AWM Investment Company Inc. Has $6.11 Million Holdings in Arbe Robotics Ltd. $ARBE

Key Points

• AWM Investment Company Inc. reduced its stake in Arbe Robotics Ltd. by 23.1% during the first quarter, selling 1,784,370 shares and holding 5,928,805 shares afterward.
• Analysts have set a price target of $2.00 for Arbe Robotics stock, with the company receiving an average rating of "Moderate Buy" and a consensus target of $2.25.
• Currently, Arbe Robotics shares trade at approximately $1.25, with a market cap of $131.60 million and a price-to-earnings ratio of -2.23.

AWM Investment Company Inc. cut its stake in shares of Arbe Robotics Ltd. (NASDAQ:ARBE - Free Report) by 23.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,928,805 shares of the company's stock after selling 1,784,370 shares during the period. AWM Investment Company Inc. owned approximately 6.58% of Arbe Robotics worth $6,107,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wolverine Trading LLC acquired a new stake in shares of Arbe Robotics during the fourth quarter worth $38,000. Jane Street Group LLC acquired a new position in Arbe Robotics during the fourth quarter valued at $48,000. Thoroughbred Financial Services LLC purchased a new position in Arbe Robotics in the first quarter valued at about $36,000. SBI Securities Co. Ltd. grew its stake in Arbe Robotics by 732.7% in the first quarter. SBI Securities Co. Ltd. now owns 50,611 shares of the company's stock valued at $52,000 after purchasing an additional 44,533 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Arbe Robotics in the first quarter valued at about $63,000. 33.42% of the stock is owned by institutional investors and hedge funds.

Arbe Robotics Stock Performance

Shares of ARBE traded up $0.04 during trading hours on Friday, hitting $1.29. 610,118 shares of the company were exchanged, compared to its average volume of 1,023,813. The company has a market cap of $135.81 million, a PE ratio of -2.30 and a beta of 0.42. The firm's 50 day moving average is $1.44 and its 200-day moving average is $1.43. Arbe Robotics Ltd. has a 52 week low of $0.85 and a 52 week high of $5.09.

Analyst Ratings Changes

Separately, Roth Capital set a $2.00 target price on Arbe Robotics and gave the company a "buy" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $2.25.

Arbe Robotics Company Profile

Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in China, Hong Kong, Sweden, Germany, the United States, Israel, and internationally. It offers 4D imaging radar chipset solutions that address the core issues that have caused autonomous vehicle and autopilot accidents, such as detecting stationary objects, identifying vulnerable road users, operation at poor lighting conditions, and eliminating false alarms without radar ambiguities.