Mobix Labs (NASDAQ:MOBX) CFO Keyvan Samini Sells 211,672 Shares

Mobix Labs, Inc. (NASDAQ:MOBX) CFO Keyvan Samini sold 211,672 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $0.32, for a total transaction of $67,735.04. Following the sale, the chief financial officer directly owned 2,671,661 shares in the company, valued at $854,931.52. The trade was a 7.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mobix Labs Price Performance

Shares of MOBX opened at $0.24 on Thursday. The firm’s 50-day simple moving average is $0.48 and its two-hundred day simple moving average is $0.75. Mobix Labs, Inc. has a fifty-two week low of $0.17 and a fifty-two week high of $1.67. The stock has a market cap of $14.81 million, a PE ratio of -0.22 and a beta of -0.08. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.09 and a current ratio of 0.14.

Institutional Trading of Mobix Labs

A number of institutional investors and hedge funds have recently modified their holdings of MOBX. XTX Topco Ltd boosted its position in shares of Mobix Labs by 47.4% during 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 during the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of Mobix Labs by 432.7% during the second quarter. Beacon Pointe Advisors LLC now owns 108,017 shares of the company’s stock valued at $83,000 after purchasing an additional 87,738 shares during the last quarter. Vanguard Capital Wealth Advisors raised its holdings in shares of Mobix Labs by 20.6% during the second quarter. Vanguard Capital Wealth Advisors now owns 950,981 shares of the company’s stock valued at $728,000 after purchasing an additional 162,361 shares during the last quarter. Armistice Capital LLC lifted its position in Mobix Labs by 7.5% during the third quarter. Armistice Capital LLC now owns 4,596,804 shares of the company’s stock valued at $3,705,000 after purchasing an additional 320,804 shares during the period. Finally, Focus Partners Wealth boosted 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 worth $1,467,000 after purchasing an additional 642,857 shares during the last quarter. Institutional investors own 8.56% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mobix Labs in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mobix Labs presently has a consensus 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.