Embark Technology, Inc. develops self-driving software solutions for the trucking industry in the United States. Its solutions include Embark Driver, a sensor-first automated driving software for trucks; 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 dispatching and management of autonomous fleet operations. The company was founded in 2016 and is headquartered in San Francisco, California.
IPO Year:
Exchange: NASDAQ
Website: embarktrucks.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/26/2022 | $20.00 | Buy | Vertical Research |
| 1/11/2022 | Sector Weight | Keybanc | |
| 12/16/2021 | $12.00 | Outperform | Robert W. Baird |
| 12/7/2021 | $11.00 | Buy | Citigroup |
— Embark Coverage Map Expands to Launch Coast-to-Coast Autonomous Trucking Network — — Embark Completes Reverse Stock Split at a Ratio of 1-for-20 — — Embark Appoints Penny Herscher as Independent Board Chairperson — SAN FRANCISCO, Calif., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Embark Technology, Inc. (NASDAQ:EMBK) ("Embark"), a leading developer of autonomous technology for the trucking industry, today announced financial results for the quarter ended September 30, 2022 and provided a business update. "We are proud of the consistent expansion of the Embark Coverage Map culminating with the recent launch of the Coast-to-Coast backbone covering nine transfer point sites and opening 9.5B mile
SAN FRANCISCO, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Embark Technology, Inc. (NASDAQ:EMBK) ("Embark"), a leading developer of autonomous technology for the trucking industry, will announce its third quarter financial results for the period ended September 30, 2022, on Tuesday, November 8, 2022, before the market opens. Embark will host an earnings call at 5:30am PST/8:30am EST. A live webcast of the call and the replay will be available on the Embark website at https://investors.embarktrucks.com. To participate via telephone: Toll-Free:1-877-407-9208International:1-201-493-6784Conference ID:13730959 Replay of the call: Toll-Free:1-844-512-2921International:1-412-317-6671Conference ID:137
— Embark Has Perfect Safety Record In NHTSA ADS Crash Data Release — — Embark Completes Successful Public Demonstration of Emergency Vehicle Interaction Capability — — Embark Revises 2022 Free Cash Flow Spend on Process Improvements and Efficiencies and Extends Operational Runway— SAN FRANCISCO, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Embark Technology, Inc. (NASDAQ:EMBK) ("Embark"), a leading developer of autonomous technology for the trucking industry, today announced financial results for the quarter ended June 30, 2022 and provided a business update. "I am pleased with the inaugural NHTSA ADS crash data release which reflects Embark's perfect safety record," said Alex Rodrigues,
SAN FRANCISCO, July 15, 2022 (GLOBE NEWSWIRE) -- Embark Technology, Inc. (NASDAQ:EMBK) ("Embark"), a leading developer of autonomous technology for the trucking industry, will announce its second quarter financial results for the period ended June 30, 2022, on Thursday, August 11, 2022, after close of market. The Company will host an earnings call at 1:30pm PDT/4:30pm EDT. A live webcast of the call and the replay will be available on the Embark website at https://investors.embarktrucks.com. To participate via telephone: Toll-Free:1-844-826-3033 International:1-412-317-5185 Conference ID:10169282 Replay of the call: Toll-Free:1-844-512-2921 International:1-412-317-6671 Conferen
– Embark Commenced 24-Hour a Day Testing in Texas – – Embark Released Promising Snow Testing Results – – Embark Coverage Map Progressed with Partners Ryder and U.S. Xpress – SAN FRANCISCO, May 10, 2022 (GLOBE NEWSWIRE) -- Embark Technology, Inc. (NASDAQ:EMBK) ("Embark"), a leading developer of autonomous technology for the trucking industry, today announced financial results for the quarter ended March 31, 2022 and provided a business update. "We continue to make steady progress on our mission to create a safer, more efficient, and more sustainable trucking industry," said Alex Rodrigues, CEO of Embark. "As the industry's longest-running autonomous truck program, we continued t
SAN FRANCISCO, April 26, 2022 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. (NASDAQ:EMBK) ("Embark"), a leading developer of autonomous technology for the trucking industry, will announce its first quarter financial results on Tuesday, May 10, 2022, after close of market. The Company will host an earnings call at 2:00pm PDT/5:00pm EDT. A live webcast of the call and the replay will be available on the Embark website at https://investors.embarktrucks.com. To participate via telephone: Toll-Free: 1-877-300-8521International: 1-412-317-6026Conference ID: 10166443 Replay of the call: Toll-Free: 1-844-512-2921International: 1-412-317-6671Conference ID: 10166443Start Date: May 10, 2022 5:00pm PDTEnd
– Embark Successfully Completed Public Listing in November – – Embark Secures 14,200 Truck Reservations Under Partner Development Program – – Embark to Enable First Autonomous Trucks for Knight-Swift in 2022 as Part of Industry-First Truck Transfer Program – SAN FRANCISCO, March 17, 2022 (GLOBE NEWSWIRE) -- Embark Technology, Inc. (NASDAQ:EMBK, "Embark" or the "Company"))), a leading developer of autonomous technology for the trucking industry, today announced financial results for its fourth quarter ended December 31, 2021. "The past year has been momentous for Embark as we continued executing on our mission to create a safer, more efficient, and more sustainable trucking industry," s
