Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 900,156 Shares of Embark Technology, Inc. (NASDAQ:EMBK)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its stake in Embark Technology, Inc. (NASDAQ:EMBK – Get Rating) by 95.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 47,376 shares of the company’s stock after selling 900,156 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Embark Technology were worth $352,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EMBK. State Street Corp raised its stake in Embark Technology by 141.7% in the second quarter. State Street Corp now owns 2,468,621 shares of the company’s stock worth $1,247,000 after buying an additional 1,447,156 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Embark Technology during the second quarter valued at approximately $565,000. Cubist Systematic Strategies LLC bought a new position in shares of Embark Technology during the second quarter valued at approximately $498,000. Millennium Management LLC increased its stake in shares of Embark Technology by 71.8% during the second quarter. Millennium Management LLC now owns 1,654,254 shares of the company’s stock valued at $836,000 after purchasing an additional 691,172 shares in the last quarter. Finally, Swiss National Bank bought a new position in shares of Embark Technology during the second quarter valued at approximately $194,000. 51.56% of the stock is owned by institutional investors.

Embark Technology Price Performance

Shares of NASDAQ EMBK opened at $3.92 on Monday. Embark Technology, Inc. has a fifty-two week low of $2.02 and a fifty-two week high of $134.40. The company has a 50 day simple moving average of $3.57 and a two-hundred day simple moving average of $8.66. The company has a market capitalization of $91.81 million, a price-to-earnings ratio of -0.51 and a beta of 1.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 12.75 and a current ratio of 12.75.

Embark Technology (NASDAQ:EMBK – Get Rating) last announced its earnings results on Tuesday, November 8th. The company reported ($1.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.20) by ($0.33). Analysts expect that Embark Technology, Inc. will post -6.6 EPS for the current fiscal year.

About Embark Technology

(Get Rating)

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.