Nikki Krishnamurthy, Senior Vice President and Chief People Officer at Uber Technologies, Inc. (NYSE:UBER), recently reported a sale of 20,000 shares of the company’s common stock. The transaction, which took place on March 14, 2025, was executed at a weighted average price of $71.57 per share, resulting in a total value of approximately $1.43 million. The sale price aligns closely with the current market value, with InvestingPro data showing Uber trading at $71.56, near its 52-week high of $87.
In addition to the sale, Krishnamurthy also reported multiple acquisitions of common stock through the exercise of restricted stock units (RSUs) on March 16, 2025. These transactions, however, did not involve any cash exchange as the RSUs converted into common stock on a one-for-one basis. The company, currently valued at nearly $150 billion, has demonstrated strong financial health with a 17.96% revenue growth over the last twelve months, according to InvestingPro analysis.
Furthermore, Krishnamurthy disclosed shares withheld to satisfy tax liabilities upon the vesting of RSUs, totaling $2.39 million at a price of $71.55 per share. Following these transactions, Krishnamurthy holds 412,117 shares of Uber common stock. With analyst price targets ranging from $68 to $115, investors seeking deeper insights can access comprehensive valuation metrics and 12 additional ProTips through InvestingPro’s detailed research reports.
In other recent news, Uber Technologies has experienced several significant developments. Uber’s credit rating was upgraded to ’BBB’ from ’BBB-’ by S&P Global Ratings, reflecting improvements in its credit metrics and free operating cash flow, with expectations for continued earnings growth and financial discipline. However, Uber’s plan to acquire Foodpanda in Taiwan fell through after local regulatory authorities did not approve the deal, requiring Uber to pay a termination fee estimated at $250 million. Meanwhile, Tesla (NASDAQ:TSLA) received initial approval from California regulators to potentially launch a robotaxi service, marking progress in its autonomous vehicle ambitions.
Analysts from Bernstein have highlighted the impact of autonomous vehicle technology on the rideshare industry, noting that companies like Uber and Lyft (NASDAQ:LYFT) may face changes in their business models as AV technology becomes more prevalent. Citizens JMP maintained a Market Perform rating on Uber, with analysts focusing on the future role of autonomous vehicles and the potential fragmentation of the AV market. The analyst suggested that Uber’s partnerships and technological advancements in AVs are crucial for its long-term strategy. Despite these challenges, Uber is expected to target strategic investments in its core rideshare and delivery businesses to drive growth over the next few years.
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