AST SpaceMobile, Inc. (NASDAQ:ASTS) Shares Sold by Barclays PLC

Barclays PLC reduced its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 99.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,208 shares of the company's stock after selling 2,088,470 shares during the quarter. Barclays PLC's holdings in AST SpaceMobile were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates acquired a new stake in shares of AST SpaceMobile in the first quarter valued at approximately $102,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of AST SpaceMobile in the first quarter valued at approximately $358,000. HighTower Advisors LLC lifted its stake in shares of AST SpaceMobile by 97.9% during the first quarter. HighTower Advisors LLC now owns 22,135 shares of the company's stock valued at $221,000 after buying an additional 10,950 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of AST SpaceMobile by 14.8% during the first quarter. PNC Financial Services Group Inc. now owns 48,519 shares of the company's stock valued at $485,000 after buying an additional 6,246 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in shares of AST SpaceMobile by 18.8% during the first quarter. Penserra Capital Management LLC now owns 151,139 shares of the company's stock valued at $1,507,000 after buying an additional 23,910 shares during the period. 54.53% of the stock is currently owned by institutional investors and hedge funds.

AST SpaceMobile Price Performance

NASDAQ ASTS opened at $3.12 on Tuesday. The company has a quick ratio of 6.06, a current ratio of 6.06 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $681.15 million, a PE ratio of -3.71 and a beta of 0.88. The company has a 50 day moving average price of $3.80 and a two-hundred day moving average price of $4.01. AST SpaceMobile, Inc. has a 12-month low of $2.59 and a 12-month high of $7.14.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft cut their price target on shares of AST SpaceMobile from $32.00 to $23.00 and set a "buy" rating on the stock in a research note on Tuesday, November 21st.

AST SpaceMobile Profile

AST SpaceMobile, Inc, together with its subsidiaries, operates space-based cellular broadband network for mobile phones in the United States. Its SpaceMobile service provides mobile broadband services to end-users who are out of terrestrial cellular coverage. AST SpaceMobile, Inc was founded in 2017 and is based in Midland, Texas.

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