780,260 Shares of AST SpaceMobile, Inc. $ASTS Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 780,260 shares of the company’s stock, valued at approximately $45,926,000. Mirae Asset Global Investments Co. Ltd. owned about 0.20% of AST SpaceMobile as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ASTS. Bank of America Corp DE raised its stake in shares of AST SpaceMobile by 140.3% during the 1st quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock valued at $136,259,000 after buying an additional 960,045 shares during the last quarter. First Trust Advisors LP increased its holdings in AST SpaceMobile by 14.3% in the first quarter. First Trust Advisors LP now owns 1,316,852 shares of the company’s stock valued at $109,128,000 after buying an additional 164,303 shares in the last quarter. Tidal Investments LLC raised its position in shares of AST SpaceMobile by 9,876.8% in the second quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock worth $93,220,000 after acquiring an additional 1,038,546 shares during the period. Tema ETFs LLC raised its position in shares of AST SpaceMobile by 109,486.8% in the second quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock worth $89,199,000 after acquiring an additional 1,002,899 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of AST SpaceMobile by 21.5% in the first quarter. Bank of New York Mellon Corp now owns 837,559 shares of the company’s stock worth $69,409,000 after acquiring an additional 148,464 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Price Performance

Shares of AST SpaceMobile stock opened at $40.97 on Monday. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24. AST SpaceMobile, Inc. has a 52-week low of $36.72 and a 52-week high of $133.86. The company has a market capitalization of $15.94 billion, a P/E ratio of -19.14 and a beta of 2.88. The company has a 50 day moving average of $55.02 and a 200 day moving average of $77.74.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.45). The company had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. During the same quarter in the prior year, the firm posted ($0.41) EPS. As a group, research analysts forecast that AST SpaceMobile, Inc. will post -1.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ASTS shares. Piper Sandler downgraded AST SpaceMobile from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $98.00 to $54.00 in a research note on Tuesday, October 13th. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft raised shares of AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Monday, October 12th. Royal Bank Of Canada cut shares of AST SpaceMobile to a “sector perform” rating in a research report on Friday, October 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, September 21st. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, AST SpaceMobile presently has an average rating of “Hold” and an average price target of $80.67.

Trending Headlines about AST SpaceMobile

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

• Positive Sentiment: FCC spectrum expansion improves the industry outlook. The Federal Communications Commission adopted a proposal to expand spectrum available for “supplemental coverage from space,” potentially allowing AST SpaceMobile and wireless carriers to use satellite links more broadly in areas outside conventional tower coverage. ASTS Stock Gains On FCC Plan to Expand Direct-To-Phone Spectrum
• Positive Sentiment: Brazil authorizations and operator agreements advance commercialization. AST SpaceMobile received spectrum authorizations from Brazil’s telecom regulator and signed agreements with four regional mobile operators. The deals could support future satellite-enabled broadband coverage in underserved Brazilian markets and validate the company’s international partnership strategy. AST SpaceMobile Secures Brazil Spectrum Authorizations and Four Operator Agreements
• Positive Sentiment: Bullish commentary points to potential growth beyond the recent selloff. An investment analysis cited AST’s funded satellite constellation, more than 60 carrier partners and possible large government contracts as reasons the shares may be undervalued relative to their long-term opportunity. These contracts remain potential rather than guaranteed catalysts. Prediction: ASTS Could Be Entering Its Biggest Growth Phase Yet
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action. The lawsuit covers investors who purchased ASTS securities from March 4, 2025, through July 15, 2026, with a November 13, 2026 lead-plaintiff deadline. Attorneys allege the company made material misstatements or omissions regarding capital and liquidity, including claims tied to roughly $3 billion of convertible-note offerings and dilution. The allegations have not been proven, but the litigation adds reputational and legal uncertainty. Pomerantz Class Action Announcement
• Negative Sentiment: Amazon’s approved Globalstar transaction raises competitive concerns. Amazon’s sizable investment and FCC-approved deal involving Globalstar could strengthen a rival satellite-connectivity ecosystem, increasing pressure on AST SpaceMobile to execute its constellation deployment and secure commercial contracts. Amazon’s FCC-Approved Globalstar Deal

Insider Buying and Selling at AST SpaceMobile

In other news, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total transaction of $2,357,200.00. Following the completion of the transaction, the chief technology officer directly owned 34,750 shares of the company’s stock, valued at approximately $2,047,817.50. This represents a 53.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Adriana Cisneros acquired 10,822 shares of the business’s stock in a transaction on Monday, August 31st. The stock was acquired at an average price of $57.22 per share, with a total value of $619,234.84. Following the transaction, the director directly owned 797,023 shares of the company’s stock, valued at $45,605,656.06. This represents a 1.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 20.89% of the company’s stock.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.