Geode Capital Management LLC Has $403,000 Stake in Mobix Labs, Inc. (NASDAQ:MOBX)

Geode Capital Management LLC raised its stake in Mobix Labs, Inc. (NASDAQ:MOBX) by 17.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 236,906 shares of the company’s stock after purchasing an additional 35,328 shares during the quarter. Geode Capital Management LLC owned 0.64% of Mobix Labs worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Ieq Capital LLC grew its holdings in Mobix Labs by 73.1% during the fourth quarter. Ieq Capital LLC now owns 34,620 shares of the company’s stock worth $59,000 after buying an additional 14,620 shares in the last quarter. 8.56% of the stock is currently owned by institutional investors and hedge funds.

Mobix Labs Price Performance

Shares of NASDAQ:MOBX opened at $0.70 on Friday. Mobix Labs, Inc. has a 1-year low of $0.55 and a 1-year high of $3.44. The company has a current ratio of 0.13, a quick ratio of 0.09 and a debt-to-equity ratio of 0.23. The stock has a market cap of $27.89 million, a PE ratio of -0.53 and a beta of -0.17. The stock’s fifty day simple moving average is $0.87 and its two-hundred day simple moving average is $1.06.

Mobix Labs (NASDAQ:MOBX) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.52) earnings per share for the quarter. Mobix Labs had a negative net margin of 437.57% and a negative return on equity of 866.93%. The firm had revenue of $3.17 million for the quarter.

Insider Transactions at Mobix Labs

In related news, Director James J. Peterson sold 146,732 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $1.04, for a total transaction of $152,601.28. Following the completion of the sale, the director now directly owns 2,115,574 shares of the company’s stock, valued at approximately $2,200,196.96. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 188,965 shares of company stock worth $198,618 in the last 90 days. Insiders own 25.10% of the company’s stock.

Mobix Labs Company Profile

Mobix Labs, Inc, a fabless semiconductor company, provides wireless and connectivity solutions for next generation communication systems, including C-Band and mmWave 5G and high bandwidth cable applications. Its products include True5G chipset solutions; true xero active optical cables and related products designed to deliver fiber optic connectivity for a range of applications, including 5G infrastructure, autonomous vehicles, Pro A/V, AR/VR, remote medical systems, and others; electromagnetic interference filters deployed in aerospace, military, defense, medical, and healthcare products.