Mobileye Global Inc. (NASDAQ:MBLY) Director Patrick P. Gelsinger Buys 1,611 Shares

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

Mobileye Global Trading Up 4.8 %

MBLY opened at $28.87 on Thursday. The business’s 50-day simple moving average is $29.32 and its 200 day simple moving average is $33.22. Mobileye Global Inc. has a 52-week low of $23.49 and a 52-week high of $47.41.

Institutional Trading of Mobileye Global

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MBLY. JPMorgan Chase & Co. increased their target price on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Raymond James dropped their price objective on shares of Mobileye Global from $48.00 to $40.00 in a report on Monday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 target price on shares of Mobileye Global in a research note on Friday, April 26th. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research report on Friday, April 12th. Finally, Barclays cut their price objective on Mobileye Global from $46.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Three analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $40.58.

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.