World Equity Group Inc. Sells 13,273 Shares of AST SpaceMobile, Inc. $ASTS

World Equity Group Inc. decreased its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) by 79.1% in the second quarter, Holdings Channel reports. The fund owned 3,497 shares of the company’s stock after selling 13,273 shares during the period. World Equity Group Inc.’s holdings in AST SpaceMobile were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Calton & Associates Inc. grew its position in shares of AST SpaceMobile by 0.8% in the fourth quarter. Calton & Associates Inc. now owns 13,579 shares of the company’s stock valued at $986,000 after purchasing an additional 104 shares during the last quarter. Investmark Advisory Group LLC increased its stake in shares of AST SpaceMobile by 2.7% in the fourth quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company’s stock worth $337,000 after purchasing an additional 120 shares during the period. Atlantic Union Bankshares Corp lifted its position in shares of AST SpaceMobile by 18.2% during the 4th quarter. Atlantic Union Bankshares Corp now owns 923 shares of the company’s stock worth $67,000 after purchasing an additional 142 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. Finally, Capital Advisors Ltd. LLC boosted its stake in AST SpaceMobile by 6.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,638 shares of the company’s stock valued at $219,000 after purchasing an additional 164 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $96.37, for a total value of $3,854,800.00. Following the completion of the sale, the chief technology officer owned 34,750 shares in the company, valued at approximately $3,348,857.50. This trade represents a 53.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew Martin Johnson sold 45,809 shares of AST SpaceMobile stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $93.81, for a total value of $4,297,342.29. Following the sale, the chief financial officer directly owned 503,619 shares in the company, valued at $47,244,498.39. The trade was a 8.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 90,809 shares of company stock valued at $8,603,392 in the last quarter. Corporate insiders own 20.89% of the company’s stock.

AST SpaceMobile Stock Up 4.2%

Shares of ASTS opened at $71.63 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 18.37 and a current ratio of 18.47. The company has a 50-day simple moving average of $74.29 and a 200-day simple moving average of $85.47. AST SpaceMobile, Inc. has a 52 week low of $36.08 and a 52 week high of $133.86. The firm has a market capitalization of $27.80 billion, a P/E ratio of -33.47 and a beta of 2.75.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). AST SpaceMobile had a negative return on equity of 23.32% and a negative net margin of 536.66%.The firm had revenue of $31.52 million for the quarter, compared to analyst estimates of $34.53 million. During the same period last year, the business earned ($0.41) earnings per share. On average, equities research analysts expect that AST SpaceMobile, Inc. will post -1.38 earnings per share for the current year.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: Management reaffirmed 2026 revenue guidance of $150 million to $200 million, roughly consistent with Wall Street expectations. The company also said it is targeting approximately 45 BlueBird satellites in orbit by early 2027, supporting a planned beta service rollout. ASTS Q2 Earnings Call Puts Beta Rollout and Government Growth in Focus
• Positive Sentiment: AST SpaceMobile highlighted a revenue backlog of approximately $1.2 billion to $1.3 billion, more than 60 mobile-network-operator relationships, a $1 billion government-related award, and continued satellite production and launches. These developments strengthen the longer-term revenue opportunity despite service revenue not yet beginning. AST SpaceMobile Posts Q2 Misses, Backlog Grows to $1.3 Billion
• Positive Sentiment: Analyst sentiment remained supportive. Cantor Fitzgerald raised its price target to $90 from $80 while maintaining an overweight rating, and Piper Sandler retained overweight with a $98 target despite trimming it from $100. AST SpaceMobile Price Target Raised at Cantor Fitzgerald
• Neutral Sentiment: Technical and sector momentum provided additional support: ASTS held firm after earnings while space-related stocks, including Voyager Technologies, attracted investor interest. However, the stock remains highly volatile and below its 50-day and 200-day moving averages.
• Negative Sentiment: Second-quarter results missed estimates for the sixth consecutive quarter. Revenue was $31.5 million versus roughly $35 million expected, while the adjusted loss was $0.77 per share versus estimates near $0.26-$0.32. Higher capital spending and operating costs drove the wider loss, underscoring substantial cash-burn and execution risks. AST SpaceMobile Second Quarter Earnings Fall Short of Estimates

Analysts Set New Price Targets

ASTS has been the topic of a number of research analyst reports. New Street Research set a $106.00 target price on AST SpaceMobile in a report on Friday, May 29th. UBS Group cut their price target on AST SpaceMobile from $80.00 to $78.00 and set a “neutral” rating for the company in a report on Tuesday. B. Riley Financial raised AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Friday, July 17th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Wednesday, June 24th. Finally, Cantor Fitzgerald raised their price objective on shares of AST SpaceMobile from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $87.42.

AST SpaceMobile Company 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.