Ambarella Inc (NASDAQ:AMBA) VP Sells $218,487.96 in Stock

Ambarella Inc (NASDAQ:AMBA) VP Christopher Day sold 3,478 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $62.82, for a total transaction of $218,487.96. Following the completion of the sale, the vice president now directly owns 8,305 shares in the company, valued at approximately $521,720.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Christopher Day also recently made the following trade(s):

  • On Monday, September 16th, Christopher Day sold 2,587 shares of Ambarella stock. The shares were sold at an average price of $64.90, for a total transaction of $167,896.30.
  • On Wednesday, September 4th, Christopher Day sold 405 shares of Ambarella stock. The shares were sold at an average price of $58.72, for a total transaction of $23,781.60.

AMBA opened at $57.60 on Friday. The firm’s 50-day simple moving average is $56.75 and its 200-day simple moving average is $48.03. The company has a quick ratio of 8.64, a current ratio of 9.01 and a debt-to-equity ratio of 0.01. Ambarella Inc has a twelve month low of $30.00 and a twelve month high of $67.15.



Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, August 29th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.05. Ambarella had a negative net margin of 19.38% and a negative return on equity of 10.82%. The business had revenue of $56.41 million for the quarter, compared to analyst estimates of $52.00 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was down 9.7% compared to the same quarter last year. Equities analysts expect that Ambarella Inc will post -1.13 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. lifted its position in Ambarella by 14.7% during the 2nd quarter. Macquarie Group Ltd. now owns 58,569 shares of the semiconductor company’s stock worth $2,585,000 after buying an additional 7,500 shares in the last quarter. Natixis lifted its position in Ambarella by 62.1% during the 2nd quarter. Natixis now owns 203,430 shares of the semiconductor company’s stock valued at $8,977,000 after purchasing an additional 77,904 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in Ambarella by 22.6% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,369 shares of the semiconductor company’s stock valued at $324,000 after purchasing an additional 1,358 shares during the period. Waddell & Reed Financial Inc. acquired a new position in Ambarella during the 2nd quarter valued at about $11,999,000. Finally, Nuveen Asset Management LLC acquired a new position in Ambarella during the 2nd quarter valued at about $5,484,000. Institutional investors and hedge funds own 73.86% of the company’s stock.

Several brokerages have issued reports on AMBA. Northland Securities set a $59.00 price target on shares of Ambarella and gave the company a “buy” rating in a report on Friday, August 30th. Cowen reissued an “overweight” rating on shares of Ambarella in a report on Tuesday, September 3rd. ValuEngine lowered shares of Ambarella from a “buy” rating to a “hold” rating in a report on Wednesday. Roth Capital upped their target price on shares of Ambarella from $45.00 to $55.00 in a report on Tuesday, September 3rd. Finally, Bank of America set a $50.00 target price on shares of Ambarella and gave the stock a “sell” rating in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $59.38.

Ambarella Company Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

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Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

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