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

Arbe Robotics Ltd. (NASDAQ:ARBE) saw some unusual options trading on Monday. Stock investors purchased 12,643 call options on the stock. This represents an increase of 254% compared to the typical daily volume of 3,569 call options.

Institutional Trading of Arbe Robotics

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in Arbe Robotics during the second quarter worth approximately $27,000. SBI Securities Co. Ltd. raised its stake in Arbe Robotics by 30.9% during the second quarter. SBI Securities Co. Ltd. now owns 66,240 shares of the company’s stock worth $118,000 after acquiring an additional 15,629 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Arbe Robotics in the second quarter worth about $29,000. Sender Co & Partners Inc. lifted its holdings in shares of Arbe Robotics by 19.6% in the third quarter. Sender Co & Partners Inc. now owns 103,620 shares of the company’s stock worth $171,000 after acquiring an additional 16,991 shares during the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Arbe Robotics in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 33.42% of the company’s stock.

Arbe Robotics Stock Down 4.6%

Shares of Arbe Robotics stock opened at $1.24 on Wednesday. The stock has a market capitalization of $130.55 million, a P/E ratio of -2.64 and a beta of 0.53. Arbe Robotics has a 12-month low of $0.85 and a 12-month high of $5.09. The company has a 50-day simple moving average of $1.39 and a 200 day simple moving average of $1.55.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Arbe Robotics in a research note on Wednesday, October 8th. Canaccord Genuity Group restated a “buy” rating and set a $1.75 price target on shares of Arbe Robotics in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1.88.

About Arbe Robotics

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.