Keyvan Samini Sells 112,110 Shares of Mobix Labs (NASDAQ:MOBX) Stock

Mobix Labs, Inc. (NASDAQ:MOBX) CFO Keyvan Samini sold 112,110 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $1.98, for a total transaction of $221,977.80. Following the completion of the sale, the chief financial officer directly owned 155,053 shares of the company’s stock, valued at approximately $307,004.94. This trade represents a 41.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Keyvan Samini also recently made the following trade(s):

• On Thursday, June 11th, Keyvan Samini sold 3 shares of Mobix Labs stock. The shares were sold at an average price of $2.14, for a total transaction of $6.42.

Mobix Labs Stock Performance

MOBX traded down $0.01 on Monday, reaching $1.97. The company had a trading volume of 665,173 shares, compared to its average volume of 3,618,145. Mobix Labs, Inc. has a 1 year low of $1.31 and a 1 year high of $14.40. The stock has a market capitalization of $26.48 million, a PE ratio of -0.29 and a beta of -0.76. The company has a quick ratio of 0.17, a current ratio of 0.23 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $2.46 and a 200-day moving average price of $3.28.

Mobix Labs (NASDAQ:MOBX) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.59) earnings per share for the quarter. Mobix Labs had a negative net margin of 361.77% and a negative return on equity of 1,175.77%. The company had revenue of $0.97 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Focus Partners Wealth increased its holdings in Mobix Labs by 64.3% in the first quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock valued at $1,467,000 after buying an additional 642,857 shares in the last quarter. XTX Topco Ltd increased its holdings in Mobix Labs by 47.4% in the second quarter. XTX Topco Ltd now owns 38,671 shares of the company’s stock valued at $30,000 after buying an additional 12,443 shares in the last quarter. Armistice Capital LLC purchased a new position in Mobix Labs in the second quarter valued at about $3,272,000. Vanguard Capital Wealth Advisors increased its holdings in Mobix Labs by 4.1% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,383,416 shares of the company’s stock valued at $370,000 after buying an additional 54,700 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Mobix Labs by 17.3% in the fourth quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock valued at $114,000 after buying an additional 62,715 shares in the last quarter. 8.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on MOBX. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobix Labs in a report on Tuesday, April 21st. Wall Street Zen raised shares of Mobix Labs to a “sell” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Mobix Labs has an average rating of “Sell”.

Mobix Labs Company Profile

Mobix Labs, Inc (NASDAQ: MOBX) is a technology company specializing in device intelligence software and services for the mobile device lifecycle. The company’s core platform enables real-time testing, authentication and diagnostic verification of smartphones and other connected devices. By combining automated testing tools with data analytics, Mobix Labs helps carriers, retailers, original equipment manufacturers (OEMs) and repair centers streamline operations and reduce return rates, fraud and waste.

Mobix Labs offers a suite of products designed to support the full spectrum of device management.