Trade Alert: EVP & COO Of AST SpaceMobile Shanti Gupta Has Sold Stock

Some AST SpaceMobile, Inc. (NASDAQ:ASTS) shareholders may be a little concerned to see that the EVP & COO, Shanti Gupta, recently sold a substantial US$2.1m worth of stock at a price of US$25.83 per share. That sale reduced their total holding by 29% which is hardly insignificant, but far from the worst we've seen.

See our latest analysis for AST SpaceMobile

AST SpaceMobile Insider Transactions Over The Last Year

Notably, that recent sale by Shanti Gupta is the biggest insider sale of AST SpaceMobile shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$23.84. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In total, AST SpaceMobile insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

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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. AST SpaceMobile insiders own about US$41m worth of shares. That equates to 0.6% of the company. 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?

The stark truth for AST SpaceMobile is that there has been more insider selling than insider buying in the last three months. Zooming out, the longer term picture doesn't give us much comfort. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing AST SpaceMobile. At Simply Wall St, we've found that AST SpaceMobile has 4 warning signs (1 makes us a bit uncomfortable!) that deserve your attention before going any further with your analysis.

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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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.