Arxis (NASDAQ:ARXS – Get Free Report) was upgraded by The Goldman Sachs Group to a “strong-buy” rating in a report released on Monday,Zacks.com reports.
Several other analysts also recently issued reports on ARXS. Royal Bank Of Canada started coverage on shares of Arxis in a research note on Monday. They set a “sector perform” rating and a $39.00 target price on the stock. Robert W. Baird started coverage on shares of Arxis in a research note on Monday. They set an “outperform” rating and a $55.00 target price on the stock. Melius Research started coverage on shares of Arxis in a research note on Monday. They set a “buy” rating and a $45.00 target price on the stock. Wolfe Research started coverage on shares of Arxis in a research note on Monday. They set an “outperform” rating and a $43.00 target price on the stock. Finally, UBS Group set a $53.00 target price on shares of Arxis in a research note on Monday. Five investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $45.27.
Check Out Our Latest Report on ARXS
Arxis Stock Performance
Insider Buying and Selling at Arxis
In related news, insider Ross Bradley Sealfon purchased 12,500 shares of the stock in a transaction dated Friday, April 17th. The shares were acquired at an average cost of $28.00 per share, for a total transaction of $350,000.00. Following the acquisition, the insider directly owned 1,102,807 shares in the company, valued at approximately $30,878,596. The trade was a 1.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Azad Sid Badakhsh acquired 36,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average price of $28.00 per share, with a total value of $1,008,000.00. Following the completion of the acquisition, the insider directly owned 403,864 shares of the company’s stock, valued at $11,308,192. This represents a 9.79% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 201,564 shares of company stock worth $5,643,792 over the last 90 days.
About Arxis
We are a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments. Leveraging significant intellectual property (“IP”) and world-class engineering capabilities, we design and deliver innovative solutions that address some of our customers’ most complex performance needs. Arxis is the result of a deliberate and disciplined strategy executed by our sponsor, Arcline, and the Arxis management team to create a purpose-built, cohesive business through targeted acquisitions with similar product and end market characteristics.
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