10,188 Shares in AST SpaceMobile, Inc. (NASDAQ:ASTS) Acquired by First Heartland Consultants Inc.

First Heartland Consultants Inc. purchased a new position in AST SpaceMobile, Inc. (NASDAQ:ASTS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,188 shares of the company’s stock, valued at approximately $266,000.

Several other large investors have also recently added to or reduced their stakes in ASTS. Vanguard Group Inc. increased its position in AST SpaceMobile by 49.9% in the 1st quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company’s stock valued at $19,325,000 after acquiring an additional 2,217,531 shares during the period. American International Group Inc. increased its position in AST SpaceMobile by 41.5% in the 1st quarter. American International Group Inc. now owns 56,527 shares of the company’s stock valued at $164,000 after acquiring an additional 16,568 shares during the period. Natixis increased its position in AST SpaceMobile by 62.2% in the 1st quarter. Natixis now owns 55,863 shares of the company’s stock valued at $162,000 after acquiring an additional 21,430 shares during the period. Price T Rowe Associates Inc. MD increased its position in AST SpaceMobile by 71.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 55,335 shares of the company’s stock valued at $161,000 after acquiring an additional 22,987 shares during the period. Finally, Masters Capital Management LLC acquired a new stake in AST SpaceMobile in the 1st quarter valued at approximately $2,900,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AST SpaceMobile

In related news, Director Adriana Cisneros bought 4,934 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $26.32 per share, with a total value of $129,862.88. Following the completion of the transaction, the director now directly owns 774,772 shares of the company’s stock, valued at approximately $20,391,999.04. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Adriana Cisneros bought 4,934 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $26.32 per share, with a total value of $129,862.88. Following the completion of the transaction, the director now directly owns 774,772 shares of the company’s stock, valued at approximately $20,391,999.04. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Shanti B. Gupta sold 80,000 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $25.83, for a total value of $2,066,400.00. Following the sale, the chief operating officer now directly owns 393,232 shares in the company, valued at $10,157,182.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 127,700 shares of company stock valued at $3,220,524 over the last three months. Company insiders own 41.80% of the company’s stock.

AST SpaceMobile Stock Up 15.0 %

Shares of AST SpaceMobile stock opened at $27.89 on Thursday. The stock’s fifty day moving average is $25.70 and its 200-day moving average is $18.08. The firm has a market capitalization of $7.51 billion, a PE ratio of -22.31 and a beta of 1.64. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.83. AST SpaceMobile, Inc. has a 12-month low of $1.97 and a 12-month high of $39.08.

AST SpaceMobile (NASDAQ:ASTS) last announced its earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The company had revenue of $0.90 million for the quarter, compared to analyst estimates of $2.00 million. Equities analysts anticipate that AST SpaceMobile, Inc. will post -0.88 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on AST SpaceMobile from $13.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. B. Riley lifted their price target on AST SpaceMobile from $26.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lifted their price target on AST SpaceMobile from $22.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Scotiabank lifted their price target on AST SpaceMobile from $28.00 to $45.90 and gave the company a “sector outperform” rating in a research report on Monday, August 26th.

About AST SpaceMobile

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.