Oak Thistle LLC Invests $2.13 Million in AST SpaceMobile, Inc. $ASTS

Key Points

• Oak Thistle LLC opened a new position in AST SpaceMobile (NASDAQ:ASTS) in Q4, acquiring 29,295 shares valued at approximately $2.13 million.
• CTO Huiwen Yao sold 40,000 shares at an average of $88.88 for about $3.56 million, cutting their holding by 89.39%; insiders now own 30.90% of the company while institutional investors hold roughly 60.95%.
• ASTS reported a sizable revenue beat ($54.31M vs. $39.53M expected, up 2,731% YoY) but missed EPS (-$0.26 vs. -$0.18), has deeply negative margins, and faces mixed analyst sentiment with an average target of about $63.77 ("Reduce").

Oak Thistle LLC acquired a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 29,295 shares of the company's stock, valued at approximately $2,128,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ASTS. AQR Capital Management LLC raised its holdings in AST SpaceMobile by 11.8% during the first quarter. AQR Capital Management LLC now owns 34,548 shares of the company's stock worth $786,000 after purchasing an additional 3,642 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 raised its holdings in 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 raised its holdings in 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 stake in AST SpaceMobile during the first quarter worth approximately $168,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $88.88, for a total transaction of $3,555,200.00. Following the transaction, the chief technology officer directly owned 4,750 shares in the company, valued at approximately $422,180. The trade was a 89.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 30.90% of the company's stock.

AST SpaceMobile Trading Down 2.4%

NASDAQ ASTS opened at $92.57 on Wednesday. AST SpaceMobile, Inc. has a twelve month low of $19.67 and a twelve month high of $129.89. The company has a debt-to-equity ratio of 0.92, a quick ratio of 16.27 and a current ratio of 16.35. The stock has a market cap of $35.36 billion, a price-to-earnings ratio of -70.13 and a beta of 2.81. The firm's 50 day moving average price is $91.69 and its two-hundred day moving average price is $81.26.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Scotiabank cut AST SpaceMobile from a "sector perform" rating to a "sector underperform" rating and set a $45.60 target price on the stock. in a report on Wednesday, January 7th. Zacks Research raised AST SpaceMobile from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 4th. Weiss Ratings reissued a "sell (d-)" rating on shares of AST SpaceMobile in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of AST SpaceMobile in a report on Tuesday, January 20th. Finally, UBS Group boosted their target price on AST SpaceMobile from $43.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $63.77.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: Meta executive visit reported — investor optimism that strategic conversations or potential commercial interest could accelerate partnerships or revenue opportunities. AST SpaceMobile stock gains after Meta executive visit
• Positive Sentiment: Bullish analyst/coverage pieces argue ASTS has differentiated tech and a large partner footprint (50+ mobile network operators) and rate it a Strong Buy—this fuels investor conviction in future monetization. AST SpaceMobile: A Much More Compelling Investment Opportunity Than Starlink
• Positive Sentiment: Sector tailwind—coverage of a potential SpaceX IPO and its market ripple effects is boosting sentiment across space and satellite names, benefiting ASTS as investors rotate into the theme. SpaceX's IPO could supercharge the entire space industry
• Neutral Sentiment: Artemis II mission milestones are lifting overall investor interest in space equities; this is a sentiment boost rather than a direct revenue driver for ASTS. Artemis II Makes History. Humans Have Never Travelled This Far From Earth.
• Neutral Sentiment: Analyst notes reiterate ASTS's partner backlog (> $1.2B) and defend the long-term thesis despite rising competition—keeps sentiment mixed as investors weigh growth vs. headwinds. AST SpaceMobile: Navigating Competition From Starlink And Bezos
• Negative Sentiment: “Soars to new highs, but with risks ahead” coverage flags valuation, execution, and competitive threats (Starlink, Blue Origin), reminding investors that upside carries significant execution risk. AST SpaceMobile: Soars To New Highs, But With Risks Ahead
• Negative Sentiment: Fundamental caution: ASTS recently missed EPS estimates (reported on March 2), has deeply negative margins and a high market valuation—these factors leave the stock vulnerable to profit-taking if execution or contract delivery slips.

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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