Ambarella (NASDAQ:AMBA) CFO John Alexander Young Sells 5,033 Shares

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 5,033 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.54, for a total transaction of $339,928.82. Following the transaction, the chief financial officer owned 112,590 shares of the company’s stock, valued at $7,604,328.60. This trade represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Alexander Young also recently made the following trade(s):

• On Tuesday, May 26th, John Alexander Young sold 400 shares of Ambarella stock. The stock was sold at an average price of $96.00, for a total value of $38,400.00.
• On Tuesday, April 21st, John Alexander Young sold 1,971 shares of Ambarella stock. The stock was sold at an average price of $60.00, for a total value of $118,260.00.

Ambarella Stock Up 6.2%

NASDAQ:AMBA traded up $4.09 during trading hours on Thursday, hitting $69.97. 2,098,155 shares of the company’s stock traded hands, compared to its average volume of 1,076,372. Ambarella, Inc. has a 52 week low of $48.30 and a 52 week high of $96.69. The business’s fifty day simple moving average is $70.22 and its two-hundred day simple moving average is $66.71. The firm has a market cap of $3.07 billion, a P/E ratio of -43.46 and a beta of 2.15.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $100.36 million for the quarter, compared to analyst estimates of $100.12 million. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The company’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 EPS. On average, analysts expect that Ambarella, Inc. will post -1.13 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on AMBA. Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Northland Securities set a $101.00 target price on shares of Ambarella in a research note on Wednesday. Susquehanna lifted their target price on shares of Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research report on Friday, May 29th. Rosenblatt Securities reissued a “buy” rating and issued a $115.00 price target on shares of Ambarella in a research note on Tuesday, May 26th. Finally, Bank of America increased their price target on shares of Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $100.50.

Institutional Investors Weigh In On Ambarella

Hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC boosted its holdings in shares of Ambarella by 90.1% in the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 228 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Ambarella by 362.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 326 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Ambarella during the 1st quarter valued at about $30,000. Advisory Services Network LLC bought a new stake in Ambarella in the 3rd quarter worth approximately $33,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Ambarella by 162.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock worth $37,000 after buying an additional 325 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Company Profile

Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.

Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.