Stock Traders Buy Large Volume of Mobileye Global Call Options (NASDAQ:MBLY)

Mobileye Global Inc. (NASDAQ:MBLY) was the recipient of some unusual options trading on Friday. Stock investors bought 27,721 call options on the stock. This represents an increase of approximately 89% compared to the average daily volume of 14,658 call options.

Insider Activity

In other news, Director Patrick P. Gelsinger bought 1,611 shares of Mobileye Global stock in a transaction that occurred 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 purchase, the director now directly owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mobileye Global news, Director Patrick P. Gelsinger bought 2,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were purchased at an average cost of $27.53 per share, for a total transaction of $55,060.00. Following the transaction, the director now directly owns 131,095 shares of the company’s stock, valued at $3,609,045.35. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Patrick P. Gelsinger bought 1,611 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were acquired 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 in the company, valued at $3,738,328.02. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Mobileye Global

Large investors have recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in shares of Mobileye Global during the 4th quarter worth about $28,000. Register Financial Advisors LLC acquired a new stake in shares of Mobileye Global during the 1st quarter worth about $32,000. National Bank of Canada FI increased its position in shares of Mobileye Global by 90.0% during the 4th quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after purchasing an additional 675 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Mobileye Global by 33.3% during the 4th quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock worth $69,000 after purchasing an additional 400 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Mobileye Global during the 4th quarter worth about $77,000. 13.25% of the stock is owned by institutional investors.

Mobileye Global Trading Up 2.4 %

Shares of NASDAQ MBLY traded up $0.66 during midday trading on Friday, reaching $28.09. The company’s stock had a trading volume of 1,594,454 shares, compared to its average volume of 4,166,731. The company has a 50 day moving average price of $27.83 and a 200 day moving average price of $29.71. Mobileye Global has a one year low of $23.49 and a one year high of $45.10. The company has a market cap of $22.65 billion, a price-to-earnings ratio of -133.04, a price-to-earnings-growth ratio of 42.66 and a beta of 0.07.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. The firm had revenue of $239.00 million for the quarter, compared to analyst estimates of $226.60 million. Research analysts anticipate that Mobileye Global will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on MBLY. JPMorgan Chase & Co. lifted their target price on shares of Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Needham & Company LLC restated a “buy” rating and issued a $36.00 price target on shares of Mobileye Global in a research note on Friday, April 26th. Canaccord Genuity Group boosted their price target on shares of Mobileye Global from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Morgan Stanley downgraded shares of Mobileye Global from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $26.00 to $25.00 in a research note on Friday, April 26th. Finally, Piper Sandler boosted their target price on shares of Mobileye Global from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.19.

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.