Verition Fund Management 13F: Cuts ASTS Stake by $10M

Verition Trims Its ASTS Stake

Verition Fund Management scaled back its exposure to AST SpaceMobile, Inc. (NasdaqGS: ASTS) during the period ended May 15, 2026, according to a Form 13F filed with the U.S. Securities and Exchange Commission. This filing reflects holdings as of that date and might not represent the fund's current position today. The multi-strategy fund cut its holdings by 115,545 shares, marking a 47.3% decrease from its prior count of 244,328 shares. Following the transaction, the fund retained 128,783 shares with an estimated value of about $11.1 million.

AST SpaceMobile Stock and Market Context

Shares of AST SpaceMobile traded around $86.35. The company designs and builds satellite constellations intended to deliver cellular broadband directly to standard mobile devices. The equity has experienced significant movement, trading between a 52-week low of $39.87 and a 52-week high of $133.86. Because the firm posted a negative EPS of -2.13 over the measured periods, it does not carry a positive forward P/E ratio.

Chief Executive Officer Buys Shares

Insiders have been active around the company's shares in recent months. Chief Executive Officer Abel Avellan acquired 2.5 million shares of AST SpaceMobile on June 22, 2026. This purchase adds to leadership's direct holdings in the space communications developer.

Wall Street Analysts Adjust Targets

Wall Street research firms have actively updated their views on AST SpaceMobile through the autumn of 2026. On October 13, 2026, Piper Sandler downgraded the stock to a neutral rating and lowered its price target to $54.00. Earlier, on October 12, 2026, Deutsche Bank upgraded the stock to a buy rating while keeping its target at $93.00. B. Riley Securities moved to a neutral rating on October 2, 2026, setting a target of $65.00. Berenberg initiated coverage with a buy rating and a $92.00 price target on September 2, 2026. Across 12 analyst opinions, the stock holds a consensus recommendation of hold with a target mean price of $74.28.

Inside the Business Operations

AST SpaceMobile develops a space-based cellular broadband network designed to connect ordinary smartphones without extra hardware. Headquartered in Midland, Texas, the company seeks to eliminate dead zones for commercial and government users by launching proprietary satellites into orbit. Institutional portfolio adjustments like Verition's offer a glimpse into how professional managers reallocate capital across high-beta technology holdings.

What to Watch at AST SpaceMobile, Inc.

Investors tracking AST SpaceMobile will look toward upcoming SEC filings and the next scheduled earnings report on November 9, 2026, for further updates on the company's financial progress. Because 13F reports look backward, institutional changes often trail real-time trading decisions.