The VP BD of Ambarella (NASDAQ: AMBA) is Selling Shares

Yesterday, the VP BD of Ambarella (AMBAResearch Report), Yen-Lung Chen, sold shares of AMBA for $371.6K.

Following Yen-Lung Chen’s last AMBA Sell transaction on March 11, 2019, the stock climbed by 22.6%. In addition to Yen-Lung Chen, 2 other AMBA executives reported Sell trades in the last month.

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The company has a one-year high of $67.15 and a one-year low of $30. Currently, Ambarella has an average volume of 577.98K.

In the last 30 days, insiders have sold $395.3K worth of AMBA shares and purchased $75.02K worth of AMBA shares. The insider sentiment on Ambarella has been negative according to 60 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Ambarella, Inc. engages in the development and sale of video compression and image processing solutions. Its products include wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.