SAN FRANCISCO, March 10, 2022 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. ("Embark" or the "Company"), a leading developer of autonomous technology for the trucking industry, previously announced that it will release its financial results for the fourth quarter 2021 after market close on March 17, 2021. In order to best accommodate analysts' and investors' ability to participate in the Company's and other transportation companies' conference calls, Embark will now host its fourth quarter 2021 earnings conference call on March 17, 2022 at 4:30 p.m. (Eastern Time). Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations s
SAN FRANCISCO, March 03, 2022 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. ("Embark" or the "Company"), a leading developer of autonomous technology for the trucking industry, today announced that the Company will release its fourth quarter 2021 results after market close on Thursday, March 17, 2022, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company's website at https://investors.embarktrucks.com/. The conference call can be accessed live over the phone by dialing 1-877-407-9208 (domestic) or + 1-201-493-6784 (i
SAN FRANCISCO, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. ("Embark"), a leading developer of autonomous technology for the trucking industry, is pleased to announce the hiring of Simina Simion as Chief People Officer. Simion joins Embark to lead its People and Culture teams as the company advances toward commercialization and continues to hire industry-leading talent. "Hiring the right people and building a strong company culture is my passion," said Simina Simion, Chief People Officer at Embark Trucks. "As the labor market evolves, we'll continue to attract the right technical experts to advance our commercialization goals. Embark is solving a critical and complex problem, and
SAN FRANCISCO, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. (NASDAQ:EMBK, "Embark"))), a leading developer of autonomous technology for the trucking industry, today announced the appointment of Penny Herscher as independent chair of its board of directors and chair of its compensation committee. "Penny is a seasoned public company chair and has had a successful career in a variety of executive leadership positions – helping companies scale even during global economic challenges," said Alex Rodrigues, Co-Founder and CEO. "We are grateful to have Penny on our team as chair of the Embark board. I look forward to working with her as we focus on delivering increasing value for our sh
SAN FRANCISCO, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. (NASDAQ:EMBK, "Embark"))), a leading developer of autonomous technology for the trucking industry, today announced the appointment of Stephen Houghton as Chief Operating Officer, as Embark continues to forge partnerships with the nation's biggest trucking companies and expands operations into new states. As COO, Stephen will leverage his extensive experience as an autonomous vehicle executive to guide Embark through rapid hiring, establish rigorous business operations, and oversee Embark's growth in new markets including Texas as Embark scales up in preparation for commercial deployment of the Embark Driver in 2024. Step
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Vertical Research initiated coverage of Embark Technology with a rating of Buy and set a new price target of $20.00
Keybanc initiated coverage of Embark Technology with a rating of Sector Weight
Robert W. Baird initiated coverage of Embark Technology with a rating of Outperform and set a new price target of $12.00
Citigroup initiated coverage of Embark Technology with a rating of Buy and set a new price target of $11.00
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NEW YORK, June 03, 2023 (GLOBE NEWSWIRE) -- GreenLight Biosciences Holdings, PBC (NASDAQ:GRNA) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of GRNA to a group of buyers led by Fall Line Capital, LLC for $0.30 per share in cash. If you are a GRNA investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. Arlington Asset Investment Corp. (NYSE:AAIC) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connect
MOUNTAIN VIEW, Calif., May 25, 2023 /PRNewswire/ -- Applied Intuition, Inc., a tooling and software provider for autonomous vehicle development, and Embark Technology, Inc. (NASDAQ:EMBK), an autonomous trucking software company, today announced that the companies have entered into a definitive merger agreement. Under the agreement, Applied will acquire Embark in an all-cash transaction with an equity value of approximately $71 million. Founded in 2016, Embark has built a robust autonomous software stack that uses machine learning methodologies for perception while relying on a safety-redundant compute system. Embark also developed a custom-built hardware platform optimized for autonomy and h
SAN FRANCISCO, Jan. 27, 2023 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. ("Embark"), a leading developer of autonomous technology for the trucking industry, is pleased to announce the hiring of Simina Simion as Chief People Officer. Simion joins Embark to lead its People and Culture teams as the company advances toward commercialization and continues to hire industry-leading talent. "Hiring the right people and building a strong company culture is my passion," said Simina Simion, Chief People Officer at Embark Trucks. "As the labor market evolves, we'll continue to attract the right technical experts to advance our commercialization goals. Embark is solving a critical and complex problem, and
