Insider Sell: Ambarella Inc CTO Leslie Kohn Sells 1,713 Shares
Ambarella Inc (NASDAQ:AMBA), a technology company that specializes in the design and development of high-definition video compression and image processing semiconductors, has reported an insider selling event. According to a recent SEC filing, Chief Technology Officer Leslie Kohn disposed of 1,713 shares of the company on December 19, 2023.
The transaction was executed at an average price of $63.04 per share, resulting in a total value of $107,998.52. Following this transaction, the insider's stake in Ambarella Inc has been adjusted accordingly.
Over the past year, the insider has sold a cumulative total of 16,947 shares of Ambarella Inc and has not made any purchases of the stock. This latest sale continues a trend observed over the past year, where there have been no insider buys but a total of 35 insider sells for the company.
On the date of the reported sale, Ambarella Inc's shares were trading at $63.04, giving the company a market capitalization of $2.524 billion.
The stock's valuation, as indicated by the GuruFocus Value (GF Value) of $60.91, suggests that Ambarella Inc was fairly valued at the time of the sale, with a price-to-GF-Value ratio of 1.03. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated based on historical trading multiples, an adjustment factor for past performance, and future business performance estimates provided by Morningstar analysts.
The insider transaction history and the GF Value are important indicators for investors who track insider behaviors and company valuation as part of their investment decision-making process.
Investors and stakeholders in Ambarella Inc may consider these insider trading trends and valuation metrics when assessing their positions in the company.
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.
