Key Points
- AST SpaceMobile CFO Andrew Martin Johnson sold 45,809 shares on June 11 at an average price of $93.81, for proceeds of about $4.3 million. After the transaction, he still held 503,619 shares, reducing his stake by 8.34%.
- The stock fell 15.5% and opened at $82.41, even as the company’s market cap remained near $31.98 billion. The move came amid broader weakness in space stocks and sentiment-driven pressure tied to SpaceX trading debut excitement.
- Recent earnings were weaker than expected, with AST SpaceMobile posting a loss of $0.66 per share versus estimates for a smaller loss and revenue of $14.74 million versus the $39.01 million consensus. Analysts remain mixed, with an average rating of “Reduce” and an average price target of $81.33.
AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) CFO Andrew Martin Johnson sold 45,809 shares of the company's stock in a transaction 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 owned 503,619 shares of the company's stock, valued at $47,244,498.39. This trade represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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 stock was sold at an average price of $90.25, for a total value of $451,250.00.
AST SpaceMobile Trading Down 15.5%
Shares of NASDAQ ASTS opened at $82.41 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37. The stock has a market capitalization of $31.98 billion, a P/E ratio of -46.30 and a beta of 2.70. AST SpaceMobile, Inc. has a 1-year low of $36.08 and a 1-year high of $133.86. The business has a fifty day moving average price of $90.42 and a 200 day moving average price of $87.92.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The business had revenue of $14.74 million during the quarter, compared to analysts' expectations of $39.01 million. During the same quarter last year, the business posted ($0.20) earnings per share. The company's quarterly revenue was up 1952.2% compared to the same quarter last year. Equities research analysts expect that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on ASTS shares. New Street Research set a $106.00 price target on AST SpaceMobile in a research note on Friday, May 29th. Weiss Ratings reiterated a "sell (d-)" rating on shares of AST SpaceMobile in a research note on Friday, March 27th. Roth Mkm reiterated a "buy" rating and issued a $108.00 price target on shares of AST SpaceMobile in a research note on Tuesday, May 12th. Wall Street Zen lowered AST SpaceMobile from a "sell" rating to a "strong sell" rating in a report on Wednesday, April 15th. Finally, William Blair restated a "market perform" rating on shares of AST SpaceMobile in a research note on Friday, May 29th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, AST SpaceMobile has an average rating of "Reduce" and an average target price of $81.33.
Read Our Latest Research Report on AST SpaceMobile
Institutional Trading of AST SpaceMobile
Hedge funds and other institutional investors have recently bought and sold shares of the stock. KPP Advisory Services LLC acquired a new stake in AST SpaceMobile during the fourth quarter worth about $1,649,000. M&T Bank Corp grew its holdings in AST SpaceMobile by 1,062.9% during the fourth quarter. M&T Bank Corp now owns 77,994 shares of the company's stock worth $5,665,000 after acquiring an additional 71,287 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in AST SpaceMobile during the fourth quarter worth about $2,290,000. Legal & General Group Plc grew its holdings in AST SpaceMobile by 26.2% during the fourth quarter. Legal & General Group Plc now owns 232,436 shares of the company's stock worth $16,882,000 after acquiring an additional 48,318 shares during the period. Finally, Norges Bank acquired a new stake in AST SpaceMobile during the fourth quarter worth about $198,270,000. 60.95% of the stock is owned by institutional investors and hedge funds.
Trending Headlines about AST SpaceMobile
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: Some commentary remains constructive on AST SpaceMobile’s long-term potential, highlighting its direct-to-smartphone satellite connectivity model, nearly 60 mobile network operator partners, and a large deployment pipeline that could support a move toward $150 by 2027. Prediction: Can AST SpaceMobile Soar to $150 by 2027?
- Positive Sentiment: Earlier in the week, ASTS also benefited from bullish sector momentum after BlueBird launch timing was confirmed for June 17, reinforcing the view that near-term catalysts still exist despite Friday’s pullback. AST SpaceMobile Stock Climbs Ahead of SpaceX IPO As BlueBird Launch Date Confirmed for June 17
- Neutral Sentiment: Analysts and market commentary are framing the move as largely sentiment-driven rather than based on fresh company-specific operating news, with SpaceX IPO excitement lifting and then pressuring comparable space stocks throughout the session. SpaceX, Tesla, EchoStar, and More Stocks That Explain Today’s Market
- Negative Sentiment: AST SpaceMobile shares are being hit in a broad space-sector reset, with one report describing the stock as down sharply alongside Virgin Galactic and Rocket Lab as investors reassess valuations after the SpaceX debut. Virgin Galactic Craters 24%, Rocket Lab Drops 8%, AST SpaceMobile Falls 10% as SpaceX Hype Triggers a Space-Stock Shakeout
- Negative Sentiment: Short-seller criticism of space stocks is adding pressure to ASTS by reinforcing concerns that many of the sector’s growth expectations are too speculative in the wake of SpaceX’s public trading debut. Space Stocks Get Torched: Short Seller Calls Them 'Sci-Fi Wishes'
AST SpaceMobile Company Profile
(
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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