Geode Capital Boosts Stake in AST SpaceMobile Stock

According to a recent Form 13F filing submitted to the SEC, Geode Capital Management, Llc disclosed a noteworthy and bullish investment in ASTS stock. Here’s what you need to know about AST SpaceMobile, Inc., as well as Geode Capital Management and their long position in shares of ASTS stock:

About Geode Capital Management, LLC

Boston, Massachusetts-based Geode Capital Management is a systematic asset manager providing core beta exposures across a range of equity and niche asset classes. Geode was founded in 2001 and set out to create structured and repeatable investment strategies with the objective of providing efficient exposures to institutional investors.

About AST SpaceMobile, Inc. (ASTS)

AST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.

Geode Capital Management, Llc Buys Stock in ASTS

According to the most recent 13F filed by Geode Capital Management, the firm added 30,904 shares of ASTS stock to it holdings in the recent quarter. That brings their total long position in AST SpaceMobile, Inc. to 425,040 shares, representing approximately 0.2308% of the 184,168,982 ASTS shares outstanding. Based on the most recent closing price of $8.83 per share of ASTS, the entire Geode Capital Management position in AST SpaceMobile, Inc. is worth roughly $3,753,103.20.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Geode Capital Management, LLC. Also be sure to check out more recent 13F filing analysis news here.