Uber CFO Mahendra-Rajah sells $261k in stock

Uber Technologies (NASDAQ:UBER) CFO Prashanth Mahendra-Rajah sold 2,750 shares of common stock on July 7, 2025, at a price of $95.00, for a total transaction value of $261,250. The sale comes as Uber’s stock trades near its 52-week high of $97.72, having delivered an impressive 49% return over the past six months. According to InvestingPro analysis, the company currently appears to be trading above its Fair Value.

Following the transaction, Mahendra-Rajah directly owns 21,975 shares of Uber Technologies. The sale was executed under an existing Rule 10b5-1 trading plan adopted on December 17, 2024. InvestingPro data shows Uber maintains a "GREAT" overall financial health score, with 12 additional key insights available to subscribers through their comprehensive Pro Research Report.

In other recent news, Uber Technologies Inc . (NYSE:UBER) has been named the official rideshare and on-demand delivery partner for the LA28 Olympic and Paralympic Games. This collaboration will involve Uber facilitating transportation throughout Los Angeles and providing delivery services for athletes and spectators. Additionally, Uber Eats is expanding its grocery delivery service by partnering with six new regional supermarket chains across the United States. This move aims to enhance Uber’s grocery delivery offerings in response to increasing consumer demand.

In financial developments, BofA Securities raised its price target for Uber to $115, citing potential tax benefits for drivers as a contributing factor. These benefits are expected to provide a modest increase in driver pay, indirectly supporting Uber’s business model. Moreover, Bernstein has reiterated its Outperform rating for Uber amid discussions about a potential equity investment in Pony.ai’s U.S. operations. The talks are preliminary, and the details of Uber’s involvement remain undefined.

In other collaborations, Uber’s partnership with Pony.ai, a leading Chinese autonomous vehicle company, is noteworthy. Pony.ai is expanding its robotaxi fleet, with plans to increase the number of vehicles by the end of the year. These recent developments highlight Uber’s strategic moves in expanding its services and exploring new partnerships.

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