AST SpaceMobile, Inc. (NASDAQ:ASTS) Shares Sold by Privium Fund Management B.V.

Privium Fund Management B.V. trimmed its stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) by 86.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 111,500 shares of the company’s stock after selling 709,767 shares during the period. AST SpaceMobile makes up approximately 0.5% of Privium Fund Management B.V.’s holdings, making the stock its 27th biggest position. Privium Fund Management B.V.’s holdings in AST SpaceMobile were worth $2,353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ASTS. Xponance Inc. lifted its stake in AST SpaceMobile by 8.7% during the fourth quarter. Xponance Inc. now owns 9,676 shares of the company’s stock valued at $204,000 after buying an additional 772 shares in the last quarter. Americana Partners LLC increased its position in shares of AST SpaceMobile by 5.2% in the fourth quarter. Americana Partners LLC now owns 27,047 shares of the company’s stock worth $571,000 after acquiring an additional 1,326 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of AST SpaceMobile by 16.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 10,562 shares of the company’s stock valued at $223,000 after acquiring an additional 1,508 shares during the period. Colonial River Investments LLC lifted its position in shares of AST SpaceMobile by 17.3% in the 4th quarter. Colonial River Investments LLC now owns 10,618 shares of the company’s stock valued at $224,000 after acquiring an additional 1,564 shares in the last quarter. Finally, SouthState Corp boosted its stake in AST SpaceMobile by 6.5% in the 4th quarter. SouthState Corp now owns 32,542 shares of the company’s stock worth $687,000 after purchasing an additional 2,000 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group boosted their target price on shares of AST SpaceMobile from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Scotiabank reissued an “outperform” rating on shares of AST SpaceMobile in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $30.00 price objective on shares of AST SpaceMobile in a research note on Tuesday, March 4th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $42.98.

Insider Buying and Selling

In other AST SpaceMobile news, Director Julio A. Torres sold 20,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $30.73, for a total value of $614,600.00. Following the transaction, the director now directly owns 52,628 shares of the company’s stock, valued at $1,617,258.44. This represents a 27.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 41.80% of the stock is owned by corporate insiders.

AST SpaceMobile Stock Down 6.3 %

ASTS stock opened at $26.25 on Wednesday. The company has a 50 day moving average of $25.67 and a two-hundred day moving average of $25.23. The company has a quick ratio of 5.80, a current 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 company has a market cap of $8.31 billion, a price-to-earnings ratio of -12.38 and a beta of 1.62.

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.