Ghisallo Capital Management LLC Takes Position in Arbe Robotics Ltd. $ARBE

Key Points

• Ghisallo Capital Management LLC has acquired 250,000 shares of Arbe Robotics Ltd., valued at approximately $258,000, representing a 0.28% ownership stake in the company.
• Several institutional investors, including Alyeska Investment Group L.P. and Northern Trust Corp, have significantly increased their stakes in Arbe Robotics in recent quarters, indicating growing interest from hedge funds.
• According to analyst ratings, Arbe Robotics has a consensus rating of "Moderate Buy" with a consensus price target of $2.25, suggesting a positive outlook for the stock's performance.

Ghisallo Capital Management LLC purchased a new stake in Arbe Robotics Ltd. (NASDAQ:ARBE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 250,000 shares of the company's stock, valued at approximately $258,000. Ghisallo Capital Management LLC owned approximately 0.28% of Arbe Robotics as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Arbe Robotics by 22.3% in the 4th quarter. Geode Capital Management LLC now owns 53,025 shares of the company's stock valued at $99,000 after buying an additional 9,658 shares during the period. Two Sigma Securities LLC acquired a new position in shares of Arbe Robotics in the 4th quarter valued at approximately $37,000. Northern Trust Corp raised its position in shares of Arbe Robotics by 1,261.7% in the 4th quarter. Northern Trust Corp now owns 472,661 shares of the company's stock valued at $879,000 after purchasing an additional 437,949 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Arbe Robotics in the 4th quarter valued at approximately $48,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Arbe Robotics in the 4th quarter valued at approximately $7,627,000. Hedge funds and other institutional investors own 33.42% of the company's stock.

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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Arbe Robotics presently has a consensus rating of "Moderate Buy" and an average price target of $2.25.

Arbe Robotics Price Performance

NASDAQ:ARBE remained flat at $1.25 during mid-day trading on Wednesday. The company had a trading volume of 909,711 shares, compared to its average volume of 1,080,764. The business's fifty day moving average price is $1.46 and its two-hundred day moving average price is $1.46. Arbe Robotics Ltd. has a 1 year low of $0.85 and a 1 year high of $5.09.

About Arbe Robotics

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.