Mobileye Global Inc. (NASDAQ:MBLY) Director Purchases $45,381.87 in Stock

Mobileye Global Inc. (NASDAQ:MBLY) Director Patrick P. Gelsinger bought 1,611 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was purchased at an average price of $28.17 per share, with a total value of $45,381.87. Following the completion of the acquisition, the director now owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The purchase was disclosed in a filing with the SEC, which is available through this link.

Mobileye Global Trading Down 1.5 %

MBLY stock opened at $30.03 on Friday. The firm has a market cap of $24.21 billion, a PE ratio of -142.99, a PEG ratio of 18.92 and a beta of 0.12. Mobileye Global Inc. has a 1 year low of $23.49 and a 1 year high of $47.41. The company has a fifty day simple moving average of $29.53 and a 200 day simple moving average of $33.17.

Analysts Set New Price Targets

A number of equities analysts recently commented on MBLY shares. TD Cowen raised their price objective on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price target on shares of Mobileye Global in a report on Friday, April 26th. JPMorgan Chase & Co. increased their price objective on Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Citigroup lowered their target price on Mobileye Global from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Finally, Piper Sandler increased their price target on shares of Mobileye Global from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.58.

Hedge Funds Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC acquired a new stake in shares of Mobileye Global in the third quarter worth $25,000. Principal Securities Inc. bought a new position in Mobileye Global in the 4th quarter worth $28,000. Cary Street Partners Investment Advisory LLC acquired a new position in Mobileye Global during the 3rd quarter worth $35,000. Register Financial Advisors LLC bought a new stake in Mobileye Global during the first quarter valued at about $32,000. Finally, Venturi Wealth Management LLC grew its position in shares of Mobileye Global by 33.3% in the third quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.