51,767 Shares in AST SpaceMobile, Inc. (NASDAQ:ASTS) Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP acquired a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) in the third quarter, Holdings Channel reports. The fund acquired 51,767 shares of the company’s stock, valued at approximately $1,354,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ASTS. Fairfield Financial Advisors LTD acquired a new stake in AST SpaceMobile in the 3rd quarter valued at $26,000. Hollencrest Capital Management bought a new stake in shares of AST SpaceMobile during the third quarter worth about $26,000. Rakuten Securities Inc. acquired a new stake in shares of AST SpaceMobile in the 3rd quarter worth about $68,000. KBC Group NV bought a new position in AST SpaceMobile in the 3rd quarter valued at about $104,000. Finally, Future Financial Wealth Managment LLC acquired a new position in AST SpaceMobile during the 3rd quarter valued at about $105,000. Institutional investors own 60.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ASTS shares. Scotiabank lowered their price objective on AST SpaceMobile from $45.90 to $44.70 and set a “sector outperform” rating for the company in a research note on Friday, November 15th. B. Riley increased 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. UBS Group lifted their price objective on shares of AST SpaceMobile from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of AST SpaceMobile from $22.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 4th.

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, COO Shanti B. Gupta sold 80,000 shares of the firm’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 completion of the sale, the chief operating officer now directly owns 393,232 shares of the company’s stock, valued at $10,157,182.56. This trade represents a 16.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Huiwen Yao sold 45,000 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $24.26, for a total value of $1,091,700.00. Following the transaction, the chief technology officer now directly owns 55,000 shares in the company, valued at $1,334,300. This represents a 45.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,700 shares of company stock worth $3,220,524 in the last ninety days. Company insiders own 41.80% of the company’s stock.

AST SpaceMobile Stock Performance

Shares of AST SpaceMobile stock opened at $24.21 on Tuesday. The business’s fifty day simple moving average is $25.26 and its 200 day simple moving average is $19.46. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.31. AST SpaceMobile, Inc. has a 12 month low of $1.97 and a 12 month high of $39.08. The firm has a market capitalization of $7.01 billion, a P/E ratio of -11.42 and a beta of 1.64.

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.