Capelight Capital Asset Management LP Acquires Shares of 18,000 AST SpaceMobile, Inc. $ASTS

Key Points

• Capelight Capital acquired a new stake of 18,000 AST SpaceMobile shares valued at about $1.307 million, representing roughly 1.1% of its portfolio and its 25th largest holding.
• Q4 results showed a material revenue beat ($54.31M vs. $39.53M expected) but an EPS miss (‑$0.26 vs. ‑$0.18), fueling volatility and a roughly 10.5% intraday decline amid headlines such as Amazon’s Globalstar deal.
• Institutional investors own about 60.95% of ASTS and insiders 30.90% after CTO Huiwen Yao sold 40,000 shares at $88.88, while analysts’ consensus is a 'Reduce' rating with an average price target of $69.12 (mixed buy/hold/sell coverage).

Capelight Capital Asset Management LP acquired a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,000 shares of the company's stock, valued at approximately $1,307,000. AST SpaceMobile comprises about 1.1% of Capelight Capital Asset Management LP's portfolio, making the stock its 25th biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ASTS. AQR Capital Management LLC boosted its stake in AST SpaceMobile by 11.8% in the first quarter. AQR Capital Management LLC now owns 34,548 shares of the company's stock valued at $786,000 after acquiring an additional 3,642 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of AST SpaceMobile by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company's stock worth $1,814,000 after purchasing an additional 3,515 shares in the last quarter. Millennium Management LLC boosted its position in shares of AST SpaceMobile by 16.1% during the first quarter. Millennium Management LLC now owns 467,626 shares of the company's stock worth $10,634,000 after purchasing an additional 64,989 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of AST SpaceMobile by 18.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company's stock worth $7,405,000 after purchasing an additional 49,811 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of AST SpaceMobile during the first quarter worth $168,000. 60.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ASTS. Zacks Research raised shares of AST SpaceMobile from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of AST SpaceMobile in a research report on Tuesday, January 20th. UBS Group lifted their price target on shares of AST SpaceMobile from $43.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 4th. Scotiabank cut shares of AST SpaceMobile from a "sector perform" rating to a "sector underperform" rating and set a $45.60 price target on the stock. in a research report on Wednesday, January 7th. Finally, Wall Street Zen cut shares of AST SpaceMobile from a "sell" rating to a "strong sell" rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $69.12.

Insider Buying and Selling

In related news, CTO Huiwen Yao sold 40,000 shares of the business's stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $88.88, for a total value of $3,555,200.00. Following the sale, the chief technology officer directly owned 4,750 shares of the company's stock, valued at approximately $422,180. The trade was a 89.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 30.90% of the company's stock.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: Q4 revenue materially beat expectations and management reiterated long‑term commercial targets — revenue jumped to about $70.9M (huge YoY growth) and the company kept its multi‑satellite deployment plan and 2027 commercial revenue goal, supporting the bull case that the business is de‑risking from testing to early commercialization. AST SpaceMobile (ASTS) Is Up 6.9% After Q4 Beat And Launch Delay Update Has The Bull Case Changed?
• Positive Sentiment: Sector tailwinds: Market commentary suggests a potential SpaceX IPO and renewed institutional interest in the space sector could funnel capital into names like ASTS, which benefits from launch availability and investor appetite for space infrastructure. 5 Space Stocks Already Climbing Ahead of the SpaceX IPO (ASTS)
• Neutral Sentiment: Operations & supply‑chain: ASTS is ramping Block‑2 BlueBird production and pursuing vertical integration to lower geopolitical/supply‑chain risk, but it still relies on outside vendors — a mixed read for execution and timing. Can ASTS' Manufacturing Strategy Shield it From Geopolitical Risks?
• Negative Sentiment: Competitive shock: Amazon’s announced $11.6B acquisition of Globalstar is being viewed as a major strategic move into satellite connectivity, lifting Globalstar and pressuring peers; that development appears to have directly contributed to selling pressure on ASTS today. AST SpaceMobile stock is slipping and Amazon may be to blame
• Negative Sentiment: Earnings nuance and market reaction: While revenue beat, ASTS missed on EPS (reported loss larger than expected), and the company still shows wide negative margins and heavy losses — fundamentals that make the stock sensitive to headline risk. Intraday volume spiked well above average as traders reacted to the Amazon/Globalstar news and the mixed earnings print. AST SpaceMobile, Inc. (ASTS) Stock Declines While Market Improves: Some Information for Investors

AST SpaceMobile Trading Down 10.5%

ASTS opened at $88.57 on Wednesday. The stock has a market capitalization of $33.84 billion, a P/E ratio of -67.10 and a beta of 2.81. AST SpaceMobile, Inc. has a 12 month low of $20.26 and a 12 month high of $129.89. The firm's fifty day simple moving average is $89.60 and its 200 day simple moving average is $82.76. The company has a current ratio of 16.35, a quick ratio of 16.27 and a debt-to-equity ratio of 0.92.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The company had revenue of $54.31 million during the quarter, compared to the consensus estimate of $39.53 million. AST SpaceMobile had a negative net margin of 482.16% and a negative return on equity of 23.02%. The firm's quarterly revenue was up 2731.3% on a year-over-year basis. As a group, research analysts anticipate that AST SpaceMobile, Inc. will post -0.4 EPS for the current fiscal year.

About AST SpaceMobile

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company's core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.

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