AWM Investment Company Inc. Purchases Shares of 5,506,444 Arbe Robotics Ltd. $ARBE

Key Points

• AWM Investment Company acquired 5.5 million Arbe Robotics shares in the second quarter, valued at approximately $4.57 million and representing about 4.49% of the company. Institutional investors collectively own 33.42% of ARBE.
• Analyst sentiment is mixed, with two Buy ratings and one Sell rating; the stock carries an average Hold rating and a $2.38 average price target.
• Arbe Robotics shares opened at $0.70, near the lower end of their 52-week range, while quarterly results modestly exceeded expectations with a $0.06 adjusted loss per share versus the projected $0.08 loss.

AWM Investment Company Inc. acquired a new position in shares of Arbe Robotics Ltd. (NASDAQ:ARBE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,506,444 shares of the company's stock, valued at approximately $4,570,000. AWM Investment Company Inc. owned approximately 4.49% of Arbe Robotics as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ARBE. AlphaCentric Advisors LLC purchased a new position in Arbe Robotics during the first quarter worth about $183,000. Caitong International Asset Management Co. Ltd bought a new stake in Arbe Robotics in the 4th quarter worth about $315,000. Aristides Capital LLC purchased a new stake in Arbe Robotics in the 4th quarter valued at about $180,000. XTX Topco Ltd increased its stake in Arbe Robotics by 56.2% in the 4th quarter. XTX Topco Ltd now owns 275,728 shares of the company's stock valued at $325,000 after buying an additional 99,206 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Arbe Robotics by 611.8% during the 4th quarter. Squarepoint Ops LLC now owns 137,313 shares of the company's stock worth $162,000 after buying an additional 118,021 shares in the last quarter. Institutional investors own 33.42% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Canaccord Genuity Group set a $1.25 price target on Arbe Robotics in a research report on Friday, August 7th. Wall Street Zen cut Arbe Robotics from a "hold" rating to a "sell" rating in a research report on Saturday, June 27th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Arbe Robotics in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $2.38.

Arbe Robotics Trading Up 3.4%

Arbe Robotics stock opened at $0.70 on Wednesday. Arbe Robotics Ltd. has a 1-year low of $0.55 and a 1-year high of $2.88. The firm has a market capitalization of $85.82 million, a price-to-earnings ratio of -2.06 and a beta of 1.12. The firm has a 50 day simple moving average of $0.74 and a 200 day simple moving average of $0.83.

Arbe Robotics (NASDAQ:ARBE - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The firm had revenue of $0.70 million during the quarter, compared to analyst estimates of $0.54 million. Arbe Robotics had a negative return on equity of 90.93% and a negative net margin of 2,116.84%.

Insider Transactions at Arbe Robotics

In related news, CTO Noam Arkind sold 24,138 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $1.09, for a total transaction of $26,310.42. Following the completion of the transaction, the chief technology officer owned 1,623,982 shares of the company's stock, valued at approximately $1,770,140.38. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

About Arbe Robotics

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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