Janus Henderson Group PLC Lowers Holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Janus Henderson Group PLC lessened its holdings in AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) by 51.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,629,085 shares of the company's stock after selling 3,825,815 shares during the period. Janus Henderson Group PLC owned approximately 1.35% of AST SpaceMobile worth $94,901,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Fairfield Financial Advisors LTD bought a new position in shares of AST SpaceMobile in the third quarter worth $26,000. Hollencrest Capital Management purchased a new stake in AST SpaceMobile during the third quarter valued at about $26,000. Rakuten Securities Inc. purchased a new stake in shares of AST SpaceMobile during the third quarter worth about $68,000. KBC Group NV purchased a new stake in shares of AST SpaceMobile during the third quarter worth about $104,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of AST SpaceMobile during the third quarter worth about $105,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Insider Buying and Selling

In related news, President Scott Wisniewski sold 2,700 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $23.12, for a total transaction of $62,424.00. Following the sale, the president now directly owns 712,660 shares of the company's stock, valued at approximately $16,476,699.20. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Adriana Cisneros purchased 4,934 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $26.32 per share, for a total transaction of $129,862.88. Following the completion of the acquisition, the director now directly owns 774,772 shares of the company's stock, valued at $20,391,999.04. This represents a 0.64 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 127,700 shares of company stock worth $3,220,524 in the last 90 days. 41.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

AST SpaceMobile Stock Down 0.6 %

Shares of ASTS traded down $0.13 during mid-day trading on Thursday, hitting $22.51. The company's stock had a trading volume of 7,251,461 shares, compared to its average volume of 10,536,856. The company's 50-day moving average is $24.74 and its 200-day moving average is $20.34. AST SpaceMobile, Inc. has a 52-week low of $1.97 and a 52-week high of $39.08. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of -10.62 and a beta of 1.60. 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 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.