Insider Selling: 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 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 sale, the chief financial officer directly owned 155,053 shares of the company’s stock, valued at approximately $307,004.94. This trade represents a 41.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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 Stock Down 3.3%

Shares of Mobix Labs stock opened at $2.03 on Thursday. The business has a fifty day simple moving average of $2.40 and a 200 day simple moving average of $3.25. The company has a quick ratio of 0.17, a current ratio of 0.23 and a debt-to-equity ratio of 0.11. The stock has a market cap of $27.28 million, a PE ratio of -0.30 and a beta of -0.76. Mobix Labs, Inc. has a 12 month low of $1.31 and a 12 month high of $14.40.

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

Analyst Ratings Changes

Several research firms have weighed in on MOBX. Weiss Ratings reiterated a “sell (e+)” rating on shares of Mobix Labs in a report on Tuesday, April 21st. Wall Street Zen upgraded Mobix Labs to a “sell” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MOBX. XTX Topco Ltd lifted its holdings in shares of 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 purchasing an additional 12,443 shares in the last quarter. Virtu Financial LLC lifted its holdings 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 valued at $25,000 after purchasing an additional 66,982 shares in the last quarter. Toronto Dominion Bank bought a new stake in shares of Mobix Labs in the fourth quarter valued at about $27,000. Mariner LLC lifted its holdings in shares of 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 purchasing an additional 68,879 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings 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 valued at $114,000 after purchasing an additional 62,715 shares in the last quarter. 8.56% of the stock is currently owned by institutional investors.

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.