AST SpaceMobile Rallies on Brazil Spectrum Approval and New Operator Deals

AST SpaceMobile (ASTS) is up 7.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a new expansion update in Brazil that gave investors both a regulatory win and fresh commercial traction. The move also appears to reflect improving confidence that the company is adding the spectrum access and ground infrastructure needed to turn its direct-to-cell strategy into commercial service.

Details:

AST SpaceMobile said on October 26 that Brazil’s telecom regulator approved 30 MHz of S-band spectrum access and authorized secondary use of 700 MHz spectrum within participating operators’ licensed areas.

The company also announced agreements with four regional mobile operators in Brazil, expanding its partner base in one of its key international markets.

Management outlined plans to install ground infrastructure in Brazil, including gateway support that would help connect satellites with terrestrial networks and broaden service reach.

The investor relations site also shows third-quarter 2026 results are scheduled for November 9, which may be contributing to broader attention on near-term business progress, although that is secondary to the Brazil catalyst.

Sources:

AST SpaceMobile press release, SEC, AST SpaceMobile Investor Relations

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ASTS Insider Trading Activity

$ASTS insiders have traded $ASTS stock on the open market 9 times in the past 6 months. Of those trades, 3 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $ASTS stock by insiders over the last 6 months:

HUIWEN YAO (Chief Technology Officer) has made 0 purchases and 2 sales selling 80,000 shares for an estimated $6,212,000.
ANDREW MARTIN JOHNSON (CFO and CLO) has made 0 purchases and 2 sales selling 50,809 shares for an estimated $4,748,592.
JULIO A. TORRES sold 15,000 shares for an estimated $1,145,100
SHANTI B. GUPTA (Chief Operating Officer) sold 12,000 shares for an estimated $706,680
ADRIANA CISNEROS has made 3 purchases buying 10,822 shares for an estimated $619,200 and 0 sales.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$ASTS Hedge Fund Activity

We have seen 486 institutional investors add shares of $ASTS stock to their portfolio, and 268 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

RAKUTEN GROUP, INC. removed 15,510,077 shares (-50.0%) from their portfolio in Q2 2026, for an estimated $1,378,225,442
MORGAN STANLEY added 4,124,149 shares (+129.1%) to their portfolio in Q2 2026, for an estimated $366,471,880
JANE STREET GROUP, LLC added 3,559,370 shares (+14292.4%) to their portfolio in Q2 2026, for an estimated $316,285,618
UBS GROUP AG added 2,058,762 shares (+45.3%) to their portfolio in Q2 2026, for an estimated $182,941,591
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,640,466 shares (+inf%) to their portfolio in Q2 2026, for an estimated $145,771,808
GOLDMAN SACHS GROUP INC added 1,559,322 shares (+67.4%) to their portfolio in Q2 2026, for an estimated $138,561,352
FMR LLC removed 1,494,224 shares (-65.7%) from their portfolio in Q2 2026, for an estimated $132,776,744

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ASTS Price Targets

Multiple analysts have issued price targets for $ASTS recently. We have seen 3 analysts offer price targets for $ASTS in the last 6 months, with a median target of $85.0.

Here are some recent targets:

Bryan Kraft from Deutsche Bank set a target price of $106.0 on 05/29/2026
Mike Crawford from B. Riley Securities set a target price of $85.0 on 05/12/2026
Christopher Schoell from UBS set a target price of $80.0 on 05/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.