Adriana Cisneros Bought 12% More Shares In AST SpaceMobile

Potential AST SpaceMobile, Inc. (NASDAQ:ASTS) shareholders may wish to note that the Non-Employee & Independent Director, Adriana Cisneros, recently bought US$130k worth of stock, paying US$26.32 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 12%.

View our latest analysis for AST SpaceMobile

AST SpaceMobile Insider Transactions Over The Last Year

In fact, the recent purchase by Adriana Cisneros was the biggest purchase of AST SpaceMobile shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$27.90. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the AST SpaceMobile insider decided to buy shares at close to current prices. The only individual insider to buy over the last year was Adriana Cisneros.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

AST SpaceMobile is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does AST SpaceMobile Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that AST SpaceMobile insiders own 0.6% of the company, worth about US$41m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At AST SpaceMobile Tell Us?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest AST SpaceMobile insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For instance, we've identified 3 warning signs for AST SpaceMobile (1 doesn't sit too well with us) you should be aware of.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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 of direct interests only, but not derivative transactions or indirect interests.

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