Mobix Labs (NASDAQ:MOBX) CFO Sells $221,977.80 in Stock

Mobix Labs, Inc. (NASDAQ:MOBX) CFO Keyvan Samini sold 112,110 shares of Mobix Labs stock in a transaction that occurred 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 owned 155,053 shares of the company’s stock, valued at $307,004.94. This trade represents a 41.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 transaction of $6.42.

Mobix Labs Stock Down 0.5%

Shares of NASDAQ:MOBX traded down $0.01 during trading on Monday, hitting $1.97. The company’s stock had a trading volume of 665,173 shares, compared to its average volume of 3,618,145. The business has a 50 day moving average price of $2.46 and a two-hundred day moving average price of $3.28. The company has a market capitalization of $26.48 million, a PE ratio of -0.29 and a beta of -0.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.17 and a current ratio of 0.23. Mobix Labs, Inc. has a fifty-two week low of $1.31 and a fifty-two week high of $14.40.

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

Hedge Funds Weigh In On Mobix Labs

A number of institutional investors and hedge funds have recently modified their holdings of MOBX. XTX Topco Ltd lifted its position 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 acquiring an additional 12,443 shares during the last quarter. Vanguard Capital Wealth Advisors lifted its position 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 acquiring an additional 54,700 shares during the last quarter. Geode Capital Management LLC lifted its position 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 acquiring an additional 62,715 shares during the last quarter. Virtu Financial LLC lifted its position in Mobix Labs by 247.8% in the fourth quarter. Virtu Financial LLC now owns 94,011 shares of the company’s stock valued at $25,000 after acquiring an additional 66,982 shares during the last quarter. Finally, Mariner LLC lifted its position in Mobix Labs by 103.5% in the fourth quarter. Mariner LLC now owns 135,453 shares of the company’s stock valued at $36,000 after acquiring an additional 68,879 shares during the last quarter. Institutional investors and hedge funds own 8.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Mobix Labs in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Mobix Labs to a “sell” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mobix Labs 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.