Uber Technologies CEO Dara Khosrowshahi Sells 30,025 Shares of Company Stock
July 1, 2023
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On Monday, June 26th, Uber Technologies ($NYSE:UBER), Inc. CEO Dara Khosrowshahi sold 30,025 shares of the company’s stock. Uber Technologies is a transportation technology company that provides a platform that helps connect customers to drivers for rides and deliveries. The sale of this amount of stock is a clear indication of his dedication to the success of the company. Although it is unclear what exactly the proceeds from this sale will be used for, the sale may indicate that Khosrowshahi has faith in the company’s future prospects.
Price History
On Friday, UBER TECHNOLOGIES CEO, Dara Khosrowshahi, sold 30,025 shares of company stock, opening the stock at $43.1 and closing at $43.2, up 1.4% from the prior closing price of 42.6. This sale comes after a share price surge from the June IPO launch, which was followed by an increase in shares over the summer. It is unclear as to why he made this move, however some speculate that it may be related to his financial strategy or overall company performance. Despite the sale, Khosrowshahi still owns over 3 million shares in the company and remains optimistic about UBER’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Uber Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 33.85k | -3.37k | -7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Uber Technologies. More…
| Operations | Investing | Financing |
| 1.23k | -1.9k | 21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Uber Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 32.45k | 23.78k | 3.73 |
Key Ratios Snapshot
Some of the financial key ratios for Uber Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.4% | – | -8.2% |
| FCF Margin | ROE | ROA |
| 2.9% | -23.5% | -5.4% |
Analysis
GoodWhale has analyzed the financials of UBER TECHNOLOGIES, and our Star Chart reveals a low health score of 2/10 with regard to cashflows and debt. This reflects an increased risk of the company being unable to sustain future operations in times of crisis. Additionally, UBER TECHNOLOGIES shows strong growth, but weak asset, dividend, and profitability metrics. Based on our analysis, we classify UBER TECHNOLOGIES as a ‘cheetah’company, which is defined as a company that has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. Given these characteristics, investors who are looking for high potential returns in the short term may be interested in UBER TECHNOLOGIES. However, investors must be aware that the company’s instability may also lead to increased risk in the long term. More…
Peers
As the world progresses, new technologies are constantly emerging and reshaping the way we live. One of the most recent and influential technological advancements is the rise of ride-sharing apps, such as Uber Technologies Inc. These apps have changed the way we travel, and have had a profound impact on the taxi industry. While Uber has become the most well-known and successful ride-sharing app, it faces stiff competition from other companies, such as Trend Innovations Holding Inc, Waitr Holdings Inc, and Where Food Comes From Inc.
– Trend Innovations Holding Inc ($OTCPK:TREN)
Innovative Holding Inc is a publicly traded holding company with a focus on technology investments. The company’s market cap as of 2022 was 58.02M and its ROE was 81.69%. Innovative Holding Inc’s portfolio includes investments in companies such as AppDirect, Cloud Elements, and Icertis. These companies provide software that helps businesses manage their operations, customers, and suppliers.
– Waitr Holdings Inc ($NASDAQ:WTRH)
Waitr Holdings Inc is a food delivery service company. It operates in the United States and has a market cap of 26.59M as of 2022. The company has a Return on Equity of -127.21%.
Waitr Holdings Inc was founded in 2013 and is headquartered in Lake Charles, Louisiana. The company operates in the restaurant industry and provides food delivery services to its customers. It delivers food from local restaurants to its customers through its app. The company has a fleet of drivers who pick up and deliver food to its customers.
– Where Food Comes From Inc ($NASDAQ:WFCF)
Food Comes From Inc. is a company that helps farmers and food producers to connect with consumers and sell their products. The company has a market cap of 70.04M as of 2022 and a Return on Equity of 17.04%. The company has a strong focus on sustainability and works to promote sustainable practices among its farmers and food producers. The company also works to educate consumers about where their food comes from and the importance of supporting sustainable agriculture.
Summary
UBER Technologies, Inc. has recently seen an insider sale by its CEO Dara Khosrowshahi. On June 26th, 30,025 shares of the company’s stock were sold, indicating potential opportunities for investors. Given its overall growth prospects, UBER Technologies, Inc. appears to be a good opportunity for investors looking for long-term investments.
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