Cinctive Capital Management LP Purchases Shares of 265,449 Mobileye Global Inc. (NASDAQ:MBLY)

Cinctive Capital Management LP acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 265,449 shares of the company’s stock, valued at approximately $3,637,000.

Several other institutional investors also recently modified their holdings of MBLY. Paloma Partners Management Co acquired a new position in shares of Mobileye Global in the 3rd quarter valued at $2,598,000. Rockefeller Capital Management L.P. acquired a new position in Mobileye Global in the third quarter worth about $253,000. Northwest & Ethical Investments L.P. acquired a new position in Mobileye Global in the third quarter worth about $825,000. BNP Paribas bought a new position in Mobileye Global during the third quarter worth about $173,000. Finally, D.A. Davidson & CO. acquired a new stake in Mobileye Global during the third quarter valued at approximately $189,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MBLY shares. Wolfe Research downgraded Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Tuesday, November 26th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.00 target price (down previously from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $15.00 price target on shares of Mobileye Global in a report on Tuesday, September 10th. Finally, Daiwa America cut shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $23.14.

Mobileye Global Trading Down 3.7 %

Mobileye Global stock opened at $17.39 on Tuesday. The business’s 50-day simple moving average is $14.49 and its 200 day simple moving average is $18.92. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $44.48.

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.