Mobileye Global Sees Unusually Large Options Volume (NASDAQ:MBLY)

Mobileye Global Inc. (NASDAQ:MBLY) saw unusually large options trading activity on Friday. Investors acquired 38,387 call options on the stock. This represents an increase of approximately 24% compared to the average volume of 31,000 call options.

Insider Buying and Selling

In other Mobileye Global news, CEO Amnon Shashua acquired 631,963 shares of the stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the transaction, the chief executive officer now directly owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Patrick P. Gelsinger bought 6,400 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $15.48 per share, with a total value of $99,072.00. Following the transaction, the director now owns 139,106 shares in the company, valued at $2,153,360.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Amnon Shashua purchased 631,963 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the completion of the transaction, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently bought and sold shares of MBLY. Green Alpha Advisors LLC increased its position in shares of Mobileye Global by 2.6% during the first quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock worth $630,000 after purchasing an additional 500 shares in the last quarter. Perigon Wealth Management LLC raised its stake in Mobileye Global by 6.7% in the first quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock valued at $341,000 after buying an additional 664 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Mobileye Global by 9.9% in the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock worth $277,000 after acquiring an additional 774 shares in the last quarter. Register Financial Advisors LLC purchased a new stake in shares of Mobileye Global during the first quarter worth about $32,000. Finally, Pinnacle Associates Ltd. increased its holdings in shares of Mobileye Global by 15.7% during the first quarter. Pinnacle Associates Ltd. now owns 8,840 shares of the company’s stock valued at $284,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Up 4.9 %

Shares of NASDAQ:MBLY opened at $12.89 on Friday. The company has a market capitalization of $10.43 billion, a PE ratio of -61.38 and a beta of 0.08. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $44.48. The business’s fifty day simple moving average is $13.35 and its 200-day simple moving average is $22.73.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. Research analysts predict that Mobileye Global will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MBLY. Evercore ISI restated an “outperform” rating and issued a $35.00 target price on shares of Mobileye Global in a report on Monday, August 26th. Morgan Stanley raised shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $25.00 to $18.00 in a research note on Friday, August 2nd. Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. Daiwa America lowered Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Hsbc Global Res raised Mobileye Global to a “strong-buy” rating in a research report on Monday, July 15th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.85.

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.