Nebula Research & Development LLC Grows Stock Holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Nebula Research & Development LLC grew its position in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 73.6% in the 4th quarter, according to the company in its most recent Form 13F 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 period. Nebula Research & Development LLC's holdings in AST SpaceMobile were worth $1,121,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of AST SpaceMobile by 49.4% during the 4th quarter. Vanguard Group Inc. now owns 14,987,351 shares of the company's stock worth $316,233,000 after buying an additional 4,955,941 shares in the last quarter. Geode Capital Management LLC grew its stake in AST SpaceMobile by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 3,496,825 shares of the company's stock valued at $73,801,000 after purchasing an additional 229,759 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in shares of AST SpaceMobile in the 4th quarter worth about $59,523,000. Charles Schwab Investment Management Inc. boosted its stake in AST SpaceMobile by 11.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,266,713 shares of the company's stock valued at $26,728,000 after acquiring an additional 135,008 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of AST SpaceMobile by 0.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 854,063 shares of the company's stock worth $18,021,000 after purchasing an additional 7,991 shares during the period. 60.95% of the stock is owned by institutional investors.

Insider Activity at AST SpaceMobile

In other news, Director Julio A. Torres sold 20,000 shares of AST SpaceMobile 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 completion of the sale, the director now owns 52,628 shares in the company, valued at approximately $1,617,258.44. This trade represents a 27.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 41.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group increased their price target on AST SpaceMobile from $31.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Roth Capital assumed coverage on shares of AST SpaceMobile in a research note on Thursday, April 10th. They issued a "buy" rating and a $42.00 target price for the company. Scotiabank restated an "outperform" rating on shares of AST SpaceMobile in a research note on Wednesday, March 5th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $30.00 price objective on shares of AST SpaceMobile in a research note on Tuesday, March 4th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $42.82.

AST SpaceMobile Price Performance

NASDAQ:ASTS traded down $0.69 during trading hours on Wednesday, hitting $23.21. The stock had a trading volume of 5,412,960 shares, compared to its average volume of 12,499,175. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of -10.95 and a beta of 1.81. AST SpaceMobile, Inc. has a one year low of $2.12 and a one year high of $39.08. The company has a 50 day simple moving average of $25.26 and a two-hundred day simple moving average of $24.60. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80.

AST SpaceMobile 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.