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James J. Peterson, a director and significant shareholder of Mobix Labs, Inc. (NASDAQ:MOBX), recently sold shares of the company’s Class A common stock. The company, currently valued at $38.1 million, has seen its stock decline 42% year-to-date. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value calculation. According to a regulatory filing, Peterson sold a total of 16,197 shares over two transactions. The sales, which took place on March 11 and March 13, 2025, were executed at prices ranging from $1.00 to $1.04 per share, amounting to a total value of $16,212. The stock, which InvestingPro data shows trades with high volatility, has ranged between $0.55 and $3.62 over the past 52 weeks.
Following these transactions, Peterson still holds 2,099,377 shares directly. Additionally, he retains options with the right to purchase more shares, including 20,000 shares at an exercise price of $4.18 and 133,416 shares at an exercise price of $6.84, with expiration dates in 2030 and 2032, respectively. For deeper insights into insider trading patterns and additional analysis, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Mobix Labs Inc. reported significant revenue growth for the first quarter of fiscal year 2025. The company achieved a revenue of $3.17 million, marking an 11-fold increase compared to the same quarter last year and a 7.3% sequential increase. Additionally, Mobix Labs improved its adjusted operating loss by 28.9%, reducing it to $2.5 million. The company is withholding near-term revenue guidance due to ongoing acquisition strategies, but it aims for long-term financial objectives, targeting a gross margin of 60% and an adjusted operating margin of 30%. Recent strategic moves include the planned acquisitions of Spacecraft Components Corp and SCP Manufacturing, expected to bolster Mobix Labs’ position in the aerospace and defense markets. In governance developments, shareholders approved the appointment of board members Kurt Busch, William Carpou, and Fabrizio Battaglia, as well as the ratification of the company’s independent registered public accounting firm. These developments reflect Mobix Labs’ focus on strategic expansion and financial growth, positioning it strongly in key markets.
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