Robert W. Baird upgraded shares of Arxis (NASDAQ:ARXS – Free Report) to a strong-buy rating in a report released on Monday,Zacks.com reports.
Several other equities analysts have also issued reports on the company. Jefferies Financial Group initiated coverage on Arxis in a research note on Monday. They issued a “buy” rating and a $42.00 target price on the stock. Royal Bank Of Canada initiated coverage on Arxis in a report on Monday. They issued a “sector perform” rating and a $39.00 price target for the company. Wall Street Zen raised Arxis to a “hold” rating in a report on Saturday, May 2nd. William Blair initiated coverage on Arxis in a report on Monday. They issued an “outperform” rating for the company. Finally, Wells Fargo & Company initiated coverage on Arxis in a report on Monday. They issued an “overweight” rating and a $42.00 price target for the company. Five investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $45.27.
Get Our Latest Stock Analysis on Arxis
Arxis Stock Performance
Insider Buying and Selling
In other Arxis news, insider Ross Bradley Sealfon purchased 12,500 shares of the stock in a transaction dated Friday, April 17th. The stock was acquired at an average cost of $28.00 per share, for a total transaction of $350,000.00. Following the acquisition, the insider owned 1,102,807 shares in the company, valued at $30,878,596. This trade represents a 1.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin Scott Perhamus purchased 53,600 shares of the stock in a transaction dated Friday, April 17th. The shares were acquired at an average price of $28.00 per share, with a total value of $1,500,800.00. Following the completion of the acquisition, the insider owned 3,573,133 shares in the company, valued at approximately $100,047,724. This trade represents a 1.52% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 201,564 shares of company stock worth $5,643,792 over the last quarter.
Arxis Company Profile
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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