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MIDLAND, Texas—Shanti B. Gupta, the Chief Operating Officer of AST SpaceMobile, Inc. (NASDAQ:ASTS), recently sold a significant portion of the company’s Class A Common Stock. According to a recent filing, Gupta sold 10,000 shares on June 16, 2025, at a weighted average price of approximately $41.84 per share. This transaction amounts to a total of $418,400. The sale comes as AST SpaceMobile’s stock trades near its 52-week high of $42.93, having delivered an impressive 98.63% return year-to-date.
The shares were sold in multiple transactions, with prices ranging from $41.84 to $41.85 per share. Following the sale, Gupta retains ownership of 305,667 shares in the company. The transactions were carried out directly by Gupta, as indicated in the filing. According to InvestingPro analysis, the stock appears overvalued at current levels, with technical indicators suggesting overbought conditions.
This move comes as part of routine trading activities by company executives, and the transaction details are available for shareholders and interested parties upon request. For deeper insights into AST SpaceMobile’s valuation and performance metrics, investors can access comprehensive analysis through InvestingPro, which offers 17 additional investment tips and detailed financial health scores for the company.
In other recent news, AST SpaceMobile has reached a significant settlement agreement with Ligado Networks, Viasat, and Inmarsat, granting the company access to up to 45 MHz of mid-band spectrum in the U.S. and Canada. This agreement, pending court approval, is backed by a $550 million financing commitment. The company also announced its inclusion in the Russell 1000 Index, reflecting its growing market capitalization and increased visibility among investors. Additionally, AST SpaceMobile has updated its corporate governance structure, allowing the removal of directors by written consent, following stockholder approval at its recent Annual Meeting.
Analyst activity has been notable, with Scotiabank (TSX:BNS) maintaining a Sector Outperform rating for AST SpaceMobile, highlighting potential collaborations with Blue Origin and Amazon (NASDAQ:AMZN)’s Project Kuiper. Cantor Fitzgerald also reaffirmed its Overweight rating, citing AST SpaceMobile’s full-year revenue guidance and progress in satellite deployments. Despite these positive developments, Cantor Fitzgerald noted that increased costs related to satellite materials and launches could impact stock performance. AST SpaceMobile continues to secure bookings in the Defense sector and for gateway equipment, indicating a growing business footprint.
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