Thuan Pham Sells 40,000 Shares of Uber Technologies Inc (NYSE:UBER) Stock

Uber Technologies Inc (NYSE:UBER) CTO Thuan Pham sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $40.01, for a total transaction of $1,600,400.00. Following the transaction, the chief technology officer now directly owns 4,539,729 shares in the company, valued at approximately $181,634,557.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Thuan Pham also recently made the following trade(s):

  • On Tuesday, February 4th, Thuan Pham sold 20,000 shares of Uber Technologies stock. The shares were sold at an average price of $38.59, for a total transaction of $771,800.00.
  • On Tuesday, January 14th, Thuan Pham sold 30,000 shares of Uber Technologies stock. The shares were sold at an average price of $35.00, for a total transaction of $1,050,000.00.
  • On Friday, January 3rd, Thuan Pham sold 10,000 shares of Uber Technologies stock. The shares were sold at an average price of $30.56, for a total transaction of $305,600.00.
  • On Monday, December 16th, Thuan Pham sold 20,000 shares of Uber Technologies stock. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00.

Shares of Uber Technologies stock opened at $41.25 on Thursday. The company’s fifty day simple moving average is $35.04 and its 200-day simple moving average is $32.86. The company has a market cap of $68.25 billion and a price-to-earnings ratio of -4.97. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.46. Uber Technologies Inc has a 1 year low of $25.58 and a 1 year high of $47.08.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, February 6th. The ride-sharing company reported ($0.64) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.04. Uber Technologies had a negative net margin of 60.13% and a negative return on equity of 109.84%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $4.06 billion. The company’s revenue was up 36.8% on a year-over-year basis. As a group, research analysts forecast that Uber Technologies Inc will post -2.28 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC acquired a new stake in Uber Technologies during the third quarter worth $25,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at $30,000. Nisa Investment Advisors LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at $30,000. Atticus Wealth Management LLC acquired a new stake in shares of Uber Technologies in the 4th quarter valued at $30,000. Finally, Evoke Wealth LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 45.26% of the company’s stock.

A number of equities analysts have recently commented on the stock. Raymond James reissued a “buy” rating and issued a $54.00 price target on shares of Uber Technologies in a research report on Monday, December 16th. Royal Bank of Canada dropped their price target on shares of Uber Technologies from $64.00 to $59.00 and set an “outperform” rating on the stock in a research report on Friday, February 7th. Goldman Sachs Group lifted their price target on shares of Uber Technologies from $44.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, February 7th. MKM Partners raised shares of Uber Technologies from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday, February 7th. Finally, Sanford C. Bernstein assumed coverage on shares of Uber Technologies in a research report on Thursday, January 9th. They issued an “outperform” rating and a $40.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. Uber Technologies currently has an average rating of “Buy” and an average target price of $48.96.

Uber Technologies Company Profile

Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.

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