20,752 Shares in AST SpaceMobile, Inc. (NASDAQ:ASTS) Bought by American Capital Advisory LLC

American Capital Advisory LLC purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 20,752 shares of the company's stock, valued at approximately $472,000.

Other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its holdings in AST SpaceMobile by 61.9% in the 1st quarter. Sunbelt Securities Inc. now owns 1,321 shares of the company's stock valued at $30,000 after acquiring an additional 505 shares in the last quarter. Xponance Inc. raised its holdings in AST SpaceMobile by 8.7% in the 4th quarter. Xponance Inc. now owns 9,676 shares of the company's stock valued at $204,000 after acquiring an additional 772 shares in the last quarter. KBC Group NV raised its holdings in AST SpaceMobile by 15.6% in the 1st quarter. KBC Group NV now owns 7,525 shares of the company's stock valued at $171,000 after acquiring an additional 1,016 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in AST SpaceMobile by 106.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,372 shares of the company's stock valued at $53,000 after acquiring an additional 1,222 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in AST SpaceMobile by 388.7% in the 1st quarter. GAMMA Investing LLC now owns 1,559 shares of the company's stock valued at $35,000 after acquiring an additional 1,240 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on ASTS shares. Bank of America started coverage on AST SpaceMobile in a report on Wednesday, June 25th. They issued a "neutral" rating and a $55.00 price objective for the company. B. Riley reiterated a "buy" rating and set a $44.00 price target (up previously from $36.00) on shares of AST SpaceMobile in a research report on Monday, June 16th. 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 target on the stock. Scotiabank reiterated a "sector perform" rating and set a $45.40 price target on shares of AST SpaceMobile in a research report on Monday, June 23rd. Finally, Oppenheimer initiated coverage on shares of AST SpaceMobile in a research report on Monday, May 5th. They set a "market perform" rating on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, AST SpaceMobile has a consensus rating of "Moderate Buy" and an average price target of $45.34.

AST SpaceMobile Price Performance

AST SpaceMobile stock traded up $0.17 during mid-day trading on Friday, reaching $45.88. The company had a trading volume of 6,101,742 shares, compared to its average volume of 12,749,241. AST SpaceMobile, Inc. has a fifty-two week low of $10.98 and a fifty-two week high of $54.05. The company has a current ratio of 10.62, a quick ratio of 10.62 and a debt-to-equity ratio of 0.60. The company has a market cap of $14.52 billion, a P/E ratio of -23.05 and a beta of 2.27. The business has a fifty day simple moving average of $32.44 and a 200 day simple moving average of $27.27.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.03). The business had revenue of $0.72 million for the quarter, compared to analyst estimates of $3.85 million. AST SpaceMobile had a negative return on equity of 23.56% and a negative net margin of 7,033.22%. On average, equities research analysts predict that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current year.

Insider Transactions at AST SpaceMobile

In other news, COO Shanti B. Gupta sold 15,000 shares of AST SpaceMobile stock in a transaction on Monday, June 9th. The shares were sold at an average price of $36.08, for a total transaction of $541,200.00. Following the transaction, the chief operating officer owned 315,667 shares in the company, valued at approximately $11,389,265.36. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Scott Wisniewski sold 50,000 shares of AST SpaceMobile stock in a transaction on Monday, June 9th. The stock was sold at an average price of $35.65, for a total transaction of $1,782,500.00. Following the transaction, the president owned 545,595 shares in the company, valued at approximately $19,450,461.75. This trade represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,250 shares of company stock worth $6,146,750. Company insiders own 34.15% 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.