Clarus Wealth Advisors Buys Shares of 22,196 AST SpaceMobile, Inc. $ASTS

Key Points

• Clarus Wealth Advisors acquired 22,196 AST SpaceMobile shares worth approximately $1.97 million, while institutional investors collectively own 60.95% of the company.
• AST SpaceMobile’s second-quarter results missed expectations, with revenue of $31.5 million and a loss of $0.77 per share. Higher spending increased cash-burn and execution risks.
• Despite the earnings miss, management reaffirmed 2026 revenue guidance of $150 million to $200 million and cited a $1.2 billion-$1.3 billion backlog; analysts’ consensus rating remains “Hold,” with an average target price of $87.42.

Clarus Wealth Advisors bought a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,196 shares of the company's stock, valued at approximately $1,972,000.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft cut AST SpaceMobile from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $117.00 to $106.00 in a research note on Friday, May 29th. New Street Research set a $106.00 target price on AST SpaceMobile in a report on Friday, May 29th. Scotiabank upgraded AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $50.80 target price on the stock in a report on Wednesday, July 29th. Piper Sandler dropped their price objective on AST SpaceMobile from $100.00 to $98.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, UBS Group reduced their target price on AST SpaceMobile from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, AST SpaceMobile has an average rating of "Hold" and a consensus target price of $87.42.

AST SpaceMobile Stock Up 4.2%

AST SpaceMobile stock opened at $71.63 on Wednesday. The stock has a market capitalization of $27.80 billion, a PE ratio of -33.47 and a beta of 2.75. AST SpaceMobile, Inc. has a twelve month low of $36.08 and a twelve month high of $133.86. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $74.29 and a 200-day moving average of $85.47.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.77) EPS 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 analyst estimates of $34.53 million. AST SpaceMobile had a negative return on equity of 23.32% and a negative net margin of 536.66%.During the same quarter in the previous year, the business earned ($0.41) earnings per share. On average, equities research analysts anticipate that AST SpaceMobile, Inc. will post -1.38 EPS for the current fiscal year.

AST SpaceMobile News Roundup

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

• Positive Sentiment: Management reaffirmed 2026 revenue guidance of $150 million to $200 million, roughly consistent with Wall Street expectations. The company also said it is targeting approximately 45 BlueBird satellites in orbit by early 2027, supporting a planned beta service rollout. ASTS Q2 Earnings Call Puts Beta Rollout and Government Growth in Focus
• Positive Sentiment: AST SpaceMobile highlighted a revenue backlog of approximately $1.2 billion to $1.3 billion, more than 60 mobile-network-operator relationships, a $1 billion government-related award, and continued satellite production and launches. These developments strengthen the longer-term revenue opportunity despite service revenue not yet beginning. AST SpaceMobile Posts Q2 Misses, Backlog Grows to $1.3 Billion
• Positive Sentiment: Analyst sentiment remained supportive. Cantor Fitzgerald raised its price target to $90 from $80 while maintaining an overweight rating, and Piper Sandler retained overweight with a $98 target despite trimming it from $100. AST SpaceMobile Price Target Raised at Cantor Fitzgerald
• Neutral Sentiment: Technical and sector momentum provided additional support: ASTS held firm after earnings while space-related stocks, including Voyager Technologies, attracted investor interest. However, the stock remains highly volatile and below its 50-day and 200-day moving averages.
• Negative Sentiment: Second-quarter results missed estimates for the sixth consecutive quarter. Revenue was $31.5 million versus roughly $35 million expected, while the adjusted loss was $0.77 per share versus estimates near $0.26-$0.32. Higher capital spending and operating costs drove the wider loss, underscoring substantial cash-burn and execution risks. AST SpaceMobile Second Quarter Earnings Fall Short of Estimates

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $96.37, for a total value of $3,854,800.00. Following the sale, the chief technology officer owned 34,750 shares of the company's stock, valued at $3,348,857.50. This trade represents a 53.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew Martin Johnson sold 45,809 shares of AST SpaceMobile stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $93.81, for a total value of $4,297,342.29. Following the completion of the sale, the chief financial officer directly owned 503,619 shares in the company, valued at $47,244,498.39. This represents a 8.34% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 90,809 shares of company stock valued at $8,603,392. Corporate insiders own 20.89% of the company's stock.

AST SpaceMobile Company Profile

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.

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.

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