Lee Chan W, COO of Ambarella, sold 1,000 shares at $73.48 each, still holding 114,918 shares.
Ambarella announced the expansion of its N1 Edge GenAI Family with a new energy-efficient SoC.
The stock price of Ambarella increased to $76.20, reflecting investor interest following recent announcements.
On January 8, 2025, Lee Chan W, the Chief Operating Officer of Ambarella (NASDAQ:AMBA), sold 1,000 shares of the company’s Ordinary Shares at $73.48 each. After this transaction, Lee Chan W still holds 114,918 shares. Ambarella is known for its advanced semiconductor products, particularly in video processing and computer vision. The company competes with firms like NVIDIA and Intel in the semiconductor industry.
Ambarella recently announced the expansion of its N1 Edge GenAI Family with a new System on Chip (SoC). This SoC is designed for on-premise multi-channel Video Learning Model (VLM) and Neural Network (NN) processing, operating efficiently under 20 watts. This development was unveiled at the CES event, showcasing Ambarella’s commitment to innovation in AI and video processing technologies.
The stock for AMBA is currently priced at $76.20, marking an increase of 2.53% or $1.88. During the trading day, the stock fluctuated between a low of $73.36 and a high of $76.64. This price movement reflects investor interest, possibly influenced by the recent product announcement and the insider transaction by Lee Chan W.
Over the past year, AMBA’s stock has experienced a high of $81.32 and a low of $39.69. This range indicates significant volatility, which is common in the tech sector. The company’s market capitalization is approximately $3.18 billion, highlighting its substantial presence in the semiconductor market.
The trading volume for AMBA on the NASDAQ exchange is 901,568 shares. This level of activity suggests a healthy interest in the stock, possibly driven by the company’s recent technological advancements and strategic moves by its executives.