SAN FRANCISCO, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. ("Embark"), a leading developer of autonomous technology for the trucking industry, and Knight-Swift Transportation Holdings Inc. (NYSE:KNX, "Knight-Swift"))), one of North America's largest and most diversified freight transportation companies, have announced that Embark has initiated handover of the first Embark-powered truck as part of the Truck Transfer Program ("TTP"). TTP marks the first public initiative where a carrier will directly own and operate a truck with select features of Embark's automated driving software, allowing Embark to gain valuable insight from having its system components operating in a carrier c
— Embark Coverage Map Expands to Launch Coast-to-Coast Autonomous Trucking Network — — Embark Completes Reverse Stock Split at a Ratio of 1-for-20 — — Embark Appoints Penny Herscher as Independent Board Chairperson — SAN FRANCISCO, Calif., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Embark Technology, Inc. (NASDAQ:EMBK) ("Embark"), a leading developer of autonomous technology for the trucking industry, today announced financial results for the quarter ended September 30, 2022 and provided a business update. "We are proud of the consistent expansion of the Embark Coverage Map culminating with the recent launch of the Coast-to-Coast backbone covering nine transfer point sites and opening 9.5B mile
SAN FRANCISCO, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. (NASDAQ:EMBK, "Embark"))), a leading developer of autonomous technology for the trucking industry, today announced the launch of the coast-to-coast backbone of the Embark Coverage Map, preparing key Sunbelt markets to be served by Embark fleet partners. The Coverage Map includes nine transfer point sites in cities across the Sunbelt, including new locations in Dallas, El Paso, Atlanta, and Jacksonville, to accommodate planned autonomous freight volume in key markets and provide anticipated operational support for carriers and shippers using Embark-powered trucks. Embark secured optimized real estate sites and support serv
ESCONDIDO, Calif., Oct. 24, 2022 (GLOBE NEWSWIRE) -- One Stop Systems, Inc. (NASDAQ:OSS), a leader in AI Transportable solutions on the edge, has secured two new autonomous truck program wins with Embark Trucks, Inc. (NASDAQ:EMBK), a leading developer of autonomous technology for the trucking industry. The two wins include one for OSS' Centauri rugged PCIe storage expansion system and another for OSS' next-generation optimized autonomous truck 3U SDS rugged accelerated computing server, 3U SDS-AT. The new wins involve equipping trucks from Embark's test fleet with the highest-performance ruggedized compute and transportable storage capabilities. Embark is expected to be a top 10 account
SAN FRANCISCO, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Embark Technology, Inc. (NASDAQ:EMBK) ("Embark"), a leading developer of autonomous technology for the trucking industry, will announce its third quarter financial results for the period ended September 30, 2022, on Tuesday, November 8, 2022, before the market opens. Embark will host an earnings call at 5:30am PST/8:30am EST. A live webcast of the call and the replay will be available on the Embark website at https://investors.embarktrucks.com. To participate via telephone: Toll-Free:1-877-407-9208International:1-201-493-6784Conference ID:13730959 Replay of the call: Toll-Free:1-844-512-2921International:1-412-317-6671Conference ID:137
Gabelli Funds, LLC, will host the 46th Annual Auto Symposium at the Waldorf Astoria in Las Vegas beginning on October 31, 2022. This two-day symposium will feature presentations by senior management of leading automotive companies, with a lineup that runs the cradle-to-grave life cycle within the automotive ecosystem. The symposium will have original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies including those with exposure to electric vehicles. Investors should contact their relationship person for more information or use the links below to register. Presenting Firms Day 1 Day 2 Automotive Aftermarket Su
SAN FRANCISCO, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Embark Trucks, Inc. (NASDAQ:EMBK, "Embark"))), a leading developer of autonomous technology for the trucking industry, today announced the appointment of Penny Herscher as independent chair of its board of directors and chair of its compensation committee. "Penny is a seasoned public company chair and has had a successful career in a variety of executive leadership positions – helping companies scale even during global economic challenges," said Alex Rodrigues, Co-Founder and CEO. "We are grateful to have Penny on our team as chair of the Embark board. I look forward to working with her as we focus on delivering increasing value for our sh
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Embark Technology's (NASDAQ:EMBK) short percent of float has fallen 8.5% since its last report. The company recently reported that it has 815 thousand shares sold short, which is 6.24% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.5 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte
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Baird analyst Ben Kallo downgrades Embark Technology (NASDAQ:EMBK) from Outperform to Neutral and lowers the price target from $15 to $3.