Mobileye Global Inc. (NASDAQ:MBLY) EVP Sells $1,085,962.37 in Stock

Mobileye Global Inc. (NASDAQ:MBLY) EVP Boaz Ouriel sold 67,493 shares of Mobileye Global stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the transaction, the executive vice president now owns 107,853 shares in the company, valued at $1,735,354.77. The trade was a 38.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Mobileye Global Trading Down 1.7%

Shares of NASDAQ:MBLY opened at $15.78 on Thursday. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $33.26. The firm has a market capitalization of $12.81 billion, a P/E ratio of -4.13, a PEG ratio of 69.54 and a beta of 0.38. The firm’s 50 day moving average is $14.52 and its two-hundred day moving average is $16.19.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The firm had revenue of $438.00 million for the quarter, compared to analysts’ expectations of $434.87 million. During the same quarter last year, the company earned ($0.07) EPS. Mobileye Global’s quarterly revenue was up 83.3% on a year-over-year basis. Analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MBLY. Daymark Wealth Partners LLC grew its position in Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock worth $233,000 after buying an additional 1,147 shares during the last quarter. SG Americas Securities LLC purchased a new position in Mobileye Global in the 4th quarter worth about $1,138,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Mobileye Global in the fourth quarter worth approximately $58,000. Drive Wealth Management LLC purchased a new position in shares of Mobileye Global during the fourth quarter valued at $950,000. Finally, Slow Capital Inc. grew its stake in Mobileye Global by 440.7% during the 4th quarter. Slow Capital Inc. now owns 246,314 shares of the company’s stock valued at $4,907,000 after acquiring an additional 200,757 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on MBLY. The Goldman Sachs Group reduced their price target on Mobileye Global from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Mizuho cut their price target on Mobileye Global from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Robert W. Baird boosted their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Barclays reaffirmed an “equal weight” rating and issued a $14.00 price target (down from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Finally, UBS Group cut their target price on shares of Mobileye Global from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.63.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.