Embark Technology, Inc. (NASDAQ:EMBK) Shares Sold by SVB Wealth LLC

SVB Wealth LLC decreased its holdings in Embark Technology, Inc. (NASDAQ:EMBK – Get Rating) by 24.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,843 shares of the company’s stock after selling 18,487 shares during the quarter. SVB Wealth LLC owned about 0.25% of Embark Technology worth $190,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new stake in shares of Embark Technology in the 3rd quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Embark Technology in the 3rd quarter worth $35,000. Prelude Capital Management LLC purchased a new position in Embark Technology in the 1st quarter worth $61,000. Public Employees Retirement System of Ohio purchased a new position in Embark Technology in the 3rd quarter worth $216,000. Finally, Polar Capital Holdings Plc purchased a new position in Embark Technology in the 1st quarter worth $225,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on EMBK shares. Vertical Research lowered Embark Technology from a “buy” rating to a “hold” rating in a research note on Monday, March 6th. Robert W. Baird lowered Embark Technology from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 7th.

Embark Technology Trading Down 5.4 %

NASDAQ EMBK opened at $2.78 on Monday. The stock has a 50-day simple moving average of $2.73 and a two-hundred day simple moving average of $3.43. Embark Technology, Inc. has a fifty-two week low of $2.02 and a fifty-two week high of $31.60. The company has a current ratio of 11.38, a quick ratio of 11.38 and a debt-to-equity ratio of 0.01.

Embark Technology Company Profile

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Embark Technology, Inc develops self-driving software solutions for the trucking industry in the United States. Its solutions include Embark Driver, an autonomous trucking software; Embark Universal Interface, an interoperable self-driving stack that works across truck OEM platforms; and Embark Guardian, a cloud-based autonomous fleet management solution that gives carriers control over air updates, remote vehicle monitoring, remote vehicle assist, dispatching and access to real time data, such as weather and construction.

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