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 stock in a transaction on Friday, June 12th. The stock was sold at an average price of $1.98, for a total value of $221,977.80. Following the transaction, the chief financial officer directly owned 155,053 shares in the company, valued at $307,004.94. The trade was a 41.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

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

Mobix Labs Price Performance

MOBX opened at $2.10 on Wednesday. Mobix Labs, Inc. has a 12-month low of $1.31 and a 12-month high of $14.40. The business’s fifty day simple moving average is $2.43 and its 200-day simple moving average is $3.27. The company has a market capitalization of $28.22 million, a price-to-earnings ratio of -0.31 and a beta of -0.76. The company has a current ratio of 0.23, a quick ratio of 0.17 and a debt-to-equity ratio of 0.11.

Mobix Labs (NASDAQ:MOBX) last issued its quarterly earnings data 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 for the quarter.

Institutional Investors Weigh In On Mobix Labs

Several institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd boosted 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 worth $30,000 after acquiring an additional 12,443 shares in the last quarter. Vanguard Capital Wealth Advisors raised its stake in shares of Mobix Labs by 4.1% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,383,416 shares of the company’s stock worth $370,000 after purchasing an additional 54,700 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Mobix Labs by 17.3% in the fourth quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock worth $114,000 after purchasing an additional 62,715 shares during the last quarter. Virtu Financial LLC raised its stake in shares of Mobix Labs by 247.8% in the fourth quarter. Virtu Financial LLC now owns 94,011 shares of the company’s stock worth $25,000 after purchasing an additional 66,982 shares during the last quarter. Finally, Mariner LLC raised its stake in shares of Mobix Labs by 103.5% in the fourth quarter. Mariner LLC now owns 135,453 shares of the company’s stock worth $36,000 after purchasing an additional 68,879 shares during the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

Wall Street Analyst Weigh In

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

About Mobix Labs

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.