Uber Technologies, Inc. (NYSE:UBER) CFO Sells $261,250.00 in Stock

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Prashanth Mahendra-Rajah also recently made the following trade(s):

• On Monday, May 5th, Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock. The stock was sold at an average price of $85.00, for a total transaction of $233,750.00.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $1.04 during mid-day trading on Friday, hitting $95.36. 12,442,436 shares of the company were exchanged, compared to its average volume of 21,233,017. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a 50 day simple moving average of $88.47 and a 200-day simple moving average of $77.64. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $97.72. The firm has a market cap of $199.41 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.40.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The firm had revenue of $11.53 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same period last year, the company earned ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% on a year-over-year basis. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Uber Technologies

Hedge funds have recently modified their holdings of the stock. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies during the first quarter worth $27,000. Kozak & Associates Inc. lifted its holdings in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the period. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the first quarter worth $27,000. GPS Wealth Strategies Group LLC lifted its holdings in Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 299 shares during the period. Finally, Perkins Coie Trust Co lifted its holdings in Uber Technologies by 306.0% in the first quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after acquiring an additional 306 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. KeyCorp upped their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. TD Cowen cut their target price on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Thirteen research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.12.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.