Mobileye Global Inc. (NASDAQ:MBLY) CEO Amnon Shashua Purchases 631,963 Shares

Mobileye Global Inc. (NASDAQ:MBLY) CEO Amnon Shashua purchased 631,963 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was bought at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the purchase, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Mobileye Global Price Performance

Shares of MBLY stock traded down $0.78 during mid-day trading on Monday, hitting $15.18. The stock had a trading volume of 6,245,953 shares, compared to its average volume of 4,413,248. The firm has a market capitalization of $12.24 billion, a P/E ratio of -72.29, a price-to-earnings-growth ratio of 29.75 and a beta of 0.13. Mobileye Global Inc. has a 12-month low of $14.33 and a 12-month high of $44.48. The firm’s 50-day moving average is $25.91 and its two-hundred day moving average is $27.61.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $424.34 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. Analysts expect that Mobileye Global Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on MBLY. Fox Advisors downgraded shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a report on Thursday. Morgan Stanley raised shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $25.00 to $18.00 in a research report on Friday. Needham & Company LLC dropped their target price on shares of Mobileye Global from $36.00 to $25.00 and set a “buy” rating for the company in a report on Friday. Citigroup lowered their price objective on Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Piper Sandler increased their target price on shares of Mobileye Global from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.58.

Institutional Trading of Mobileye Global

A number of institutional investors have recently bought and sold shares of the business. TD Asset Management Inc increased its position in Mobileye Global by 59.2% in the 4th quarter. TD Asset Management Inc now owns 140,083 shares of the company’s stock valued at $6,068,000 after acquiring an additional 52,088 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Mobileye Global during the 1st quarter worth approximately $1,294,000. Pinebridge Investments L.P. boosted its stake in shares of Mobileye Global by 70.4% during the 4th quarter. Pinebridge Investments L.P. now owns 243,265 shares of the company’s stock worth $10,537,000 after acquiring an additional 100,494 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Mobileye Global by 15.2% in the 4th quarter. Wells Fargo & Company MN now owns 263,855 shares of the company’s stock valued at $11,430,000 after buying an additional 34,763 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in Mobileye Global by 2.2% in the 4th quarter. Assetmark Inc. now owns 108,331 shares of the company’s stock valued at $4,693,000 after buying an additional 2,346 shares in the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

About Mobileye Global

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.