Arxis (NASDAQ:ARXS) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Arxis to a "hold" — the research note raising the rating was issued Saturday.
• Significant insider buying — Ross Bradley Sealfon bought 12,500 shares and Kevin Scott Perhamus bought 53,600 shares at $28 each on April 17, and insiders acquired 201,564 shares worth $5.64M over the past 90 days, increasing their ownership.
• Shares trading in the mid-$30s — ARXS opened at $35.13, with a 12‑month low of $34.44 and high of $39.45.

Arxis (NASDAQ:ARXS - Get Free Report) was upgraded by Wall Street Zen to a "hold" rating in a research note issued on Saturday.

Arxis Trading Up 0.4%

ARXS opened at $35.13 on Friday. Arxis has a 12-month low of $34.44 and a 12-month high of $39.45.

Insider Buying and Selling

In related news, insider Ross Bradley Sealfon purchased 12,500 shares of Arxis stock in a transaction on Friday, April 17th. The shares were bought at an average price of $28.00 per share, with a total value of $350,000.00. Following the transaction, the insider directly owned 1,102,807 shares of the company's stock, valued at approximately $30,878,596. This trade represents a 1.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin Scott Perhamus purchased 53,600 shares of Arxis stock in a transaction on Friday, April 17th. The stock was bought at an average cost of $28.00 per share, for a total transaction of $1,500,800.00. Following the transaction, the insider directly owned 3,573,133 shares in the company, valued at $100,047,724. This represents a 1.52% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 201,564 shares of company stock worth $5,643,792 over the last ninety days.

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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