Universal Beteiligungs und Servicegesellschaft mbH Has $2.25 Million Stock Holdings in AST SpaceMobile, Inc. $ASTS

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in AST SpaceMobile by 71.5%, selling 77,167 shares in Q4 and retaining 30,821 shares worth $2.249 million.
• Major insider selling: shareholder Hiroshi Mikitani sold 1,350,000 shares at an average of $86.22 (~$116.4 million) and insiders have sold 3,080,000 shares (~$274.45 million) in the last 90 days, while owning 30.90% of the company.
• ASTS missed quarterly EPS (($0.26) vs. estimate ($0.18)) despite revenue surging 2,731.3% to $54.31 million; the stock has a market cap of $27.08 billion and a consensus analyst rating of “Reduce” with a target of $82.51.

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 71.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,821 shares of the company's stock after selling 77,167 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in AST SpaceMobile were worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of AST SpaceMobile by 13.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,429 shares of the company's stock worth $3,300,000 after acquiring an additional 5,423 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of AST SpaceMobile in the fourth quarter worth $44,000. Moran Wealth Management LLC increased its stake in shares of AST SpaceMobile by 9.4% in the fourth quarter. Moran Wealth Management LLC now owns 75,039 shares of the company's stock worth $5,450,000 after acquiring an additional 6,432 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of AST SpaceMobile in the fourth quarter worth $86,000. Finally, Parcion Private Wealth LLC acquired a new position in shares of AST SpaceMobile in the fourth quarter worth $257,000. 60.95% of the stock is owned by institutional investors and hedge funds.

AST SpaceMobile Stock Down 4.1%

ASTS stock opened at $70.89 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 16.35 and a quick ratio of 16.27. AST SpaceMobile, Inc. has a 52-week low of $22.47 and a 52-week high of $129.89. The company has a 50-day moving average of $86.85 and a two-hundred day moving average of $83.49. The stock has a market capitalization of $27.08 billion, a price-to-earnings ratio of -53.70 and a beta of 2.61.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.08). AST SpaceMobile had a negative net margin of 482.16% and a negative return on equity of 23.02%. The firm had revenue of $54.31 million for the quarter, compared to the consensus estimate of $39.53 million. The business's revenue for the quarter was up 2731.3% compared to the same quarter last year. As a group, equities research analysts anticipate that AST SpaceMobile, Inc. will post -0.99 EPS for the current year.

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, major shareholder Hiroshi Mikitani sold 1,350,000 shares of the company's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $86.22, for a total transaction of $116,397,000.00. Following the completion of the sale, the insider directly owned 27,980,155 shares in the company, valued at $2,412,448,964.10. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the company's stock in a transaction dated 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 sale, the chief technology officer owned 4,750 shares of the company's stock, valued at $422,180. This trade represents a 89.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,080,000 shares of company stock valued at $274,452,000 over the last 90 days. Corporate insiders own 30.90% of the company's stock.

Wall Street Analyst Weigh In

ASTS has been the topic of a number of research reports. Zacks Research raised shares of AST SpaceMobile from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 4th. Scotiabank cut shares of AST SpaceMobile from a "sector perform" rating to a "sector underperform" rating and set a $45.60 price objective for the company. in a report on Wednesday, January 7th. UBS Group upped their price objective on shares of AST SpaceMobile from $43.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of AST SpaceMobile in a report on Wednesday, April 15th. Finally, New Street Research set a $115.00 price objective on shares of AST SpaceMobile in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $82.51.

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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