17,336 Shares of AST SpaceMobile, Inc. $ASTS Bought by Sanders Morris Harris LLC

Sanders Morris Harris LLC bought a new position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) in the 3rd quarter, Holdings Channel reports. The fund bought 17,336 shares of the company’s stock, valued at approximately $1,020,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ASTS. Compass Financial Management LLC acquired a new stake in AST SpaceMobile during the second quarter worth approximately $26,000. Cornerstone Planning Group LLC lifted its holdings in shares of AST SpaceMobile by 16,350.0% during the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock worth $27,000 after buying an additional 327 shares in the last quarter. Grove Bank & Trust bought a new stake in shares of AST SpaceMobile in the second quarter valued at about $27,000. Continuum Advisory LLC bought a new stake in shares of AST SpaceMobile in the second quarter valued at about $28,000. Finally, Portus Wealth Advisors LLC bought a new stake in shares of AST SpaceMobile in the first quarter valued at about $30,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

More AST SpaceMobile News

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

• Positive Sentiment: Some analysts and market commentary argue that the selloff may be overdone. AST SpaceMobile remains focused on a satellite-to-smartphone network that works with ordinary mobile phones, and some views suggest it could retain a technology or execution lead over SpaceX for roughly six months. Why Wall Street says you should stop panicking and buy AST SpaceMobile stock
• Positive Sentiment: The company is pressing regulators ahead of the World Radiocommunication Conference to support satellite access to mobile spectrum bands. Potential access to Ligado spectrum could strengthen AST SpaceMobile’s network, although approvals and closing conditions remain outstanding. ASTS Stock Bounces Overnight: Vodafone Questions SpaceX’s Europe Push, AST Presses FCC On Spectrum
• Neutral Sentiment: Investors are awaiting milestones that could determine whether AST SpaceMobile’s large market opportunity translates into commercial service, including satellite launches, deployment timing, regulatory approvals and carrier execution. The company remains unprofitable and recently missed consensus estimates for both revenue and earnings.
• Negative Sentiment: Piper Sandler downgraded ASTS to Neutral and reduced its price target to $54, citing SpaceX’s expanding direct-to-cell ambitions. Analysts warned that SpaceX could delay AST SpaceMobile’s rollout and erode its competitive advantage. AST SpaceMobile Falls 8% as Piper Sandler Cuts Target to $54 on SpaceX Competition
• Negative Sentiment: Multiple law firms announced or promoted a securities class action alleging that AST SpaceMobile overstated its capital sufficiency and competitive position while raising roughly $3 billion through convertible notes, potentially diluting shareholders. The lead-plaintiff deadline is November 13, 2026. These are allegations, not established findings. AST SpaceMobile Class Action Announcement

Insider Buying and Selling

In related news, Director Adriana Cisneros acquired 10,822 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average price of $57.22 per share, with a total value of $619,234.84. Following the purchase, the director directly owned 797,023 shares in the company, valued at approximately $45,605,656.06. This trade represents a 1.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $58.93, for a total transaction of $2,357,200.00. Following the completion of the sale, the chief technology officer owned 34,750 shares in the company, valued at $2,047,817.50. This represents a 53.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Royal Bank Of Canada lowered shares of AST SpaceMobile to a “sector perform” rating in a research report on Friday, October 2nd. Berenberg Bank started coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 price target for the company. B. Riley Financial downgraded AST SpaceMobile from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $85.00 to $65.00 in a research report on Friday, October 2nd. Cantor Fitzgerald raised their price objective on AST SpaceMobile from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, AST SpaceMobile currently has an average rating of “Hold” and an average target price of $80.18.

AST SpaceMobile Price Performance

ASTS traded down $4.92 on Wednesday, hitting $42.14. 27,110,811 shares of the stock were exchanged, compared to its average volume of 16,775,984. AST SpaceMobile, Inc. has a 12 month low of $42.00 and a 12 month high of $133.86. The business has a 50-day moving average of $62.21 and a two-hundred day moving average of $74.99. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of -19.69 and a beta of 2.72.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.45). The firm had revenue of $31.52 million for the quarter, compared to analyst estimates of $34.53 million. AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. During the same quarter in the prior year, the firm earned ($0.41) earnings per share. Sell-side analysts forecast that AST SpaceMobile, Inc. will post -1.95 EPS for the current fiscal year.

About AST SpaceMobile

AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard mobile phones directly to satellites without requiring specialized satellite phones or equipment. The company’s objective is to extend mobile connectivity to areas that lack reliable terrestrial cellular coverage, including remote and underserved regions.

Its system is built around the planned SpaceMobile satellite constellation, including BlueBird satellites equipped with large communications arrays.