Fund Update: DAVENPORT & Co LLC opened a $13.9M position in $ASTS stock

DAVENPORT & Co LLC has opened a new $13.9M position in $ASTS, per a new SEC 13F filing. This disclosure reflects the funds' holdings for the 06-30-2025 report period. You can see the fund's full portfolio on Quiver Quantitative, and also track the largest institutional owners of $ASTS.

$ASTS Hedge Fund Activity

We have seen 174 institutional investors add shares of $ASTS stock to their portfolio, and 118 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• ALPHABET INC. added 8,943,486 shares (+inf%) to their portfolio in Q1 2025, for an estimated $203,374,871
• GOLDMAN SACHS GROUP INC added 2,177,398 shares (+267.9%) to their portfolio in Q1 2025, for an estimated $49,514,030
• D. E. SHAW & CO., INC. added 971,783 shares (+24.1%) to their portfolio in Q1 2025, for an estimated $22,098,345
• SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 931,157 shares (-43.2%) from their portfolio in Q1 2025, for an estimated $21,174,510
• VOYA INVESTMENT MANAGEMENT LLC added 803,240 shares (+1992.5%) to their portfolio in Q1 2025, for an estimated $18,265,677
• CITADEL ADVISORS LLC added 794,137 shares (+63.9%) to their portfolio in Q1 2025, for an estimated $18,058,675
• BANK OF AMERICA CORP /DE/ added 726,292 shares (+467.3%) to their portfolio in Q1 2025, for an estimated $16,515,880

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$ASTS Insider Trading Activity

$ASTS insiders have traded $ASTS stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.

Here’s a breakdown of recent trading of $ASTS stock by insiders over the last 6 months:

• SCOTT WISNIEWSKI (President) has made 0 purchases and 2 sales selling 85,871 shares for an estimated $2,799,442.
• SHANTI B. GUPTA (Chief Operating Officer) has made 0 purchases and 3 sales selling 49,425 shares for an estimated $1,643,500.
• HUIWEN YAO (Chief Technology Officer) sold 55,000 shares for an estimated $1,475,100
• JULIO A. TORRES sold 20,000 shares for an estimated $614,600
• RONALD L RUBIN sold 7,000 shares for an estimated $227,220

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$ASTS Analyst Ratings

Wall Street analysts have issued reports on $ASTS in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

• B. Riley Securities issued a "Buy" rating on 06/16/2025
• UBS issued a "Buy" rating on 03/05/2025
• Cantor Fitzgerald issued a "Overweight" rating on 03/04/2025

To track analyst ratings and price targets for $ASTS, check out Quiver Quantitative's $ASTS forecast page.

$ASTS Price Targets

Multiple analysts have issued price targets for $ASTS recently. We have seen 5 analysts offer price targets for $ASTS in the last 6 months, with a median target of $44.0.

Here are some recent targets:

• Michael Funk from B of A Securities set a target price of $55.0 on 06/25/2025
• Andres Coello from Scotiabank set a target price of $45.4 on 06/23/2025
• Mike Crawford from B. Riley Securities set a target price of $44.0 on 06/16/2025
• Christopher Schoell from UBS set a target price of $38.0 on 03/05/2025
• Colin Canfield from Cantor Fitzgerald set a target price of $30.0 on 03/04/2025

Note that there may be inaccuracies in these estimates due to filing errors by the funds, parsing errors by us, or other anomalies.

Check out Quiver Quantitative's $ASTS ticker page for more data.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.