Privium Fund Management B.V. Invests $21.48 Million in AST SpaceMobile, Inc. (NASDAQ:ASTS)

Privium Fund Management B.V. purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS) in the third quarter, according to its most recent filing with the SEC. The fund purchased 821,267 shares of the company’s stock, valued at approximately $21,476,000. AST SpaceMobile comprises 5.3% of Privium Fund Management B.V.’s portfolio, making the stock its 5th biggest position. Privium Fund Management B.V. owned approximately 0.30% of AST SpaceMobile as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in AST SpaceMobile by 49.9% during the first quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company’s stock worth $19,325,000 after acquiring an additional 2,217,531 shares during the period. American International Group Inc. raised its position in shares of AST SpaceMobile by 41.5% during the 1st quarter. American International Group Inc. now owns 56,527 shares of the company’s stock worth $164,000 after purchasing an additional 16,568 shares during the period. Natixis lifted its holdings in shares of AST SpaceMobile by 62.2% in the 1st quarter. Natixis now owns 55,863 shares of the company’s stock worth $162,000 after purchasing an additional 21,430 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in AST SpaceMobile by 71.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 55,335 shares of the company’s stock valued at $161,000 after purchasing an additional 22,987 shares during the period. Finally, Masters Capital Management LLC bought a new position in AST SpaceMobile during the 1st quarter worth $2,900,000. 60.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, President Scott Wisniewski sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $23.12, for a total value of $62,424.00. Following the completion of the sale, the president now directly owns 712,660 shares in the company, valued at $16,476,699.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other AST SpaceMobile news, President Scott Wisniewski sold 2,700 shares of the business’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 directly owns 712,660 shares in the company, valued at approximately $16,476,699.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Huiwen Yao sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $24.26, for a total transaction of $1,091,700.00. Following the transaction, the chief technology officer now owns 55,000 shares of the company’s stock, valued at approximately $1,334,300. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,700 shares of company stock worth $3,220,524 over the last quarter. 41.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. UBS Group raised their target price on AST SpaceMobile from $13.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Scotiabank lifted their price objective on shares of AST SpaceMobile from $28.00 to $45.90 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft upped their target price on shares of AST SpaceMobile from $22.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, B. Riley lifted their price target on AST SpaceMobile from $26.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 29th.

AST SpaceMobile Price Performance

Shares of ASTS opened at $21.99 on Friday. AST SpaceMobile, Inc. has a one year low of $1.97 and a one year high of $39.08. The stock’s fifty day moving average is $25.99 and its 200-day moving average is $17.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.38 and a current ratio of 6.38. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of -17.59 and a beta of 1.64.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.05. The company had revenue of $0.90 million for the quarter, compared to analyst estimates of $2.00 million. Equities analysts anticipate that AST SpaceMobile, Inc. will post -0.88 EPS for the current year.

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.