What Might Have Propelled These Companies’ Insiders To Unload Their Holdings?

Ambarella Inc. (NASDAQ:AMBA) also saw large insider selling activity during September, as three insiders sold shares last month. Christopher Day, Vice President of Marketing and Business Development, sold 1,010 shares at a price of $58.16 per share on September 30. Following the recent sale, the executive currently holds a stake of 8,445 shares. The insider selling activity for the month amounted to an aggregate 13,079 shares, and some of the insiders sold shares at the right time considering that Ambarella’s stock has lost nearly 20% over the past month. The shares of the video chip maker had a great run in the first half of the year, when they returned more than 100%. However, the stock has embarked on a strong downtrend since late-July, which does not seem to have found an end yet. The disappointing stock performance is mainly attributable to the anticipated slowdown in wearable camera sales, while the recent corporate insiders’ selloffs are fueling worries around Ambarella’s future prospects. Ricky Sandler’s Eminence Capital disclosed owning 500,000 shares of Ambarella Inc. (NASDAQ:AMBA) via its latest 13F filing.

Lastly, real estate investment trust Regency Centers Corp. (NYSE:REG) saw one of its directors offload shares this week. Dan M. Chandler, III, who has been Managing Director of West at Regency Centers since 2009, reported selling 1,500 shares at a weighted average price of $62.05, all of which were held by a trust fund. Following the transaction, the trust for which the director is co-trustee and beneficiary owns 19,082 shares. Just recently, Regency Centers, a national owner and operator of grocery-anchored shopping centers, acquired a 180,000 square-foot center, University Commons, for $80.5 million. The management of Regency Centers believes that the acquisition has strong fundamental retail drivers, which makes it a very worthwhile investment for the REIT. These fundamental drivers include its vicinity to a large mall, its location in a highly-crowded market, and its proximity to a university campus. The shares of Regency have had their ups-and-downs throughout 2015, and currently stand at slightly over 1% in the red year-to-date. Israel Englander’s Millennium Management is by far the largest shareholder of Regency Centers Corp. (NYSE:REG) within our database, holding 706,000 shares as of June 30.

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