Verition Fund Management Reduces $10M in AST SpaceMobile, Inc. ($ASTS)
Key Points
- Verition Fund Management changed its AST SpaceMobile, Inc. ($ASTS) stake by 47.3% last quarter, cutting to 128,783 shares worth $10.62 million.
- Wall Street's consensus rating on $ASTS is Hold and an average price target of $81.47.
- $ASTS last traded around $82.47.
Verition Fund Management reduced its position in AST SpaceMobile, Inc. ($ASTS) by 47.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,783 shares of AST SpaceMobile, Inc. after selling 115,545 shares during the quarter. Verition Fund Management's holdings in AST SpaceMobile, Inc. were worth $10.62 million as of its most recent filing.
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About AST SpaceMobile, Inc.
AST SpaceMobile, Inc., together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States. The company provides a cellular broadband network in space to be accessible directly by smartphones for commercial use and other applications, as well as for government use. 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.
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