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

Arbe Robotics Ltd. (NASDAQ:ARBE) was the target of some unusual options trading activity on Thursday. Investors purchased 52,243 call options on the company. This represents an increase of approximately 1,234% compared to the average daily volume of 3,916 call options.

Analyst Ratings Changes

Several research analysts recently weighed in on ARBE shares. Canaccord Genuity Group reissued a “buy” rating and issued a $1.75 target price on shares of Arbe Robotics in a research note on Tuesday, November 18th. Westpark Capital started coverage on shares of Arbe Robotics in a research report on Thursday, January 8th. They issued a “buy” rating and a $3.50 price objective for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Arbe Robotics in a research report on Wednesday, October 8th. Three research 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.42.

Arbe Robotics Stock Performance

Shares of ARBE stock opened at $1.83 on Friday. Arbe Robotics has a one year low of $0.85 and a one year high of $3.37. The company has a 50 day moving average price of $1.29 and a 200 day moving average price of $1.51. The firm has a market capitalization of $192.66 million, a price-to-earnings ratio of -3.89 and a beta of 0.53.

Institutional Investors Weigh In On Arbe Robotics

Institutional investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Arbe Robotics by 187.5% in the 1st 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 buying an additional 3,162,282 shares in the last quarter. Alyeska Investment Group L.P. increased its position in shares of Arbe Robotics by 36.9% during the third quarter. Alyeska Investment Group L.P. now owns 4,116,822 shares of the company’s stock worth $6,793,000 after acquiring an additional 1,109,047 shares during the last quarter. Sender Co & Partners Inc. acquired a new position in shares of Arbe Robotics in the second quarter worth about $154,000. Cubist Systematic Strategies LLC purchased a new position in Arbe Robotics in the first quarter valued at about $63,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in Arbe Robotics in the second quarter valued at about $105,000. 33.42% of the stock is currently owned by hedge funds and other institutional investors.

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.