AST SpaceMobile, Inc. (NASDAQ:ASTS) Shares Purchased by Nebula Research & Development LLC

Nebula Research & Development LLC raised its position in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 73.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,127 shares of the company's stock after purchasing an additional 22,518 shares during the quarter. Nebula Research & Development LLC's holdings in AST SpaceMobile were worth $1,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Xponance Inc. lifted its position in AST SpaceMobile by 8.7% in the fourth quarter. Xponance Inc. now owns 9,676 shares of the company's stock valued at $204,000 after buying an additional 772 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in AST SpaceMobile by 106.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,372 shares of the company's stock valued at $53,000 after purchasing an additional 1,222 shares during the last quarter. Americana Partners LLC lifted its stake in AST SpaceMobile by 5.2% during the fourth quarter. Americana Partners LLC now owns 27,047 shares of the company's stock worth $571,000 after purchasing an additional 1,326 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of AST SpaceMobile by 16.7% in the fourth quarter. Axxcess Wealth Management LLC now owns 10,562 shares of the company's stock valued at $223,000 after buying an additional 1,508 shares in the last quarter. Finally, Colonial River Investments LLC raised its holdings in shares of AST SpaceMobile by 17.3% in the 4th quarter. Colonial River Investments LLC now owns 10,618 shares of the company's stock valued at $224,000 after buying an additional 1,564 shares during the period. Institutional investors and hedge funds own 60.95% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Scotiabank reiterated an "outperform" rating on shares of AST SpaceMobile in a research note on Wednesday, March 5th. Roth Capital initiated coverage on AST SpaceMobile in a research note on Thursday, April 10th. They issued a "buy" rating and a $42.00 price objective on the stock. UBS Group upped their price target on AST SpaceMobile from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $30.00 price objective on shares of AST SpaceMobile in a research report on Tuesday, March 4th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, AST SpaceMobile has an average rating of "Buy" and a consensus target price of $42.82.

Insider Buying and Selling

In other AST SpaceMobile news, Director Julio A. Torres sold 20,000 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.73, for a total transaction of $614,600.00. Following the transaction, the director now owns 52,628 shares of the company's stock, valued at approximately $1,617,258.44. This trade represents a 27.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 41.80% of the stock is owned by company insiders.

AST SpaceMobile Stock Up 17.4 %

AST SpaceMobile stock traded up $4.01 during mid-day trading on Friday, hitting $27.03. The company had a trading volume of 15,784,075 shares, compared to its average volume of 10,918,246. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of -12.74 and a beta of 1.81. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31. AST SpaceMobile, Inc. has a 1 year low of $2.12 and a 1 year high of $39.08. The business has a fifty day moving average of $25.04 and a 200 day moving average of $24.58.

AST SpaceMobile Company Profile

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