Privium Fund Management B.V. Has $2.35 Million Stock Holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Privium Fund Management B.V. lessened its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 86.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,500 shares of the company's stock after selling 709,767 shares during the period. AST SpaceMobile makes up about 0.5% of Privium Fund Management B.V.'s portfolio, making the stock its 27th largest holding. Privium Fund Management B.V.'s holdings in AST SpaceMobile were worth $2,353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fox Hill Wealth Management lifted its stake in AST SpaceMobile by 47.9% in the 4th quarter. Fox Hill Wealth Management now owns 16,893 shares of the company's stock valued at $356,000 after purchasing an additional 5,473 shares during the last quarter. Xponance Inc. lifted its stake in AST SpaceMobile by 8.7% in the 4th quarter. Xponance Inc. now owns 9,676 shares of the company's stock valued at $204,000 after purchasing an additional 772 shares during the last quarter. Intech Investment Management LLC lifted its stake in AST SpaceMobile by 68.6% in the 4th quarter. Intech Investment Management LLC now owns 61,711 shares of the company's stock valued at $1,302,000 after purchasing an additional 25,111 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in AST SpaceMobile by 16.7% in the 4th quarter. Axxcess Wealth Management LLC now owns 10,562 shares of the company's stock valued at $223,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in AST SpaceMobile in the 4th quarter valued at approximately $265,000. Institutional investors own 60.95% of the company's stock.

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Insider Buying and Selling

In related news, Director Julio A. Torres sold 20,000 shares of AST SpaceMobile stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.73, for a total transaction of $614,600.00. Following the completion of the transaction, the director now owns 52,628 shares of the company's stock, valued at $1,617,258.44. This trade represents a 27.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 41.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on ASTS shares. Scotiabank reissued an "outperform" rating on shares of AST SpaceMobile in a research note on Wednesday, March 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $30.00 price target on shares of AST SpaceMobile in a research note on Tuesday, March 4th. Finally, UBS Group raised their price target 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $42.98.

AST SpaceMobile Trading Up 4.1 %

Shares of ASTS stock traded up $1.02 during trading hours on Friday, hitting $25.71. 6,767,567 shares of the company's stock traded hands, compared to its average volume of 11,974,676. AST SpaceMobile, Inc. has a 12 month low of $1.97 and a 12 month high of $39.08. The stock's 50 day simple moving average is $25.84 and its 200 day simple moving average is $25.21. The stock has a market cap of $8.14 billion, a PE ratio of -12.13 and a beta of 1.62. 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 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.