Parametrica Management Ltd Lowers Stock Position in Arbe Robotics Ltd. (NASDAQ:ARBE)

Parametrica Management Ltd lessened its stake in shares of Arbe Robotics Ltd. (NASDAQ:ARBE) by 26.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,578 shares of the company’s stock after selling 8,934 shares during the quarter. Arbe Robotics accounts for about 0.1% of Parametrica Management Ltd’s holdings, making the stock its 29th biggest holding. Parametrica Management Ltd’s holdings in Arbe Robotics were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Y.D. More Investments Ltd purchased a new position in Arbe Robotics during the third quarter worth about $4,337,000. Institutional investors own 33.42% of the company’s stock.

Arbe Robotics Trading Up 0.5 %

Shares of NASDAQ ARBE traded up $0.01 during midday trading on Friday, hitting $1.84. The company’s stock had a trading volume of 28,232 shares, compared to its average volume of 47,067. The business’s fifty day simple moving average is $1.92 and its two-hundred day simple moving average is $1.95. Arbe Robotics Ltd. has a 1 year low of $1.40 and a 1 year high of $3.31.

Arbe Robotics (NASDAQ:ARBE) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Arbe Robotics had a negative net margin of 2,959.18% and a negative return on equity of 69.50%. The business had revenue of $0.35 million during the quarter, compared to analyst estimates of $4.00 million. Equities research analysts anticipate that Arbe Robotics Ltd. will post -0.3 EPS for the current fiscal year.

Arbe Robotics Company Profile

Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in China, Hong Kong, Sweden, Germany, the United States, Israel, and internationally. It offers 4D imaging radar chipset solutions that address the core issues that have caused autonomous vehicle and autopilot accidents, such as detecting stationary objects, identifying vulnerable road users, operation at poor lighting conditions, and eliminating false alarms without radar ambiguities.