AST SpaceMobile, Inc. (NASDAQ:ASTS) Shares Purchased by Harvest Investment Services LLC

Harvest Investment Services LLC lifted its position in shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 38.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 69,220 shares of the company's stock after buying an additional 19,128 shares during the period. Harvest Investment Services LLC's holdings in AST SpaceMobile were worth $1,461,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in AST SpaceMobile by 235.9% in the third quarter. JPMorgan Chase & Co. now owns 247,781 shares of the company's stock valued at $6,479,000 after acquiring an additional 174,007 shares in the last quarter. Key Colony Management LLC increased its stake in AST SpaceMobile by 44.1% during the 4th quarter. Key Colony Management LLC now owns 196,000 shares of the company's stock worth $4,136,000 after buying an additional 60,000 shares during the period. Lake Hills Wealth Management LLC acquired a new position in AST SpaceMobile in the 4th quarter worth $374,000. KBC Group NV increased its position in shares of AST SpaceMobile by 63.8% during the fourth quarter. KBC Group NV now owns 6,509 shares of the company's stock worth $137,000 after acquiring an additional 2,536 shares during the last quarter. Finally, MBE Wealth Management LLC lifted its stake in shares of AST SpaceMobile by 7.0% in the fourth quarter. MBE Wealth Management LLC now owns 39,718 shares of the company's stock worth $838,000 after acquiring an additional 2,602 shares in the last quarter. 60.95% of the stock is owned by hedge funds and other institutional investors.

AST SpaceMobile Stock Performance

NASDAQ ASTS traded up $1.65 on Thursday, hitting $24.07. The stock had a trading volume of 9,849,399 shares, compared to its average volume of 12,475,187. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31. The company's 50-day moving average is $25.70 and its two-hundred day moving average is $24.58. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of -11.35 and a beta of 1.81. AST SpaceMobile, Inc. has a one year low of $2.10 and a one year high of $39.08.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ASTS shares. UBS Group upped their target price on AST SpaceMobile from $31.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Roth Capital began coverage on shares of AST SpaceMobile in a research note on Thursday, April 10th. They set a "buy" rating and a $42.00 price objective on the stock. Scotiabank restated an "outperform" rating on shares of AST SpaceMobile in a research note 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 report on Tuesday, March 4th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $42.82.

Insiders Place Their Bets

In other AST SpaceMobile news, Director Julio A. Torres sold 20,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $30.73, for a total transaction of $614,600.00. Following the sale, the director now directly owns 52,628 shares in the company, valued at approximately $1,617,258.44. The trade was a 27.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 41.80% of the stock is currently owned by insiders.

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.