AST SpaceMobile, Inc. (NASDAQ:ASTS) Shares Bought by Lbp Am Sa

Lbp Am Sa grew its position in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 46.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,628 shares of the company’s stock after buying an additional 6,251 shares during the quarter. Lbp Am Sa’s holdings in AST SpaceMobile were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ASTS. Golden State Wealth Management LLC purchased a new position in AST SpaceMobile in the 4th quarter valued at approximately $46,000. AlphaQuest LLC purchased a new position in shares of AST SpaceMobile in the 4th quarter valued at about $67,000. SRS Capital Advisors Inc. lifted its stake in AST SpaceMobile by 554.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,482 shares of the company’s stock worth $73,000 after acquiring an additional 2,950 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of AST SpaceMobile by 3,380.0% during the third quarter. Sunbelt Securities Inc. now owns 3,480 shares of the company’s stock worth $91,000 after purchasing an additional 3,380 shares in the last quarter. Finally, KBC Group NV acquired a new position in shares of AST SpaceMobile during the 3rd quarter worth about $104,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Stock Up 7.8 %

ASTS stock opened at $28.15 on Monday. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $25.53 and its 200 day moving average price is $25.26. AST SpaceMobile, Inc. has a 52 week low of $1.97 and a 52 week high of $39.08. The company has a market cap of $8.91 billion, a P/E ratio of -13.28 and a beta of 1.62.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. UBS Group increased their target price on shares of AST SpaceMobile from $31.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Scotiabank restated an “outperform” rating on shares of AST SpaceMobile in a research note on Wednesday, March 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $30.00 price objective on shares of AST SpaceMobile in a research report on Tuesday, March 4th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $42.98.

Insider Activity

In related news, Director Julio A. Torres sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.73, for a total value of $614,600.00. Following the completion of the transaction, the director now directly owns 52,628 shares of the company’s stock, valued at $1,617,258.44. This trade represents a 27.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 41.80% of the company’s stock.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.