Insider Buying: Mobileye Global Inc. (NASDAQ:MBLY) Director Purchases 2,000 Shares of Stock

Mobileye Global Inc. (NASDAQ:MBLY) Director Patrick P. Gelsinger acquired 2,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the transaction, the director now owns 131,095 shares in the company, valued at $3,609,045.35. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Mobileye Global Price Performance

Shares of MBLY opened at $30.03 on Friday. Mobileye Global Inc. has a 1-year low of $23.49 and a 1-year high of $47.41. The stock has a market cap of $24.21 billion, a price-to-earnings ratio of -142.99, a price-to-earnings-growth ratio of 18.92 and a beta of 0.12. The firm has a 50 day simple moving average of $29.53 and a 200-day simple moving average of $33.17.

Wall Street Analyst Weigh In

MBLY has been the subject of several recent analyst reports. TD Cowen raised their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Robert W. Baird lowered their price objective on Mobileye Global from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price target on shares of Mobileye Global in a report on Friday, April 26th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a report on Friday, April 12th. Finally, Morgan Stanley cut Mobileye Global from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $26.00 to $25.00 in a research report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.58.

Hedge Funds Weigh In On Mobileye Global

Several hedge funds have recently bought and sold shares of the stock. CWM LLC purchased a new stake in shares of Mobileye Global in the third quarter valued at $25,000. Principal Securities Inc. purchased a new position in Mobileye Global in the 4th quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Mobileye Global during the 3rd quarter worth about $35,000. Register Financial Advisors LLC purchased a new stake in shares of Mobileye Global during the first quarter worth about $32,000. Finally, Venturi Wealth Management LLC raised its position in shares of Mobileye Global by 33.3% in the third quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.