Keith R. Larson, an insider at AST SpaceMobile Inc (ASTS), has made a notable purchase of 1,390 shares at a price of $70.02 each, totaling approximately $97,000. This transaction occurred on December 16, 2025.
Following this buy, Larson now holds 1,390 shares in the company. Insider buying can often be interpreted as a positive signal, as executives typically possess insights into their company's future. However, it is essential to recognize that such transactions should not be the sole basis for investment decisions, as various personal or regulatory factors may influence these actions.
AST SpaceMobile Inc operates in the telecommunication sector and is focused on creating a broadband cellular network in space, enabling direct communication with standard mobile devices. The company, headquartered in Midland, Texas, employs 578 full-time staff and went public on September 13, 2019. Its innovative approach involves a constellation of BlueBird (BB) satellites designed to deliver high-speed cellular broadband services, particularly to users outside terrestrial coverage.
The company currently has a market capitalization of $24.9 billion and reported an EPS (TTM) of -1.24. Looking ahead, AST SpaceMobile is scheduled to announce its earnings on May 11, 2026, with an estimated EPS of -0.22 and projected revenue of $35.7 million. This update provides insight into the company's ongoing developments and the confidence of its insiders in its future performance.