Investors Purchase High Volume of Put Options on Mobileye Global (NASDAQ:MBLY)

Mobileye Global Inc. (NASDAQ:MBLY) was the recipient of some unusual options trading on Thursday. Investors bought 42,051 put options on the company. This represents an increase of approximately 88% compared to the typical daily volume of 22,310 put options.

Wall Street Analyst Weigh In

MBLY has been the subject of several research reports. Westpark Capital reissued a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. JPMorgan Chase & Co. cut Mobileye Global from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $38.00 to $24.00 in a report on Wednesday, July 31st. Daiwa America cut shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Wolfe Research lowered shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday. Finally, Hsbc Global Res upgraded shares of Mobileye Global to a “strong-buy” rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mobileye Global has a consensus rating of “Moderate Buy” and an average price target of $31.60.

Mobileye Global Trading Down 8.5 %

MBLY opened at $11.55 on Friday. The business’s 50 day moving average is $19.38 and its 200-day moving average is $25.39. The stock has a market cap of $9.35 billion, a PE ratio of -55.00 and a beta of 0.13. Mobileye Global has a twelve month low of $11.45 and a twelve month high of $44.48.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The company had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $424.34 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, analysts forecast that Mobileye Global will post -0.07 EPS for the current year.

Insiders Place Their Bets

In other news, Director Patrick P. Gelsinger bought 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $15.48 per share, with a total value of $99,072.00. Following the purchase, the director now owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mobileye Global news, CEO Amnon Shashua purchased 631,963 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $16.51 per share, with a total value of $10,433,709.13. Following the purchase, the chief executive officer now owns 4,080,097 shares in the company, valued at $67,362,401.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick P. Gelsinger acquired 6,400 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $15.48 per share, with a total value of $99,072.00. Following the purchase, the director now owns 139,106 shares in the company, valued at $2,153,360.88. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Mobileye Global

A number of institutional investors have recently made changes to their positions in the stock. TD Asset Management Inc lifted its position in Mobileye Global by 59.2% in the fourth quarter. TD Asset Management Inc now owns 140,083 shares of the company’s stock worth $6,068,000 after purchasing an additional 52,088 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new position in Mobileye Global during the first quarter valued at about $1,294,000. Pinebridge Investments L.P. grew its holdings in Mobileye Global by 70.4% during the fourth quarter. Pinebridge Investments L.P. now owns 243,265 shares of the company’s stock worth $10,537,000 after acquiring an additional 100,494 shares during the period. Wells Fargo & Company MN raised its position in Mobileye Global by 15.2% in the fourth quarter. Wells Fargo & Company MN now owns 263,855 shares of the company’s stock worth $11,430,000 after acquiring an additional 34,763 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Mobileye Global by 2.2% in the 4th quarter. Assetmark Inc. now owns 108,331 shares of the company’s stock valued at $4,693,000 after acquiring an additional 2,346 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

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.