AST SpaceMobile, Inc. (NASDAQ:ASTS) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP boosted its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 117.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,874 shares of the company's stock after acquiring an additional 28,025 shares during the period. Two Sigma Investments LP's holdings in AST SpaceMobile were worth $1,095,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in AST SpaceMobile by 49.4% during the fourth quarter. Vanguard Group Inc. now owns 14,987,351 shares of the company's stock worth $316,233,000 after purchasing an additional 4,955,941 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of AST SpaceMobile by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 3,496,825 shares of the company's stock valued at $73,801,000 after acquiring an additional 229,759 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in shares of AST SpaceMobile during the 4th quarter valued at $59,523,000. Charles Schwab Investment Management Inc. lifted its stake in shares of AST SpaceMobile by 11.9% in the 4th 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 during the last quarter. Finally, Northern Trust Corp lifted its position in AST SpaceMobile by 8.8% during the 4th quarter. Northern Trust Corp now owns 1,233,056 shares of the company's stock worth $26,017,000 after acquiring an additional 100,153 shares during the last quarter. Institutional investors own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $30.00 price objective on shares of AST SpaceMobile in a research report on Tuesday, March 4th. Oppenheimer assumed coverage on shares of AST SpaceMobile in a research note on Monday, May 5th. They set a "market perform" rating on the stock. UBS Group increased their price target on shares of AST SpaceMobile from $31.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Roth Capital initiated coverage on shares of AST SpaceMobile in a report on Thursday, April 10th. They issued a "buy" rating and a $42.00 price objective on the stock. Finally, Scotiabank cut their target price on shares of AST SpaceMobile from $47.90 to $45.40 and set a "sector outperform" rating on the stock in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.40.

Insider Transactions at AST SpaceMobile

In related news, Director Julio A. Torres sold 20,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $30.73, for a total transaction of $614,600.00. Following the sale, the director now directly owns 52,628 shares in the company, valued at approximately $1,617,258.44. This represents a 27.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Huiwen Yao sold 55,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $26.82, for a total transaction of $1,475,100.00. The disclosure for this sale can be found here. 34.15% of the stock is currently owned by insiders.

AST SpaceMobile Stock Performance

Shares of AST SpaceMobile stock opened at $30.85 on Friday. AST SpaceMobile, Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $39.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80. The firm has a market capitalization of $9.76 billion, a P/E ratio of -14.55 and a beta of 2.02. The company's 50 day moving average price is $24.02 and its two-hundred day moving average price is $24.58.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.03). The company had revenue of $0.72 million for the quarter, compared to analyst estimates of $3.85 million. On average, equities analysts forecast that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current fiscal year.

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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