AST SpaceMobile (ASTS) CEO Antonio Buys 2,500,000 Shares

On June 22, 2026, Abel Avellan, the CEO of AST SpaceMobile, Inc. (NasdaqGS: ASTS), bought 2.5 million shares of the company. This insider purchase comes as shares of ASTS traded near $76.82 on Tuesday.

Insider Buying and Selling at AST SpaceMobile, Inc.

Abel Avellan, AST SpaceMobile's CEO, acquired 2.5 million shares on June 22, 2026. This transaction was not part of a pre-planned trading program. Other recent insider purchases include Julio Torres, Johan Wibergh, Ronald Rubin, Richard Sarnoff, and Adriana Cisneros, each buying 2,124 shares on June 12, 2026.

Other Institutional Activity in AST SpaceMobile

Institutional investors have also been active in AST SpaceMobile. BlackRock, Inc. increased its holdings by 2.57 million shares, totaling 14.52 million shares valued at approximately $1.20 billion. Vanguard Capital Management LLC opened a new position, acquiring 11.49 million shares worth around $952.1 million. Similarly, Vanguard Portfolio Management LLC initiated a stake with 11.04 million shares valued at $915.2 million. Ghisallo Capital Management LLC upped its shares by 2.5 million, resulting in a 33.3% increase to 10 million shares, worth about $9.58 million.

AST SpaceMobile, Inc. Stock Up 63.1%

Shares of AST SpaceMobile traded near $76.82 on Tuesday. The company has a market cap of approximately $21.87 billion. ASTS has a forward P/E ratio of -356.68, reflecting its unprofitability. The stock's beta is 2.63, indicating higher volatility compared to the market. Over the past year, the stock has ranged from a low of $36.08 to a high of $133.86. The company's 50-day moving average is $88.42, and its 200-day moving average is $80.46.

Analysts Set New Price Targets

Analysts have been adjusting their outlooks on AST SpaceMobile. On May 29, 2026, Deutsche Bank downgraded the stock to a hold with a $106 target. UBS and B. Riley Securities maintained their hold ratings on May 12, 2026, with targets of $80 and $85, respectively. The consensus recommendation for ASTS is a hold, with a mean target price of $81.47 from nine analysts.

About AST SpaceMobile

AST SpaceMobile, Inc. designs and develops BlueBird satellites, creating a space-based cellular broadband network. This network aims to provide smartphone users with direct access to broadband services when outside terrestrial cellular coverage. Founded in 2017, the company is headquartered in Midland, Texas, and led by CEO Abel Avellan. AST SpaceMobile operates in the Communication Equipment industry within the Technology sector and employs over 1,100 people.

Bottom Line

Abel Avellan's recent purchase of 2.5 million shares signals his confidence in AST SpaceMobile's future. Institutional investors are also making significant moves, with BlackRock increasing its stake and Vanguard opening new positions. Investors will continue to monitor AST SpaceMobile's developments, especially with its innovative satellite technology. Remember, insider and institutional trades are backward-looking and may not reflect current positions.