ASTS Insiders Sold at $58, Stock Now $32
AST SpaceMobile's CTO and COO sold $3.06M at $58.90 in September, weeks before shares fell to $32.33. Q3 results tonight come after four consecutive quarterly EPS misses.
ASTS Earnings Today: CTO Sold at $58 as Stock Hits $32
NEW YORK, November 9 —
The two operational leaders who know AST SpaceMobile, Inc.'s (ASTS) satellites and commercial operations best, CTO Huiwen Yao and COO Shanti Gupta, sold a combined $3.06 million in stock at roughly $58.90 on September 16. Today, eight weeks later, shares trade at $32.33 as the company reports Q3 results with four consecutive EPS misses behind it.
- Q3 consensus: $46 million revenue, up 46% sequentially; EPS loss of $0.41 expected.
- CTO sold 40,000 shares at $58.93; COO sold 12,000 shares at $58.89 on September 16.
- Net 90-day insider sales: $3.06 million vs. $0.62 million in purchases; 22% of float short.
The Selling Pattern
CTO Huiwen Yao and COO Shanti Gupta each sold on September 16 at nearly identical prices ($58.93 and $58.89) when the stock traded more than 80% above today's level. These are not peripheral executives: Yao runs the BlueBird satellite program for AST SpaceMobile, which delivers cellular broadband directly to standard smartphones via mobile-network-operator partnerships and Space Force contracts, while Gupta oversees commercial deployment from the company's Midland, Texas headquarters. Director Adriana Cisneros made the period's only net buying, purchasing roughly 10,822 shares on August 31 for approximately $619,200, a fraction of the $3.06 million in combined CTO/COO open-market sales.
Revenue Doubles, But the EPS Pattern Persists
The Q3 consensus of $46 million represents a genuine inflection: more than double the year-ago quarter, with TTM revenue growing 2,626.6% year-over-year as the SpaceMobile service scaled from near-zero in the prior period. The concern entering tonight is the four-quarter EPS track record, with misses ranging from 30% to 232.6%, the most recent quarter logging an actual loss of $0.77 against an estimated $0.33. The balance sheet carries $2.29 billion in cash against $2.99 billion in debt, with the Firefly agreement, per a July 2026 SEC 8-K, adding over $1.3 billion in total commitments including $400 million upfront; anyone probing the implied equity value can run a DCF calculator.
| Ticker | Mkt cap | Fwd P/E | 52-wk |
|---|---|---|---|
| ASTS | $12.6B | n/a | -52.9% |
| RKLB | $33.9B | 923.1x | +2.3% |
| LUNR | $1.7B | n/a | +6.1% |
| NBIS | $32.9B | n/a | +17.8% |
| RDW | $1.8B | n/a | +16.9% |
| IREN | $9.2B | n/a | -64.0% |
What Tonight's Number Settles
Short interest of 22% and options pricing a 19% post-earnings swing in either direction show the market's split: an average analyst target of $74.68 against a price of $32.33, a gap reflecting disagreement about whether the revenue inflection is real and durable. CEO Abel Avellan has publicly cited satellite progress through BlueBird 51, calling them "the largest spacecrafts ever in LEO," and the November 13 Blacklift rocket reveal adds a near-term hardware catalyst: a reusable 20-ton rocket targeting five satellites per launch and first flights in late 2028. The number that changes the picture tonight is whether revenue clears $46 million and whether guidance narrows the persistent EPS gap. Run the free AST SpaceMobile, Inc. deep-dive →
Basis Report is independent research for informational purposes. It is not investment advice and not a recommendation to buy or sell any security.
Frequently Asked Questions
How much did ASTS insiders sell?
CTO Huiwen Yao sold 40,000 shares at $58.93, while COO Shanti Gupta sold 12,000 shares at $58.89 on September 16, totaling $3.06 million. Net insider sales over 90 days reached $3.06 million versus just $0.62 million in purchases.
What are AST SpaceMobile Q3 expectations?
Q3 consensus estimates $46 million revenue, up 46% sequentially, with an EPS loss of $0.41. TTM revenue is up 2,626.6% year-over-year as the SpaceMobile service scaled from near-zero in the prior period.
How many times has ASTS missed earnings?
Four consecutive quarters. The most recent quarter showed a loss of $0.77 versus estimates of $0.33, a 232.6% miss. Historical misses over this four-quarter period have ranged from 30% to 232.6%.
What is the analyst price target for ASTS?
The average analyst target is $74.68 versus the current price of $32.33. Options are pricing a 19% post-earnings swing in either direction, with 22% of the float short.
What near-term catalyst exists for ASTS?
The November 13 Blacklift rocket reveal will show a reusable 20-ton rocket targeting five satellites per launch, with first flights targeted for late 2028. CEO Abel Avellan has also cited progress through BlueBird 51 satellites.
AST SpaceMobile reports Q3 2026 results after the bell today, with Wall Street expecting $46 million in revenue — more than double the year-ago period — yet the company enters the report having missed EPS estimates in all four prior quarters, while its CTO and COO sold a combined $3 million in shares at approximately $58.90 just eight weeks ago, well above today's price of $32.33.