shares of the company's stock after buying an additional 16,584 shares during the period. Boothbay Fund Management LLC's holdings in AST SpaceMobile were worth $352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of AST SpaceMobile by 49.4% in the fourth quarter. Vanguard Group Inc. now owns 14,987,351 shares of the company's stock valued at $316,233,000 after acquiring an additional 4,955,941 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of AST SpaceMobile by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 3,496,825 shares of the company's stock valued at $73,801,000 after purchasing an additional 229,759 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of AST SpaceMobile in the 4th quarter worth approximately $59,523,000. Charles Schwab Investment Management Inc. boosted its stake in shares of AST SpaceMobile by 11.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,266,713 shares of the company's stock valued at $26,728,000 after purchasing an additional 135,008 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in AST SpaceMobile by 0.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 854,063 shares of the company's stock valued at $18,021,000 after buying an additional 7,991 shares during the period. Institutional investors own 60.95% of the company's stock.

Insider Buying and Selling

In other news, Director Julio A. Torres sold 20,000 shares of AST SpaceMobile stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.73, for a total value of $614,600.00. Following the completion of the sale, the director now directly owns 52,628 shares of the company's stock, valued at approximately $1,617,258.44. The trade was a 27.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 41.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Roth Capital assumed 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 on the stock. Oppenheimer started coverage on AST SpaceMobile in a research report on Monday. They set a "market perform" rating on the stock. UBS Group raised their price objective on AST SpaceMobile from $31.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Scotiabank reaffirmed an "outperform" rating on shares of AST SpaceMobile in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $30.00 price target on shares of AST SpaceMobile in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.82.

AST SpaceMobile Trading Down 6.3 %

ASTS stock traded down $1.67 during mid-day trading on Monday, hitting $24.75. 10,926,772 shares of the company were exchanged, compared to its average volume of 12,662,002. The business has a fifty day simple moving average of $25.05 and a 200-day simple moving average of $24.54. The firm has a market capitalization of $7.83 billion, a P/E ratio of -11.67 and a beta of 2.05. AST SpaceMobile, Inc. has a 12-month low of $2.12 and a 12-month high of $39.08. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31.

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.