AST SpaceMobile, Inc. $ASTS Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 3.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 532,163 shares of the company’s stock after purchasing an additional 18,971 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in AST SpaceMobile were worth $31,323,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Bank of America Corp DE raised its stake in AST SpaceMobile by 140.3% during the first quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock worth $136,259,000 after buying an additional 960,045 shares during the last quarter. First Trust Advisors LP boosted its position in AST SpaceMobile by 14.3% during the first quarter. First Trust Advisors LP now owns 1,316,852 shares of the company’s stock valued at $109,128,000 after acquiring an additional 164,303 shares during the last quarter. Tidal Investments LLC boosted its position in AST SpaceMobile by 9,876.8% during the second quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock valued at $93,220,000 after acquiring an additional 1,038,546 shares during the last quarter. Tema ETFs LLC grew its holdings in AST SpaceMobile by 109,486.8% during the 2nd quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock worth $89,199,000 after acquiring an additional 1,002,899 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in AST SpaceMobile by 21.5% during the 1st quarter. Bank of New York Mellon Corp now owns 837,559 shares of the company’s stock worth $69,409,000 after acquiring an additional 148,464 shares during the period. Institutional investors own 60.95% of the company’s stock.

Insiders Place Their Bets

In related news, Director Adriana Cisneros purchased 10,822 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was purchased at an average cost of $57.22 per share, with a total value of $619,234.84. Following the completion of the purchase, the director owned 797,023 shares in the company, valued at approximately $45,605,656.06. This trade represents a 1.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction dated 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 transaction, 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. Corporate insiders own 20.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Berenberg Bank assumed coverage on AST SpaceMobile in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 price objective for the company. Piper Sandler downgraded AST SpaceMobile from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $98.00 to $54.00 in a research note on Tuesday, October 13th. Scotiabank upgraded AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $50.80 to $55.70 in a research report on Friday, October 23rd. William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research report on Monday, October 5th. Finally, UBS Group assumed coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating for the company. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, AST SpaceMobile has an average rating of “Hold” and an average target price of $80.67.

Trending Headlines about AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile said it will support a contractor on a U.S. Space Force project advancing space-based sensing technology. The award adds a government-program opportunity, though the announcement did not disclose its value. AST SpaceMobile awarded U.S. Space Force contract
• Positive Sentiment: Recent reports also highlighted Chile’s authorization for AST’s local unit to provide nationwide mobile satellite services under a 30-year concession, and a successful AT&T test of handoffs between cellular towers and satellites. Both developments support the company’s commercial rollout ambitions. Chile clears AST SpaceMobile for nationwide satellite service ASTS handoff test with AT&T
• Neutral Sentiment: ASTS faces a Q3 earnings test, with one report citing expectations for strong year-over-year revenue growth. Options-market activity points to expectations of a potentially large share move, but neither growth forecasts nor options positioning indicate whether results will beat expectations. AST SpaceMobile faces earnings test Options traders expect a large move in ASTS
• Negative Sentiment: Multiple law firms publicized a filed securities class action involving investors who bought ASTS shares from March 4, 2025, through July 15, 2026. The complaint reportedly alleges misleading statements about the company’s competitive position, user adoption and capital position. The November 13 lead-plaintiff deadline and resulting legal and reputational uncertainty may weigh on sentiment. ASTS shareholder alert and lawsuit allegations
• Negative Sentiment: AST SpaceMobile also moved lower alongside other space stocks in a market report describing sector-wide weakness. That suggests broader risk aversion may be adding pressure beyond company-specific news. Space stocks fall amid broader sector pressure

AST SpaceMobile Stock Performance

Shares of ASTS stock opened at $30.20 on Friday. The firm has a 50 day moving average of $52.75 and a 200-day moving average of $76.41. The company has a market cap of $11.75 billion, a price-to-earnings ratio of -14.11 and a beta of 2.88. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24. AST SpaceMobile, Inc. has a 52 week low of $28.98 and a 52 week high of $133.86.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The company had revenue of $31.52 million for the quarter, compared to analyst estimates of $34.53 million. During the same quarter in the previous year, the firm earned ($0.41) EPS. On average, equities analysts forecast that AST SpaceMobile, Inc. will post -1.91 earnings per share for the current year.

AST SpaceMobile Profile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.