Insider Selling: AST SpaceMobile (NASDAQ:ASTS) President Sells $3,280,482.56 in Stock

AST SpaceMobile, Inc. (NASDAQ:ASTS) President Scott Wisniewski sold 25,904 shares of AST SpaceMobile stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $126.64, for a total value of $3,280,482.56. Following the transaction, the president directly owned 745,973 shares in the company, valued at approximately $94,470,020.72. The trade was a 3.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AST SpaceMobile Trading Down 14.8%

NASDAQ ASTS opened at $113.41 on Friday. The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $88.06 and a 200 day simple moving average of $85.25. AST SpaceMobile, Inc. has a 12 month low of $22.47 and a 12 month high of $133.86. The firm has a market capitalization of $44.02 billion, a P/E ratio of -63.71 and a beta of 2.60.

AST SpaceMobile (NASDAQ:ASTS) last posted its earnings results 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). The firm had revenue of $14.74 million during the quarter, compared to the consensus estimate of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The business’s revenue was up 1952.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.20) EPS. On average, analysts predict that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

Analyst Ratings Changes

ASTS has been the subject of several recent analyst reports. New Street Research set a $106.00 target price on AST SpaceMobile in a report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Friday, March 27th. UBS Group reduced their price objective on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen lowered AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Finally, Zacks Research upgraded AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $81.33.

Key Stories Impacting AST SpaceMobile

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

• Negative Sentiment: Blue Origin’s New Glenn rocket explosion raised concerns that AST SpaceMobile’s launch schedule could be delayed, which is weighing on sentiment around its 2026 satellite deployment plans. Blue Origin Blast Sends AST SpaceMobile Down 18.5%
• Negative Sentiment: Deutsche Bank downgraded ASTS from Buy to Hold and trimmed its price target, signaling reduced near-term upside after the stock’s sharp run-up. Blue Origin Blast Sends AST SpaceMobile Down 18.5%
• Negative Sentiment: Multiple reports said the rocket failure could disrupt satellite launches and delay AST SpaceMobile’s BlueBird rollout, adding execution risk to an already richly valued stock. AST SpaceMobile Shares Sink After Blue Origin Rocket Explosion
• Negative Sentiment: AST SpaceMobile was also hit by insider-selling news after President Scott Wisniewski sold about $3.3 million of stock, which can add to investor caution even if the sale was relatively small versus his remaining holdings. Insider Selling: AST SpaceMobile (NASDAQ:ASTS) President Sells 25,904 Shares of Stock
• Neutral Sentiment: Bullish commentary continues to emphasize ASTS’s direct-to-smartphone satellite technology, strong cash position, and carrier partnerships, but these longer-term positives are being overshadowed today by launch and valuation concerns. AST SpaceMobile’s Next Chapter Changes Everything

Institutional Investors Weigh In On AST SpaceMobile

Hedge funds have recently modified their holdings of the stock. REAP Financial Group LLC purchased a new position in shares of AST SpaceMobile during the 3rd quarter valued at $25,000. Crewe Advisors LLC purchased a new stake in AST SpaceMobile in the 4th quarter worth about $25,000. Laurel Wealth Advisors LLC purchased a new stake in AST SpaceMobile in the 4th quarter worth about $25,000. Cornerstone Planning Group LLC boosted its position in 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 purchasing an additional 327 shares during the period. Finally, Byrne Asset Management LLC purchased a new position in shares of AST SpaceMobile in the fourth quarter worth about $29,000. Institutional investors own 60.95% of the company’s stock.

About AST SpaceMobile

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.