Imc-Chicago Reduces $55M in AST SpaceMobile, Inc. ($ASTS)
Key Points
- Imc-Chicago changed its AST SpaceMobile, Inc. ($ASTS) stake by 95.7% last quarter, cutting to 29,534 shares worth $2.48 million.
- Wall Street's consensus rating on $ASTS is Hold and an average price target of $81.47.
- $ASTS last traded around $84.05.
Imc-Chicago reduced its position in AST SpaceMobile, Inc. ($ASTS) by 95.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,534 shares of AST SpaceMobile, Inc. after selling 659,432 shares during the quarter. Imc-Chicago's holdings in AST SpaceMobile, Inc. were worth $2.48 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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