AST SpaceMobile (NASDAQ:ASTS) CFO Andrew Martin Johnson Sells 45,809 Shares of Stock

by · The Cerbat Gem

AST SpaceMobile, Inc. (NASDAQ:ASTSGet Free Report) CFO Andrew Martin Johnson sold 45,809 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 503,619 shares in the company, valued at approximately $47,244,498.39. This represents a 8.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Andrew Martin Johnson also recently made the following trade(s):

  • On Wednesday, May 20th, Andrew Martin Johnson sold 5,000 shares of AST SpaceMobile stock. The shares were sold at an average price of $90.25, for a total value of $451,250.00.

AST SpaceMobile Stock Performance

NASDAQ ASTS opened at $82.41 on Friday. The company has a market cap of $31.98 billion, a P/E ratio of -46.30 and a beta of 2.70. 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 business’s 50 day moving average price is $90.42 and its 200-day moving average price is $87.92. AST SpaceMobile, Inc. has a fifty-two week low of $36.08 and a fifty-two week high of $133.86.

AST SpaceMobile (NASDAQ:ASTSGet Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.43). The business had revenue of $14.74 million during the quarter, compared to the consensus estimate of $39.01 million. AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The business’s revenue was up 1952.2% compared to the same quarter last year. During the same period last year, the company earned ($0.20) EPS. Sell-side analysts predict that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current year.

Institutional Investors Weigh In On AST SpaceMobile

Several hedge funds have recently made changes to their positions in ASTS. AQR Capital Management LLC lifted its holdings in shares of AST SpaceMobile by 11.8% in the 1st quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock worth $786,000 after buying an additional 3,642 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of AST SpaceMobile by 4.6% in the 1st 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 lifted its holdings in shares of AST SpaceMobile by 16.1% in the 1st quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock worth $10,634,000 after buying an additional 64,989 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of AST SpaceMobile by 18.1% in 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 worth $7,405,000 after buying an additional 49,811 shares during the period. Finally, Strs Ohio purchased a new stake in shares of AST SpaceMobile in the 1st quarter worth $168,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ASTS has been the topic of several research analyst reports. B. Riley Financial upped their price objective on AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Wall Street Zen downgraded AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. UBS Group cut their price objective on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 12th. Barclays upped their price objective on AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft downgraded AST SpaceMobile from a “buy” rating to a “hold” rating and cut their price objective for the company from $117.00 to $106.00 in a research report on Friday, May 29th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, AST SpaceMobile has an average rating of “Reduce” and an average target price of $81.33.

View Our Latest Stock Analysis on ASTS

AST SpaceMobile News Roundup

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

About AST SpaceMobile

(Get Free Report)

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.

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