Skip to content

Monster insider trading alert for Uber (UBER) stock

Monster insider trading alert for Uber (UBER) stock
Ana Zirojevic

With the stocks of Uber Technologies (NYSE: UBER) stagnating in the past week after returning into the $70 area, albeit below this year’s high of $81.39, certain insider transactions have caught the attention of outside observers, particularly the trades by Uber’s CEO.

As it happens, Uber’s CEO Dara Khosrowshahi sold a whopping 1 million UBER shares last week at an average price of $70.42, which brought him a profit of about $70.42 million, according to the recent information shared in an X post by pseudonymous markets analyst Barchart on June 24.

Specifically, with this recent sale, which happened on June 17, 2024, Khosrowshahi has reduced the number of UBER shares he holds to around 1.3 million, or to a percentage of 0.0606% of the total Uber stock, as per a detailed analysis of this insider trade.

Uber stock insider trading analysis. Source: Barchart
Uber stock insider trading analysis. Source: Barchart

Interestingly, Khosrowshahi’s latest UBER stock sale happened exactly one month after he sold $33,000,000 worth of shares on May 17, 2024, in what was his first time selling since November 2023, according to the information posted by trading platform TrendSpider on May 20.

Uber stock price analysis

So, how much is Uber stock at the moment? Notably, Uber shares were at press time changing hands at the price of $70.30, which suggests a decline of 0.13% on the day, a 0.79% drop across the past week while gaining 10.67% in the last month, adding up to the 20.41% increase accumulated in 2024.

Uber stock price year-to-date (YTD) chart. Source: Finbold
Uber stock price year-to-date (YTD) chart. Source: Finbold

Considering such a performance, Khosrowshahi may have taken the opportunity to profit off the stock’s recent price increase before a big market correction that he might feel is coming, but opposite to Wall Street analysts who have almost unanimously rated it as a ‘strong buy,’ with the UBER stock forecast of $87.86 in the next 12 months.

12-month UBER stock price targets. Source: TipRanks
12-month UBER stock price targets. Source: TipRanks

That said, stock market trends can sometimes change without any warning, so doing one’s own research and analysis, carefully weighing all the risks involved, and keeping up with any relevant news and developments is critical when investing.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.