AST SpaceMobile, Inc. $ASTS Shares Sold by Baird Financial Group Inc.

Key Points

• Baird Financial Group cut its AST SpaceMobile stake by 33.3% in the second quarter, selling 27,405 shares and retaining 54,821 shares valued at approximately $4.87 million. Institutional investors collectively own 60.95% of the company.
• Analyst sentiment remains mixed, with six Buy, five Hold, and two Sell ratings; the consensus rating is Hold with an average price target of $86.58.
• AST SpaceMobile missed quarterly expectations, reporting an adjusted loss of $0.77 per share versus the $0.32 consensus estimate and revenue of $31.52 million versus $34.53 million expected. Despite the weak results and ongoing losses, director Adriana Cisneros purchased 10,822 shares worth about $619,000.

Baird Financial Group Inc. lessened its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 33.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,821 shares of the company's stock after selling 27,405 shares during the period. Baird Financial Group Inc.'s holdings in AST SpaceMobile were worth $4,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Compass Financial Management LLC acquired a new stake in AST SpaceMobile in the 2nd quarter worth about $26,000. Grove Bank & Trust purchased a new position in shares of AST SpaceMobile in the second quarter valued at approximately $27,000. Continuum Advisory LLC purchased a new stake in shares of AST SpaceMobile during the second quarter worth $28,000. Cornerstone Planning Group LLC raised its holdings in AST SpaceMobile by 16,350.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company's stock valued at $27,000 after acquiring an additional 327 shares during the last quarter. Finally, Portus Wealth Advisors LLC acquired a new position in AST SpaceMobile during the first quarter worth $30,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ASTS shares. New Street Research set a $106.00 price objective on shares of AST SpaceMobile in a report on Friday, May 29th. William Blair reaffirmed a "market perform" rating on shares of AST SpaceMobile in a research note on Friday, May 29th. Weiss Ratings reiterated a "sell (d-)" rating on shares of AST SpaceMobile in a research report on Wednesday, June 24th. Cantor Fitzgerald lifted their target price on AST SpaceMobile from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Tuesday, August 11th. Finally, Scotiabank raised AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $50.80 price target on the stock in a research note on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $86.58.

AST SpaceMobile News Roundup

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

• Positive Sentiment: AST SpaceMobile’s potential market opportunity remains substantial. Analysts highlighted a base of more than 60 mobile-network operators representing approximately 3 billion subscribers, supporting the long-term revenue case for its direct-to-device satellite network. Deployment and regulatory approvals remain important execution hurdles. Can AST SpaceMobile's Expanding MNO Base Boost Its Revenue Prospects?
• Neutral Sentiment: Several law firms announced or promoted securities class actions covering investors who purchased ASTS securities between March 4, 2025, and July 15, 2026. The announcements largely relate to the same underlying case rather than signaling multiple independent operational events. Investors seeking lead-plaintiff status generally have until November 13, 2026, in at least one of the notices. ASTS Investor Alert
• Negative Sentiment: The lawsuits allege that AST SpaceMobile made misleading statements or failed to disclose risks involving rising capital requirements, potential debt and share dilution, the adequacy of its liquidity, competitive conditions, and slower-than-expected user adoption in the United States and Japan. These are allegations, not proven findings, but the legal overhang can weigh on investor sentiment. ASTS Investor Alert: Class Action Lawsuit Filed
• Negative Sentiment: Investor commentary also questioned whether ASTS’s valuation is justified by its balance sheet and growth prospects. The company is still loss-making, recently missed quarterly earnings and revenue expectations, and is expected to remain unprofitable, reinforcing concerns about cash burn and future financing or dilution. AST SpaceMobile vs. Redwire

AST SpaceMobile Trading Down 2.0%

NASDAQ ASTS opened at $58.77 on Wednesday. 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 one year low of $39.50 and a one year high of $133.86. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of -27.46 and a beta of 2.74. The firm has a 50 day simple moving average of $63.86 and a 200-day simple moving average of $79.43.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted 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). The company had revenue of $31.52 million for the quarter, compared to analysts' expectations of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%.During the same period in the prior year, the company posted ($0.41) EPS. Equities research analysts anticipate that AST SpaceMobile, Inc. will post -1.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Adriana Cisneros purchased 10,822 shares of the firm's stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the completion of the purchase, the director directly owned 797,023 shares of the company's stock, valued at $45,605,656.06. The trade was a 1.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.89% of the stock is currently owned by company insiders.

AST SpaceMobile Profile

AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard, unmodified mobile phones directly to satellites. Its planned service is intended to extend mobile connectivity beyond the coverage of traditional terrestrial wireless networks, including in rural, remote and underserved areas.

The company's primary technology platform consists of large, low-Earth-orbit satellites known as BlueBirds. AST SpaceMobile is developing these satellites to provide voice, messaging and broadband data services through partnerships with mobile network operators, using existing cellular devices and spectrum where permitted.

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

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