Yahoo Finance One AST SpaceMobile Insider Raised Stake By 404% In Previous Year \
Insiders were net buyers of AST SpaceMobile, Inc.'s (NASDAQ:ASTS ) stock during the past year. That is, insiders bought more stock than they sold.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for AST SpaceMobile
The Last 12 Months Of Insider Transactions At AST SpaceMobile
In the last twelve months, the biggest single purchase by an insider was when Non-Employee & Independent Director Adriana Cisneros bought US$200k worth of shares at a price of US$5.50 per share. That means that an insider was happy to buy shares at above the current price of US$4.97. It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Adriana Cisneros was the only individual insider to buy shares in the last twelve months.
The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
AST SpaceMobile is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does AST SpaceMobile Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. From our data, it seems that AST SpaceMobile insiders own 0.9% of the company, worth about US$9.0m. Whilst better than nothing, we're not overly impressed by these holdings.
What Might The Insider Transactions At AST SpaceMobile Tell Us?
The fact that there have been no AST SpaceMobile insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. We'd like to see bigger individual holdings. However, we don't see anything to make us think AST SpaceMobile insiders are doubting the company. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 3 warning signs we've spotted with AST SpaceMobile (including 1 which is a bit concerning).
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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