Qsemble Capital Management LP Makes New Investment in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Qsemble Capital Management LP purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 51,767 shares of the company’s stock, valued at approximately $1,354,000.

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

AST SpaceMobile Stock Up 0.5 %

Shares of ASTS opened at $24.21 on Tuesday. The company has a market capitalization of $7.01 billion, a PE ratio of -11.42 and a beta of 1.64. The stock’s 50-day moving average price is $25.26 and its two-hundred day moving average price 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.

Analyst Upgrades and Downgrades

ASTS has been the subject of several research analyst reports. B. Riley upped their price target on shares of AST SpaceMobile from $26.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft increased their target price on AST SpaceMobile from $22.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. UBS Group boosted their price target on AST SpaceMobile from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Scotiabank dropped their price objective on shares of AST SpaceMobile from $45.90 to $44.70 and set a “sector outperform” rating for the company in a report on Friday, November 15th.

Insider Buying and Selling at AST SpaceMobile

In other news, CTO Huiwen Yao sold 45,000 shares of AST SpaceMobile stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $24.26, for a total value of $1,091,700.00. Following the completion of the transaction, the chief technology officer now directly owns 55,000 shares of the company’s stock, valued at approximately $1,334,300. This trade represents a 45.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Scott Wisniewski sold 2,700 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $23.12, for a total value of $62,424.00. Following the sale, the president now owns 712,660 shares in the company, valued at approximately $16,476,699.20. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,700 shares of company stock valued at $3,220,524. 41.80% of the stock is currently owned by company insiders.

AST SpaceMobile 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.