Wellington Management Group LLP Sells 379,657 Shares of AST SpaceMobile, Inc. $ASTS

Wellington Management Group LLP decreased its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 52.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 350,707 shares of the company’s stock after selling 379,657 shares during the period. Wellington Management Group LLP’s holdings in AST SpaceMobile were worth $31,164,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC boosted its holdings in AST SpaceMobile by 11.8% in the first quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock worth $786,000 after purchasing an additional 3,642 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of AST SpaceMobile by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock worth $1,814,000 after buying an additional 3,515 shares during the period. Millennium Management LLC raised 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 worth $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 raised its position in shares of AST SpaceMobile by 18.1% during 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 purchasing an additional 49,811 shares during the period. Finally, Strs Ohio bought a new position in AST SpaceMobile in the 1st quarter worth $168,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Andrew Johnson sold 45,809 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $93.81, for a total value of $4,297,342.29. Following the sale, the chief financial officer owned 503,619 shares in the company, valued at approximately $47,244,498.39. The trade was a 8.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Adriana Cisneros bought 10,822 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were acquired at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the completion of the transaction, the director directly owned 797,023 shares in the company, valued at approximately $45,605,656.06. This represents a 1.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 20.89% of the company’s stock.

AST SpaceMobile Stock Up 0.3%

ASTS opened at $62.31 on Friday. The company has a market capitalization of $24.25 billion, a PE ratio of -29.12 and a beta of 2.74. The firm has a 50-day simple moving average of $67.01 and a two-hundred day simple moving average of $80.54. 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 $36.08 and a 52 week high of $133.86.

AST SpaceMobile (NASDAQ:ASTS) last issued its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.45). The firm had revenue of $31.52 million during the quarter, compared to the consensus estimate of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%.During the same period last year, the firm posted ($0.41) earnings per share. Analysts forecast that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ASTS. Roth Capital reiterated a “buy” rating and issued a $108.00 price target on shares of AST SpaceMobile in a research note on Tuesday, May 12th. UBS Group initiated coverage on AST SpaceMobile in a research report on Wednesday. They set a “buy” rating for the company. Scotiabank raised AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 target price on the stock in a research note on Wednesday, July 29th. Berenberg Bank started coverage on AST SpaceMobile in a report on Wednesday. They issued a “buy” rating and a $92.00 price target on the stock. Finally, William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, AST SpaceMobile has an average rating of “Hold” and a consensus price target of $86.58.

More AST SpaceMobile News

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

• Positive Sentiment: Berenberg initiated coverage with a Buy rating and a $92 price target, implying substantial upside from recent levels. The firm’s bullish view helped drive a sharp rebound in ASTS and reflects confidence in the company’s direct-to-smartphone satellite network and long-term commercial opportunity. AST SpaceMobile Stock Soared 12%—This Was the Catalyst
• Positive Sentiment: Insider buying and additional commentary pointing to significant analyst upside have reinforced the bullish case. AST SpaceMobile’s planned network could connect ordinary smartphones directly to satellites without specialized hardware, offering a potentially large addressable market. AST SpaceMobile Trading Up Following Insider Buying Activity
• Positive Sentiment: The broader space-stock sector is receiving increased investor attention after a major NASA contract awarded to Blue Origin. Berenberg’s positive coverage of AST SpaceMobile and other space companies may improve sentiment toward the commercial space industry. Defying Gravity: Space Stocks Reach Escape Velocity
• Neutral Sentiment: Investors are comparing AST SpaceMobile’s developing direct-to-device cellular network with SpaceX’s more established launch business and Starlink broadband service. The comparison highlights ASTS’s potentially differentiated technology, but also its earlier stage and higher execution risk. AST SpaceMobile vs. Space Exploration Technologies
• Negative Sentiment: AST SpaceMobile delayed its target for having 45 BlueBird satellites in orbit from late 2026 to early 2027. The postponement could delay commercial service and the company’s ambitious revenue objectives, despite analysts viewing the milestone as achievable. AST SpaceMobile Moved Its Commercial Launch Target to 2027
• Negative Sentiment: A securities law firm is investigating potential violations on behalf of investors who suffered losses. While the notice does not establish wrongdoing, it adds headline and litigation risk. Investors also remain concerned about cash burn, potential dilution, regulatory hurdles, and ASTS’s previous earnings shortfall. AST SpaceMobile Investigation Alert

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.