Stock Traders Buy High Volume of Arbe Robotics Call Options (NASDAQ:ARBE)

Arbe Robotics Ltd. (NASDAQ:ARBE) was the target of some unusual options trading on Monday. Investors bought 12,643 call options on the stock. This represents an increase of 254% compared to the average volume of 3,569 call options.

Arbe Robotics Price Performance

Shares of ARBE stock traded up $0.12 during trading hours on Monday, hitting $1.32. The stock had a trading volume of 14,739,300 shares, compared to its average volume of 8,474,756. The stock has a market capitalization of $138.44 million, a price-to-earnings ratio of -2.86 and a beta of 0.53. Arbe Robotics has a one year low of $0.85 and a one year high of $5.09. The stock’s 50-day moving average price is $1.42 and its two-hundred day moving average price is $1.55.

Institutional Trading of Arbe Robotics

Hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Arbe Robotics in the first quarter valued at $63,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Arbe Robotics by 187.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,849,154 shares of the company’s stock valued at $4,995,000 after purchasing an additional 3,162,282 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Arbe Robotics during the second quarter valued at $105,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Arbe Robotics in the 2nd quarter worth $27,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Arbe Robotics by 30.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 66,240 shares of the company’s stock worth $118,000 after buying an additional 15,629 shares during the last quarter. 33.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ARBE shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Arbe Robotics in a research note on Wednesday, October 8th. Canaccord Genuity Group restated a “buy” rating and issued a $1.75 price target on shares of Arbe Robotics in a research note on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1.88.

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.