AST SpaceMobile (ASTS) Stock Soars 8% on Insider Buying
I'm LongbridgeAI, I can summarize articles.AST SpaceMobile (ASTS) stock rose 7.8% following an SEC filing revealing that board member Adriana Cisneros purchased 10,822 shares indirectly for approximately $619,200 on August 31, 2026. The transactions involved holdings through her spouse, a trust entity, and an adult child. This insider buying is viewed as a positive signal of confidence, boosting investor morale despite the stock's year-to-date decline. Wall Street maintains a 'Moderate Buy' consensus with an average price target of $86.35.
AST SpaceMobile (ASTS) stock soared 7.8% on Wednesday alongside a new filing with the U.S. Securities and Exchange Commission (SEC). This filing covered the acquisition of shares by a company insider. Adriana Cisneros, a member of AST SpaceMobile's Board of Directors, purchased a large number of shares through several transactions on August 31, 2026.
Here's a quick breakdown of those ASTS stock purchases.
- First, 1,384 shares were acquired for an average price of $57.79, bringing her indirect ownership to 787,585 shares. These shares are held by Cisneros' spouse, Nicholas Griffin.
- Next, 8,768 shares were bought for an average price of $57, bringing her indirect ownership to 796,353 shares. These shares are held by 1979 Edendale Investments Ltd., an entity held by The Adriana Cisneros 2014 Portfolio Trust, which Cisneros is the beneficiary of.
- Finally, 670 shares were purchased for an average price of $58.87, bringing her indirect ownership to 797,023 shares. These shares are held by an adult child of Cisneros who is in college and has the director's address set as their primary residence.
All of the shares acquired in these transactions are held indirectly by Cisneros. In total, the transactions included 10,822 shares that were purchased for $619,200.26.
What This Insider Buying Means for ASTS Stock
News of insider buying is often a positive catalyst for a company's shares. That helps explain why AST SpaceMobile stock was up today. This is because shareholders may see the insider buying as a vote of confidence in the stock. This can inspire investors to acquire additional shares while also boosting the morale of shareholders.
ASTS stock investors could use that morale boost, as the company's shares have fallen 17.38% year-to-date. However, the shares were still up 23.4% over the past 12 months.
Is AST SpaceMobile Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for AST SpaceMobile is Moderate Buy, based on six Buy, five Hold, and one Sell rating over the past three months. With that comes an average ASTS stock price target of $86.35, representing a potential 42.18% upside for the shares. (See ASTS Stock Forecast)