Pinkerton Wealth LLC Purchases Shares of 16,824 AST SpaceMobile, Inc. $ASTS

Pinkerton Wealth LLC purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 16,824 shares of the company’s stock, valued at approximately $1,222,000.

Several other institutional investors have also modified their holdings of the company. Rathbones Group PLC lifted its position in shares of AST SpaceMobile by 10.9% during the 4th quarter. Rathbones Group PLC now owns 11,812 shares of the company’s stock worth $858,000 after purchasing an additional 1,162 shares during the last quarter. IFP Advisors Inc lifted its position in shares of AST SpaceMobile by 13.6% during the 4th quarter. IFP Advisors Inc now owns 3,016 shares of the company’s stock worth $219,000 after purchasing an additional 362 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of AST SpaceMobile by 39.0% during the 4th quarter. Larson Financial Group LLC now owns 513 shares of the company’s stock worth $37,000 after purchasing an additional 144 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of AST SpaceMobile by 28.8% during the 4th quarter. Handelsbanken Fonder AB now owns 61,800 shares of the company’s stock worth $4,489,000 after purchasing an additional 13,800 shares during the last quarter. Finally, Frisch Financial Group Inc. purchased a new stake in shares of AST SpaceMobile during the 4th quarter worth $270,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

More AST SpaceMobile News

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

• Positive Sentiment: Reports that AT&T and Verizon are backing a $1.2 billion broadband bet in space technology highlight growing carrier support for AST SpaceMobile’s satellite-to-phone model, which could expand future revenue opportunities. AT&T, Verizon back $1.2B broadband bet in space tech leader
• Positive Sentiment: Orange announced new partnerships with AST SpaceMobile to expand direct-to-cell satellite services, including trials in Romania, adding another validation point for the company’s commercial rollout. Orange Satellite And Cyber Moves Add New Angles To Valuation Story
• Positive Sentiment: Technical coverage pointed to a bullish “buy” signal after ASTS cleared a key trendline, suggesting traders are still adding to the recent rally. Satellite Stock ‘Buy’ Signal Could Mean More Gains
• Neutral Sentiment: AST SpaceMobile presented at J.P. Morgan’s Global Technology, Media and Communications Conference, keeping investor attention on the company’s strategy and execution. AST SpaceMobile, Inc. (ASTS) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Neutral Sentiment: Analyst commentary noted rising satellite-based telecom demand and ASTS’s telecom partnerships, but did not add a fresh catalyst beyond the company’s existing growth narrative. Can Rising Satellite-Based Telecom Services Boost ASTS’ Future Profit?
• Negative Sentiment: One valuation-focused article cautioned that ASTS’s strong recent share price run has pushed investors to reexamine whether the stock’s current momentum has already priced in a lot of future growth. A Look At AST SpaceMobile (ASTS) Valuation After Strong Recent Share Price Momentum

Insider Activity at AST SpaceMobile

In related news, Director Julio A. Torres sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total value of $1,145,100.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hiroshi Mikitani sold 1,350,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,412,448,964.10. This trade represents a 4.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,095,000 shares of company stock valued at $275,597,100 over the last ninety days. Insiders own 20.89% of the company’s stock.

AST SpaceMobile Price Performance

Shares of ASTS opened at $89.58 on Thursday. AST SpaceMobile, Inc. has a 1-year low of $22.47 and a 1-year high of $129.89. The stock has a market cap of $34.22 billion, a PE ratio of -50.33 and a beta of 2.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37. The firm has a fifty day moving average price of $84.48 and a 200 day moving average price of $83.20.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The company had revenue of $14.74 million during the quarter, compared to analysts’ expectations of $39.01 million. During the same period last year, the firm earned ($0.20) earnings per share. AST SpaceMobile’s revenue was up 1952.2% on a year-over-year basis. As a group, sell-side analysts anticipate that AST SpaceMobile, Inc. will post -1.47 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. B. Riley Financial lifted their price objective on shares of AST SpaceMobile from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. UBS Group decreased their price objective on shares of AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of AST SpaceMobile in a research report on Wednesday, April 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $79.45.

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.