Insider Selling: indie Semiconductor, Inc. (NASDAQ:INDI) COO Sells 18,375 Shares of Stock

indie Semiconductor, Inc. (NASDAQ:INDI) COO Michael Wittmann sold 18,375 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $4.10, for a total value of $75,337.50. Following the sale, the chief operating officer now directly owns 28,860 shares in the company, valued at approximately $118,326. This represents a 38.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

indie Semiconductor Trading Up 4.2 %

INDI stock opened at $4.42 on Friday. The firm has a fifty day moving average price of $4.23 and a 200 day moving average price of $4.73. indie Semiconductor, Inc. has a fifty-two week low of $3.16 and a fifty-two week high of $8.62. The firm has a market cap of $892.47 million, a PE ratio of -6.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.87 and a current ratio of 2.39.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Roth Mkm dropped their price target on indie Semiconductor from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Benchmark dropped their target price on shares of indie Semiconductor from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $8.92.

Hedge Funds Weigh In On indie Semiconductor

Several institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of indie Semiconductor during the 3rd quarter valued at about $58,000. Xponance Inc. purchased a new stake in indie Semiconductor during the second quarter valued at approximately $63,000. Creative Planning bought a new stake in shares of indie Semiconductor in the 3rd quarter valued at approximately $75,000. Algert Global LLC bought a new stake in shares of indie Semiconductor in the 2nd quarter valued at approximately $97,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of indie Semiconductor in the 2nd quarter worth approximately $105,000. Institutional investors own 67.73% of the company’s stock.

indie Semiconductor Company Profile

indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.