Arbe Robotics Ltd. (NASDAQ:ARBE – Get Free Report) CTO Noam Arkind sold 31,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $0.64, for a total transaction of $19,840.00. Following the transaction, the chief technology officer owned 1,561,282 shares in the company, valued at $999,220.48. This represents a 1.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Noam Arkind also recently made the following trade(s):
- On Wednesday, September 2nd, Noam Arkind sold 31,700 shares of Arbe Robotics stock. The stock was sold at an average price of $0.64, for a total transaction of $20,288.00.
Arbe Robotics Price Performance
Shares of NASDAQ:ARBE opened at $0.64 on Friday. The stock has a market capitalization of $77.94 million, a P/E ratio of -1.87 and a beta of 1.12. The business has a 50-day moving average of $0.72 and a two-hundred day moving average of $0.81. Arbe Robotics Ltd. has a fifty-two week low of $0.55 and a fifty-two week high of $2.88.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in ARBE. Resurgent Financial Advisors LLC lifted its holdings in shares of Arbe Robotics by 51.4% during the fourth quarter. Resurgent Financial Advisors LLC now owns 27,100 shares of the company’s stock worth $32,000 after buying an additional 9,200 shares during the last quarter. Sender Co & Partners Inc. increased its position in Arbe Robotics by 19.6% during the third quarter. Sender Co & Partners Inc. now owns 103,620 shares of the company’s stock worth $171,000 after acquiring an additional 16,991 shares during the period. Two Sigma Investments LP raised its stake in Arbe Robotics by 25.2% during the 3rd quarter. Two Sigma Investments LP now owns 109,283 shares of the company’s stock valued at $180,000 after purchasing an additional 21,990 shares during the last quarter. Invesco Ltd. acquired a new position in Arbe Robotics during the 2nd quarter valued at $41,000. Finally, Goldman Sachs Group Inc. bought a new stake in Arbe Robotics in the 4th quarter valued at $46,000. 33.42% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have commented on ARBE shares. Canaccord Genuity Group set a $1.25 price target on Arbe Robotics in a report on Friday, August 7th. Wall Street Zen cut shares of Arbe Robotics from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Arbe Robotics in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $2.38.
Read Our Latest Research Report on Arbe Robotics
Arbe Robotics Company Profile
Arbe Robotics Ltd. is a technology company specializing in high-resolution 4D imaging radar solutions for the automotive industry. The company’s radar platform is designed to enhance advanced driver-assistance systems (ADAS) and support the development of autonomous vehicles by providing detailed object detection, precise range and velocity measurements, and accurate environmental mapping under diverse driving conditions.
Founded in 2015 and headquartered in Tel Aviv, Israel, Arbe Robotics has developed its own semiconductor chipset and accompanying software stack.
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