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Insider Selling: Rambus (NASDAQ:RMBS) CEO Sells 5,426 Shares of Stock
Rambus (NASDAQ:RMBS) CEO Luc Seraphin sold 5,426 shares of company stock for over $470,000 on April 2nd, reducing his stake by 1.55%. This follows a larger sale of nearly 40,000 shares in March, suggesting a pattern of insider selling. Despite these sales, the company delivered quarterly EPS in line with estimates and analysts maintain a “Moderate Buy” rating with an average target price of $105.71.