AST SpaceMobile, Inc. $ASTS Shares Acquired by Brookstone Capital Management

Brookstone Capital Management lifted its position in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 202.5% in the 1st quarter, HoldingsChannel reports. The firm owned 10,636 shares of the company’s stock after purchasing an additional 7,120 shares during the quarter. Brookstone Capital Management’s holdings in AST SpaceMobile were worth $881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in AST SpaceMobile by 11.8% in the first quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock valued at $786,000 after buying an additional 3,642 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AST SpaceMobile by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock valued at $1,814,000 after acquiring an additional 3,515 shares during the period. Millennium Management LLC lifted its stake in AST SpaceMobile by 16.1% during the 1st quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock valued at $10,634,000 after acquiring an additional 64,989 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of AST SpaceMobile by 18.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company’s stock valued at $7,405,000 after acquiring an additional 49,811 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of AST SpaceMobile in the 1st quarter valued at $168,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Transactions at AST SpaceMobile

In other news, Director Julio A. Torres sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the completion of the sale, the director owned 43,239 shares of the company’s stock, valued at $3,300,865.26. This represents a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $96.37, for a total transaction of $3,854,800.00. Following the sale, the chief technology officer directly owned 34,750 shares of the company’s stock, valued at approximately $3,348,857.50. This represents a 53.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,145,809 shares of company stock worth $280,645,292. Company insiders own 20.89% of the company’s stock.

AST SpaceMobile Stock Up 9.1%

ASTS opened at $71.57 on Friday. The company has a market cap of $27.78 billion, a PE ratio of -40.21 and a beta of 2.70. AST SpaceMobile, Inc. has a twelve month low of $36.08 and a twelve month high of $133.86. The company has a 50-day moving average price of $87.18 and a 200 day moving average price of $89.13. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The firm had revenue of $14.73 million during the quarter, compared to analyst estimates of $39.01 million. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. The company’s quarterly revenue was up 1952.2% on a year-over-year basis. Sell-side analysts expect that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current fiscal year.

Key AST SpaceMobile News

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

• Positive Sentiment: Space stocks are catching a bid, and ASTS is rising with the group as investors speculate that capital may be rotating toward non-SpaceX space names. Virgin Galactic Rises 13%, AST SpaceMobile Jumps 9%, Rocket Lab Climbs 5%: Is This a Re-Rotation Out of SpaceX?
• Positive Sentiment: Investors are encouraged by faster satellite launch execution, which could help ASTS advance its network rollout and improve confidence in its commercial timeline. Why Did AST SpaceMobile Stock Pop Today?
• Positive Sentiment: Vodafone-backed Europe rollout plans and Spain-related commercialization comments point to possible international revenue opportunities beginning in 2027. ASTS Stock Rises After-Hours: Vodafone-Backed Europe Rollout Hits Spain, 2027 Launch In View
• Neutral Sentiment: Some commentary remains mixed, noting that ASTS has already fallen sharply from its highs and continues to face concerns about insider selling, analyst downgrades, and capital needs. AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
• Negative Sentiment: Bearish valuation arguments are also weighing on sentiment, with some analysts saying the stock already prices in aggressive execution and a dominant market position despite ongoing cash burn. SpaceX valuation loses altitude as AI risks mount

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ASTS shares. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a report on Friday, May 29th. Barclays upped their price target on shares of AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, April 9th. Zacks Research upgraded AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. New Street Research set a $106.00 price objective on AST SpaceMobile in a research note on Friday, May 29th. Finally, B. Riley Financial boosted their price objective on AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, May 12th. One equities research analyst has 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.com, AST SpaceMobile currently has an average rating of “Reduce” and an average price target of $85.09.

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.