Pinkerton Wealth LLC Makes New $1.22 Million Investment in AST SpaceMobile, Inc. $ASTS

Key Points

• Pinkerton Wealth LLC disclosed a new position in AST SpaceMobile, buying 16,824 shares worth about $1.22 million in the fourth quarter.
• Institutional interest in ASTS remains strong, with firms like Vanguard, Northern Trust, and Van ECK increasing stakes; overall, 60.95% of the stock is held by hedge funds and other institutional investors.
• AST SpaceMobile reported a wider-than-expected loss in its latest earnings, missing EPS and revenue estimates, even as revenue surged year over year; analysts currently have a consensus rating of "Reduce" with an average target price of $79.45.

Pinkerton Wealth LLC bought a new position in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 16,824 shares of the company's stock, valued at approximately $1,222,000.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in AST SpaceMobile by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company's stock worth $1,560,687,000 after purchasing an additional 1,568,292 shares in the last quarter. Clear Street Group Inc. acquired a new stake in shares of AST SpaceMobile during the 3rd quarter worth approximately $90,129,000. Northern Trust Corp increased its holdings in shares of AST SpaceMobile by 18.1% during the 3rd quarter. Northern Trust Corp now owns 1,104,013 shares of the company's stock worth $54,185,000 after buying an additional 168,832 shares during the last quarter. Gotham Asset Management LLC increased its holdings in shares of AST SpaceMobile by 37.8% during the 3rd quarter. Gotham Asset Management LLC now owns 843,738 shares of the company's stock worth $41,411,000 after buying an additional 231,549 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of AST SpaceMobile by 125.1% during the 3rd quarter. Van ECK Associates Corp now owns 782,041 shares of the company's stock worth $38,382,000 after buying an additional 434,615 shares during the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

AST SpaceMobile Stock Up 1.7%

AST SpaceMobile stock opened at $89.58 on Thursday. AST SpaceMobile, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $129.89. The company has a debt-to-equity ratio of 1.11, a quick ratio of 18.37 and a current ratio of 18.47. The firm has a 50 day moving average price of $84.48 and a 200 day moving average price of $83.20. The company has a market capitalization of $34.22 billion, a PE ratio of -50.33 and a beta of 2.60.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its earnings results on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The company had revenue of $14.74 million during the quarter, compared to analyst estimates of $39.01 million. During the same quarter last year, the business posted ($0.20) EPS. The firm's revenue for the quarter was up 1952.2% on a year-over-year basis. Research analysts expect that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current year.

Insider Activity at AST SpaceMobile

In related news, major shareholder Hiroshi Mikitani sold 1,350,000 shares of AST SpaceMobile stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $86.22, for a total value of $116,397,000.00. Following the completion of the sale, the insider owned 27,980,155 shares in the company, valued at approximately $2,412,448,964.10. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julio A. Torres sold 15,000 shares of AST SpaceMobile stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the completion of the sale, the director owned 43,239 shares of the company's stock, valued at $3,300,865.26. This trade represents a 25.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,095,000 shares of company stock worth $275,597,100. Insiders own 20.89% of the company's stock.

Wall Street Analysts Forecast Growth

ASTS has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of AST SpaceMobile in a report on Wednesday, April 15th. B. Riley Financial raised their price target on shares of AST SpaceMobile from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, May 12th. UBS Group cut their price target on shares of AST SpaceMobile from $85.00 to $80.00 and set a "neutral" rating for the company in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of AST SpaceMobile from a "sell" rating to a "strong sell" rating in a report on Wednesday, April 15th. Finally, Barclays raised their price target on shares of AST SpaceMobile from $60.00 to $65.00 and gave the stock an "underweight" rating in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $79.45.

Key AST SpaceMobile News

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

• Positive Sentiment: Reports that AT&T and Verizon are backing a $1.2 billion broadband bet in space technology highlight growing carrier support for AST SpaceMobile’s satellite-to-phone model, which could expand future revenue opportunities. AT&T, Verizon back $1.2B broadband bet in space tech leader
• Positive Sentiment: Orange announced new partnerships with AST SpaceMobile to expand direct-to-cell satellite services, including trials in Romania, adding another validation point for the company’s commercial rollout. Orange Satellite And Cyber Moves Add New Angles To Valuation Story
• Positive Sentiment: Technical coverage pointed to a bullish “buy” signal after ASTS cleared a key trendline, suggesting traders are still adding to the recent rally. Satellite Stock 'Buy' Signal Could Mean More Gains
• Neutral Sentiment: AST SpaceMobile presented at J.P. Morgan’s Global Technology, Media and Communications Conference, keeping investor attention on the company’s strategy and execution. AST SpaceMobile, Inc. (ASTS) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Neutral Sentiment: Analyst commentary noted rising satellite-based telecom demand and ASTS’s telecom partnerships, but did not add a fresh catalyst beyond the company’s existing growth narrative. Can Rising Satellite-Based Telecom Services Boost ASTS' Future Profit?
• Negative Sentiment: One valuation-focused article cautioned that ASTS’s strong recent share price run has pushed investors to reexamine whether the stock’s current momentum has already priced in a lot of future growth. A Look At AST SpaceMobile (ASTS) Valuation After Strong Recent Share Price Momentum

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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