Movella Holdings Inc. (NASDAQ:MVLA) COO Boele De Bie Purchases 10,000 Shares

Movella Holdings Inc. (NASDAQ:MVLA – Get Rating) COO Boele De Bie acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were acquired at an average price of $1.80 per share, with a total value of $18,000.00. Following the acquisition, the chief operating officer now owns 10,000 shares in the company, valued at $18,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Movella Stock Up 4.4 %

Shares of NASDAQ MVLA opened at $2.37 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.43 and a quick ratio of 4.98. The firm’s fifty day moving average price is $1.50. Movella Holdings Inc. has a twelve month low of $1.25 and a twelve month high of $10.76.

Movella (NASDAQ:MVLA – Get Rating) last issued its earnings results on Friday, March 31st. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.24). The business had revenue of $12.12 million during the quarter, compared to analyst estimates of $12.20 million. As a group, sell-side analysts expect that Movella Holdings Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MVLA. Northland Securities began coverage on Movella in a report on Tuesday. They set an “outperform” rating for the company. Stifel Nicolaus dropped their price objective on Movella from $7.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, April 4th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in MVLA. Francisco Partners Management LP bought a new position in shares of Movella in the 1st quarter worth $11,560,000. KPCB XIII Associates LLC purchased a new stake in Movella during the 1st quarter valued at about $7,057,000. Alpha Wave Global LP purchased a new stake in Movella during the 1st quarter valued at about $2,322,000. Intel Corp purchased a new stake in Movella during the 1st quarter valued at about $258,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in Movella during the 1st quarter valued at about $88,000. 77.81% of the stock is owned by institutional investors.

About Movella

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Pathfinder Acquisition Corporation is a blank check company. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more businesses. Pathfinder Acquisition Corporation is based in Palo Alto, California.