The Manufacturers Life Insurance Company Sells 38,822 Shares of AST SpaceMobile, Inc. $ASTS

Key Points

• The Manufacturers Life Insurance Company cut its AST SpaceMobile stake by 65.9% in the first quarter, selling 38,822 shares and retaining 20,119 shares valued at approximately $1.67 million.
• AST SpaceMobile insiders sold 105,809 shares worth roughly $9.75 million during the latest quarter, while institutional investors collectively own 60.95% of the company.
• The company’s latest quarter missed expectations, reporting a $0.77-per-share loss and $31.52 million in revenue versus estimates of a $0.32 loss and $34.98 million in revenue. Analysts maintain a consensus “Hold” rating with an average price target of $87.60.

The Manufacturers Life Insurance Company reduced its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 65.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 20,119 shares of the company's stock after selling 38,822 shares during the period. The Manufacturers Life Insurance Company's holdings in AST SpaceMobile were worth $1,667,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ASTS. Laurel Wealth Advisors LLC acquired a new stake in shares of AST SpaceMobile during the fourth quarter worth $25,000. Cornerstone Planning Group LLC boosted its stake in AST SpaceMobile by 16,350.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company's stock worth $27,000 after purchasing an additional 327 shares during the period. Acumen Wealth Advisors LLC acquired a new position in AST SpaceMobile in the 4th quarter worth $29,000. Harvest Fund Management Co. Ltd bought a new position in AST SpaceMobile during the 3rd quarter worth about $29,000. Finally, Portus Wealth Advisors LLC acquired a new stake in shares of AST SpaceMobile in the 1st quarter valued at about $30,000. Institutional investors own 60.95% of the company's stock.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, Director Julio A. Torres sold 15,000 shares of AST SpaceMobile stock in a transaction 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 transaction, the director directly owned 43,239 shares of the company's stock, valued at $3,300,865.26. The trade was a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew Martin Johnson sold 45,809 shares of the company's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the completion of the transaction, the chief financial officer owned 503,619 shares in the company, valued at approximately $47,244,498.39. This represents a 8.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 105,809 shares of company stock worth $9,748,492. Company insiders own 20.89% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. William Blair reaffirmed a "market perform" rating on shares of AST SpaceMobile in a research report on Friday, May 29th. B. Riley Financial raised AST SpaceMobile from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Friday, July 17th. Weiss Ratings restated a "sell (d-)" rating on shares of AST SpaceMobile in a research note on Wednesday, June 24th. Wall Street Zen downgraded AST SpaceMobile from a "sell" rating to a "strong sell" rating in a research report on Wednesday, April 15th. Finally, New Street Research set a $106.00 price target on shares of AST SpaceMobile in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $87.60.

AST SpaceMobile News Summary

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

• Positive Sentiment: AST SpaceMobile raised its 2026 revenue outlook to $150 million-$200 million, a range that brackets the roughly $167.8 million analyst consensus. The company also said its backlog grew to approximately $1.3 billion, supporting the long-term commercial opportunity for its direct-to-smartphone satellite service. AST SpaceMobile Raises Revenue Outlook as Satellite Network Expands
• Positive Sentiment: The company highlighted continued network development, including the successful deployment of BlueBird 11, 12 and 13 satellites and expanded testing and integration efforts with mobile operators in Europe. These milestones could broaden coverage and improve the path toward commercial service revenue. Can ASTS' Satellite Connectivity Rollout Across Europe Lift Shares?
• Neutral Sentiment: AST SpaceMobile is positioning its network for both commercial and government applications, with a partner-led strategy involving mobile network operators. Investor enthusiasm has also benefited from broader interest in space and satellite companies, although sector sentiment remains volatile. SpaceX and AST SpaceMobile Spark Fresh Momentum Across Space Group
• Negative Sentiment: Second-quarter adjusted results were materially weaker than expected: AST SpaceMobile reported a $0.77 per-share loss versus the anticipated $0.32 loss, while revenue of $31.52 million trailed the $34.98 million consensus. Reports attributed the loss in part to the BB7 incident, increasing concern about near-term execution and costs. AST SpaceMobile Posts Q2 Misses, Backlog Grows to $1.3 Billion
• Negative Sentiment: The earnings miss overshadowed the improved revenue outlook, and AST SpaceMobile continues to report substantial losses, including a negative net margin. The stock’s elevated valuation and high volatility make investors particularly sensitive to delays, satellite deployment costs and the timing of commercial revenue.

AST SpaceMobile Price Performance

Shares of NASDAQ ASTS opened at $68.76 on Tuesday. The business's 50 day moving average price is $75.22 and its two-hundred day moving average price is $85.69. The company has a market cap of $26.69 billion, a PE ratio of -38.63 and a beta of 2.76. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. 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 released its quarterly earnings data on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.45). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The business had revenue of $31.52 million during the quarter, compared to analyst estimates of $34.98 million. During the same period in the previous year, the business earned ($0.41) earnings per share. On average, analysts predict that AST SpaceMobile, Inc. will post -1.38 EPS for the current year.

AST SpaceMobile 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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