Investors Buy Large Volume of Arbe Robotics Call Options (NASDAQ:ARBE)

Arbe Robotics Ltd. (NASDAQ:ARBE) was the recipient of unusually large options trading on Thursday. Stock investors bought 52,243 call options on the company. This is an increase of 1,234% compared to the typical volume of 3,916 call options.

Analyst Upgrades and Downgrades

ARBE has been the subject of several recent research reports. Westpark Capital began coverage on Arbe Robotics in a report on Thursday, January 8th. They set a “buy” rating and a $3.50 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Arbe Robotics in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $1.75 target price on shares of Arbe Robotics in a research note on Tuesday, November 18th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.42.

Institutional Investors Weigh In On Arbe Robotics

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC bought a new position in Arbe Robotics during the second quarter valued at approximately $105,000. Alyeska Investment Group L.P. lifted its holdings in Arbe Robotics by 36.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,116,822 shares of the company’s stock worth $6,793,000 after buying an additional 1,109,047 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Arbe Robotics by 187.5% in 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 worth $4,995,000 after acquiring an additional 3,162,282 shares during the period. Two Sigma Investments LP boosted its stake in shares of Arbe Robotics by 25.2% during the 3rd quarter. Two Sigma Investments LP now owns 109,283 shares of the company’s stock valued at $180,000 after purchasing an additional 21,990 shares in the last quarter. Finally, Sender Co & Partners Inc. boosted its position in Arbe Robotics by 19.6% during the 3rd quarter. Sender Co & Partners Inc. now owns 103,620 shares of the company’s stock valued at $171,000 after acquiring an additional 16,991 shares in the last quarter. 33.42% of the stock is currently owned by institutional investors.

Arbe Robotics Price Performance

NASDAQ:ARBE traded up $0.39 on Thursday, reaching $1.71. 10,704,193 shares of the company’s stock were exchanged, compared to its average volume of 7,833,993. The stock has a fifty day simple moving average of $1.28 and a 200-day simple moving average of $1.51. Arbe Robotics has a 52 week low of $0.85 and a 52 week high of $3.37. The firm has a market cap of $179.50 million, a price-to-earnings ratio of -3.63 and a beta of 0.53.

Arbe Robotics Company Profile

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.