FirstWave Capital Management LLC Buys New Shares in AST SpaceMobile, Inc. $ASTS

Key Points

• FirstWave Capital Management initiated a position in AST SpaceMobile, buying 21,895 shares valued at approximately $1.95 million. Institutional investors and hedge funds collectively own 60.95% of the company.
• Analyst sentiment is mixed: six analysts rate ASTS a Buy, five Hold, and two Sell, resulting in a consensus Hold rating and an average price target of $86.58. Director Adriana Cisneros also purchased more than $619,000 in shares, while CFO Andrew Johnson sold approximately $4.3 million worth.
• AST SpaceMobile reported a quarterly loss of $0.77 per share, substantially missing the $0.32 consensus estimate, while revenue of $31.52 million fell short of expectations. The company remains unprofitable, with a negative net margin of 536.66%, highlighting significant execution and cash-burn risks.

FirstWave Capital Management LLC bought a new position in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 21,895 shares of the company's stock, valued at approximately $1,946,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASTS. Cornerstone Planning Group LLC boosted its position in AST SpaceMobile by 16,350.0% in the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company's stock valued at $27,000 after buying an additional 327 shares during the last quarter. Grove Bank & Trust purchased a new stake in shares of AST SpaceMobile in the 2nd quarter valued at $27,000. Continuum Advisory LLC purchased a new stake in shares of AST SpaceMobile in the 2nd quarter valued at $28,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of AST SpaceMobile in the third quarter worth $29,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of AST SpaceMobile in the fourth quarter worth $29,000. Institutional investors and hedge funds own 60.95% of the company's stock.

Wall Street Analysts Forecast Growth

ASTS has been the subject of a number of research reports. William Blair restated a "market perform" rating on shares of AST SpaceMobile in a research report on Friday, May 29th. Cantor Fitzgerald increased their price target on AST SpaceMobile from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft set a $93.00 price objective on AST SpaceMobile in a research note on Wednesday, August 12th. Roth Capital restated a "buy" rating and issued a $108.00 target price on shares of AST SpaceMobile in a research note on Tuesday, May 12th. Finally, Piper Sandler reduced their price target on AST SpaceMobile from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday, August 11th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $86.58.

Insiders Place Their Bets

In related news, Director Adriana Cisneros purchased 10,822 shares of the company's stock in a transaction that occurred on Monday, August 31st. The shares were purchased at an average price of $57.22 per share, with a total value of $619,234.84. Following the purchase, the director 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew Johnson sold 45,809 shares of the business's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the completion of the sale, the chief financial officer directly owned 503,619 shares of the company's stock, valued at approximately $47,244,498.39. The trade was a 8.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 20.89% of the stock is currently owned by company insiders.

More AST SpaceMobile News

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

• Positive Sentiment: Berenberg initiated coverage with a Buy rating and a $92 price target, implying substantial upside from recent levels. The firm’s bullish view helped drive a sharp rebound in ASTS and reflects confidence in the company’s direct-to-smartphone satellite network and long-term commercial opportunity. AST SpaceMobile Stock Soared 12%—This Was the Catalyst
• Positive Sentiment: Insider buying and additional commentary pointing to significant analyst upside have reinforced the bullish case. AST SpaceMobile’s planned network could connect ordinary smartphones directly to satellites without specialized hardware, offering a potentially large addressable market. AST SpaceMobile Trading Up Following Insider Buying Activity
• Positive Sentiment: The broader space-stock sector is receiving increased investor attention after a major NASA contract awarded to Blue Origin. Berenberg’s positive coverage of AST SpaceMobile and other space companies may improve sentiment toward the commercial space industry. Defying Gravity: Space Stocks Reach Escape Velocity
• Neutral Sentiment: Investors are comparing AST SpaceMobile’s developing direct-to-device cellular network with SpaceX’s more established launch business and Starlink broadband service. The comparison highlights ASTS’s potentially differentiated technology, but also its earlier stage and higher execution risk. AST SpaceMobile vs. Space Exploration Technologies
• Negative Sentiment: AST SpaceMobile delayed its target for having 45 BlueBird satellites in orbit from late 2026 to early 2027. The postponement could delay commercial service and the company’s ambitious revenue objectives, despite analysts viewing the milestone as achievable. AST SpaceMobile Moved Its Commercial Launch Target to 2027
• Negative Sentiment: A securities law firm is investigating potential violations on behalf of investors who suffered losses. While the notice does not establish wrongdoing, it adds headline and litigation risk. Investors also remain concerned about cash burn, potential dilution, regulatory hurdles, and ASTS’s previous earnings shortfall. AST SpaceMobile Investigation Alert

AST SpaceMobile Stock Performance

NASDAQ ASTS opened at $62.31 on Friday. The stock has a market capitalization of $24.25 billion, a price-to-earnings ratio of -29.12 and a beta of 2.74. The stock has a 50-day moving average of $67.01 and a 200 day moving average of $80.54. The company has a current ratio of 13.05, a quick ratio of 12.90 and a debt-to-equity ratio of 1.24. AST SpaceMobile, Inc. has a twelve month low of $36.08 and a twelve month high of $133.86.

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 the consensus estimate of ($0.32) by ($0.45). The business had revenue of $31.52 million during the quarter, compared to analyst estimates of $34.53 million. AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. During the same period in the previous year, the business posted ($0.41) earnings per share. Sell-side analysts anticipate that AST SpaceMobile, Inc. will post -1.95 EPS for the current fiscal year.

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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