15,350 AST SpaceMobile, Inc. $ASTS Shares Purchased by Bokf Na

Key Points

• Institutional ownership increased: Bokf Na boosted its AST SpaceMobile position by 1,993.5%, purchasing 15,350 additional shares for a total holding worth approximately $949,000. Institutional investors and hedge funds collectively own 60.95% of the company.
• Analyst sentiment remains mixed: ASTS has a consensus “Hold” rating from analysts, with six Buy, six Hold and two Sell ratings, and an average price target of $80.67. Recent actions included downgrades from Royal Bank of Canada and Piper Sandler, alongside an upgrade from Scotiabank.
• The company faces execution and financial challenges: AST SpaceMobile missed quarterly earnings and revenue estimates, reporting a $0.77 loss per share and $31.52 million in revenue. Shares opened at $40.97, well below their 52-week high of $133.86, while competition, launch risks and legal uncertainty add pressure.

Bokf Na boosted its holdings in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 1,993.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,120 shares of the company's stock after purchasing an additional 15,350 shares during the quarter. Bokf Na's holdings in AST SpaceMobile were worth $949,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE increased its position in shares of AST SpaceMobile by 140.3% in the 1st quarter. Bank of America Corp DE now owns 1,644,246 shares of the company's stock worth $136,259,000 after purchasing an additional 960,045 shares during the last quarter. First Trust Advisors LP lifted its holdings in AST SpaceMobile by 14.3% during the 1st quarter. First Trust Advisors LP now owns 1,316,852 shares of the company's stock worth $109,128,000 after buying an additional 164,303 shares during the last quarter. Tidal Investments LLC grew its position in shares of AST SpaceMobile by 9,876.8% in the 2nd quarter. Tidal Investments LLC now owns 1,049,061 shares of the company's stock worth $93,220,000 after acquiring an additional 1,038,546 shares in the last quarter. Tema ETFs LLC grew its position in shares of AST SpaceMobile by 109,486.8% in the 2nd quarter. Tema ETFs LLC now owns 1,003,815 shares of the company's stock worth $89,199,000 after acquiring an additional 1,002,899 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of AST SpaceMobile by 21.5% in the 1st quarter. Bank of New York Mellon Corp now owns 837,559 shares of the company's stock worth $69,409,000 after acquiring an additional 148,464 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ASTS shares. Royal Bank Of Canada cut AST SpaceMobile to a "sector perform" rating in a research note on Friday, October 2nd. Piper Sandler cut shares of AST SpaceMobile from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $98.00 to $54.00 in a report on Tuesday, October 13th. UBS Group began coverage on shares of AST SpaceMobile in a research report on Wednesday, September 2nd. They issued a "buy" rating on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AST SpaceMobile in a report on Monday, September 21st. Finally, Scotiabank raised shares of AST SpaceMobile from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $50.80 to $55.70 in a research report on Friday, October 23rd. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $80.67.

Key Stories Impacting AST SpaceMobile

Here are the key news stories impacting AST SpaceMobile this week:

• Positive Sentiment: FCC spectrum expansion improves the industry outlook. The Federal Communications Commission adopted a proposal to expand spectrum available for “supplemental coverage from space,” potentially allowing AST SpaceMobile and wireless carriers to use satellite links more broadly in areas outside conventional tower coverage. ASTS Stock Gains On FCC Plan to Expand Direct-To-Phone Spectrum
• Positive Sentiment: Brazil authorizations and operator agreements advance commercialization. AST SpaceMobile received spectrum authorizations from Brazil’s telecom regulator and signed agreements with four regional mobile operators. The deals could support future satellite-enabled broadband coverage in underserved Brazilian markets and validate the company’s international partnership strategy. AST SpaceMobile Secures Brazil Spectrum Authorizations and Four Operator Agreements
• Positive Sentiment: Bullish commentary points to potential growth beyond the recent selloff. An investment analysis cited AST’s funded satellite constellation, more than 60 carrier partners and possible large government contracts as reasons the shares may be undervalued relative to their long-term opportunity. These contracts remain potential rather than guaranteed catalysts. Prediction: ASTS Could Be Entering Its Biggest Growth Phase Yet
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action. The lawsuit covers investors who purchased ASTS securities from March 4, 2025, through July 15, 2026, with a November 13, 2026 lead-plaintiff deadline. Attorneys allege the company made material misstatements or omissions regarding capital and liquidity, including claims tied to roughly $3 billion of convertible-note offerings and dilution. The allegations have not been proven, but the litigation adds reputational and legal uncertainty. Pomerantz Class Action Announcement
• Negative Sentiment: Amazon’s approved Globalstar transaction raises competitive concerns. Amazon’s sizable investment and FCC-approved deal involving Globalstar could strengthen a rival satellite-connectivity ecosystem, increasing pressure on AST SpaceMobile to execute its constellation deployment and secure commercial contracts. Amazon’s FCC-Approved Globalstar Deal

Insider Activity

In other AST SpaceMobile news, Director Adriana Cisneros acquired 10,822 shares of AST SpaceMobile stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of $57.22 per share, for a total transaction of $619,234.84. Following the completion of the transaction, the director owned 797,023 shares in the company, valued at approximately $45,605,656.06. This represents a 1.38% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total value of $2,357,200.00. Following the completion of the transaction, the chief technology officer directly owned 34,750 shares of the company's stock, valued at $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 20.89% of the company's stock.

AST SpaceMobile Stock Performance

Shares of ASTS opened at $40.97 on Friday. The firm has a fifty day moving average of $55.02 and a 200-day moving average of $77.74. The company has a market cap of $15.94 billion, a price-to-earnings ratio of -19.14 and a beta of 2.72. The company has a debt-to-equity ratio of 1.24, a quick ratio of 12.90 and a current ratio of 13.05. AST SpaceMobile, Inc. has a 1 year low of $36.72 and a 1 year high of $133.86.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.45). AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. The firm had revenue of $31.52 million during the quarter, compared to analyst estimates of $34.53 million. During the same period last year, the business earned ($0.41) EPS. As a group, equities analysts anticipate that AST SpaceMobile, Inc. will post -1.91 earnings per share for the current year.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.