Yahoo Finance Insider Sell: CEO Feng-ming Wang Sells 2,173 Shares of Ambarella Inc (AMBA)
Feng-ming Wang, Chief Executive Officer of Ambarella Inc (NASDAQ:AMBA), has sold 2,173 shares of the company on March 18, 2024, according to a recent SEC filing. The transaction was executed at an average price of $49.27 per share, resulting in a total value of $107,073.71.
Ambarella Inc is a technology company that specializes in the design and development of low-power, high-definition (HD) and Ultra HD video compression, image processing, and computer vision processors. These products are used in a variety of human and computer vision applications, including security cameras, sports cameras, wearable devices, drones, and automotive systems.
Over the past year, the insider, Feng-ming Wang, has sold a total of 12,621 shares of Ambarella Inc and has not made any purchases of the stock. The recent sale by the insider is part of a series of transactions over the same period.
The insider transaction history for Ambarella Inc shows a pattern of 41 insider sells and no insider buys over the past year, suggesting a trend of insiders monetizing their holdings in the company.
On the valuation front, Ambarella Inc's shares were trading at $49.27 on the day of the insider's sale, giving the company a market capitalization of $2.04 billion.
The stock's price-to-GF-Value ratio stands at 0.76, with a GuruFocus Value of $64.68, indicating that Ambarella Inc is currently modestly undervalued. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent selling activity by company insiders, providing investors with a visual representation of the insider transactions over the past year.
The GF Value image above illustrates the relationship between the company's current stock price and its GF Value, offering insight into whether Ambarella Inc is trading above, at, or below its intrinsic value as estimated by GuruFocus.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.