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

Mobileye Global Inc. (NASDAQ:MBLY - Get Free Report) saw some unusual options trading activity on Friday. Traders bought 23,019 call options on the company. This is an increase of 273% compared to the typical daily volume of 6,165 call options.

Insider Activity

In other news, Director Patrick P. Gelsinger acquired 2,000 shares of Mobileye Global stock in a transaction dated Monday, April 29th. The shares were bought at an average cost of $27.53 per share, with a total value of $55,060.00. Following the purchase, the director now owns 131,095 shares in the company, valued at approximately $3,609,045.35. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Patrick P. Gelsinger bought 2,000 shares of the business's stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $27.53 per share, with a total value of $55,060.00. Following the completion of the purchase, the director now directly owns 131,095 shares in the company, valued at $3,609,045.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick P. Gelsinger bought 1,611 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the purchase, the director now owns 132,706 shares of the company's stock, valued at $3,738,328.02. The disclosure for this purchase can be found here. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently made changes to their positions in the business. Principal Securities Inc. purchased a new position in shares of Mobileye Global during the fourth quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Mobileye Global during the third quarter valued at approximately $35,000. Register Financial Advisors LLC purchased a new stake in Mobileye Global in the first quarter worth $32,000. National Bank of Canada FI grew its stake in Mobileye Global by 90.0% in the fourth 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 during the period. Finally, Venturi Wealth Management LLC grew its stake in Mobileye Global by 33.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company's stock worth $69,000 after purchasing an additional 400 shares during the period. 13.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MBLY has been the topic of several research analyst reports. 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 note on Thursday, April 11th. TD Cowen raised their price objective on shares of Mobileye Global from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, April 26th. Wolfe Research upgraded shares of Mobileye Global from a "peer perform" rating to an "outperform" rating and set a $41.00 target price for the company in a report on Friday, April 12th. Canaccord Genuity Group increased their target price on shares of Mobileye Global from $31.00 to $37.00 and gave the company a "buy" rating in a report on Friday, April 26th. Finally, Morgan Stanley downgraded shares of Mobileye Global from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $26.00 to $25.00 in a report on Friday, April 26th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $39.82.

Mobileye Global Stock Performance

NASDAQ:MBLY traded up $4.28 during mid-day trading on Friday, reaching $31.68. The stock had a trading volume of 17,409,489 shares, compared to its average volume of 4,187,601. The firm has a 50 day moving average price of $29.15 and a two-hundred day moving average price of $31.56. The stock has a market capitalization of $25.54 billion, a P/E ratio of -150.85, a P/E/G ratio of 17.00 and a beta of 0.03. Mobileye Global has a one year low of $23.49 and a one year high of $45.10.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $239.00 million during the quarter, compared to the consensus estimate of $226.60 million. Research analysts forecast that Mobileye Global will post 0.1 earnings per share for the current year.

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.