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

Mobix Labs, Inc. (NASDAQ:MOBX) CFO Keyvan Samini sold 112,110 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $1.98, for a total value of $221,977.80. Following the completion of the sale, the chief financial officer directly owned 155,053 shares in the company, valued at approximately $307,004.94. This represents a 41.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $2.14, for a total value of $6.42.

Mobix Labs Trading Down 0.5%

Shares of NASDAQ:MOBX opened at $1.97 on Tuesday. The company has a market cap of $26.48 million, a P/E ratio of -0.29 and a beta of -0.76. The stock’s 50-day moving average is $2.46 and its 200-day moving average is $3.28. Mobix Labs, Inc. has a 52-week low of $1.31 and a 52-week high of $14.40. 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 (NASDAQ:MOBX) last released its 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.

Analyst Ratings Changes

MOBX has been the subject of several research reports. Wall Street Zen upgraded shares of Mobix Labs to a “sell” rating in a research note on Saturday, March 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of Mobix Labs

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Armistice Capital LLC increased its stake in Mobix Labs by 7.5% in the third quarter. Armistice Capital LLC now owns 4,596,804 shares of the company’s stock valued at $3,705,000 after acquiring an additional 320,804 shares during the period. Focus Partners Wealth grew its stake in Mobix Labs by 64.3% during the first quarter. Focus Partners Wealth now owns 1,642,857 shares of the company’s stock worth $1,467,000 after buying an additional 642,857 shares during the last quarter. Vanguard Capital Wealth Advisors grew its stake in Mobix Labs by 4.1% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,383,416 shares of the company’s stock worth $370,000 after buying an additional 54,700 shares during the last quarter. Geode Capital Management LLC grew its stake in Mobix Labs by 17.3% during the fourth quarter. Geode Capital Management LLC now owns 426,198 shares of the company’s stock worth $114,000 after buying an additional 62,715 shares during the last quarter. Finally, Mariner LLC grew its stake in Mobix Labs by 103.5% during the fourth quarter. Mariner LLC now owns 135,453 shares of the company’s stock worth $36,000 after buying an additional 68,879 shares during the last quarter. Institutional investors own 8.56% of the company’s stock.

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.