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Uber Technologies (NASDAQ:UBER) CFO Prashanth Mahendra-Rajah reported the sale of 2,045 shares of common stock on October 16, 2025. The shares were sold at a price of $92.52, totaling approximately $189,203. The transaction comes as Uber’s stock has shown remarkable strength, with a 53% gain year-to-date and the company maintaining a GREAT financial health score according to InvestingPro analysis.
According to a Form 4 filing with the Securities and Exchange Commission, Mahendra-Rajah also acquired 3,696 shares of Uber’s common stock upon the vesting of restricted stock units. Additionally, he purchased 5 shares at $93.00, for a total value of $465.
The filing also indicates that Mahendra-Rajah exercised options to acquire 3,696 shares of common stock.
In other recent news, Uber Technologies Inc. reported several notable developments. The company is set to introduce "digital tasks" for U.S. drivers within its app, allowing them to earn extra income by completing assignments such as uploading restaurant menus and recording audio narrations. This move is part of Uber’s expansion into the growing artificial intelligence sector. Additionally, Uber has acquired Belgian startup Segments.ai to bolster its data-labeling unit, with the startup’s team joining Uber AI Solutions.
In terms of financial outlook, TD Cowen has maintained its Buy rating for Uber, setting a price target of $108, citing strong growth in the company’s Mobility and Delivery segments. The firm projects Uber’s third-quarter gross bookings to hit $48.9 billion, marking a 19.4% year-over-year increase. Guggenheim has also initiated coverage on Uber with a Buy rating and a higher price target of $140, highlighting Uber’s industry-leading network and technology. Lastly, Uber Freight has appointed D’Andrae Larry as its new Chief Commercial Officer, bringing extensive industry experience to lead a realigned commercial organization.
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