Insider Selling: Ambarella Inc (NASDAQ:AMBA) Director Sells 214 Shares of Stock

Ambarella Inc (NASDAQ:AMBA) Director Teresa H. Meng sold 214 shares of Ambarella stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $65.00, for a total value of $13,910.00. Following the sale, the director now owns 3,936 shares of the company’s stock, valued at approximately $255,840. The transaction was disclosed in a document filed with the SEC, which is available at this link.

AMBA traded down $0.34 during midday trading on Friday, hitting $62.42. The company’s stock had a trading volume of 474,866 shares, compared to its average volume of 652,466. The company has a current ratio of 8.81, a quick ratio of 8.42 and a debt-to-equity ratio of 0.02. The firm has a market cap of $2.17 billion, a P/E ratio of -56.23 and a beta of 1.23. The firm has a 50-day moving average price of $57.19 and a two-hundred day moving average price of $53.66. Ambarella Inc has a 52-week low of $34.84 and a 52-week high of $67.15.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Monday, November 25th. The semiconductor company reported $0.32 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.54. The company had revenue of $67.90 million during the quarter, compared to analysts’ expectations of $65.00 million. Ambarella had a negative return on equity of 9.51% and a negative net margin of 16.33%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 EPS. On average, equities analysts expect that Ambarella Inc will post -1.02 EPS for the current year.

A number of analysts recently commented on AMBA shares. Stifel Nicolaus lifted their price objective on Ambarella from $54.00 to $55.00 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Bank of America lifted their price objective on Ambarella from $50.00 to $53.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 26th. Roth Capital reiterated a “hold” rating on shares of Ambarella in a research report on Tuesday, October 15th. Cowen set a $68.00 price objective on Ambarella and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Craig Hallum lifted their price objective on Ambarella from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $60.22.

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in Ambarella by 115.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 751 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 403 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Ambarella in the 2nd quarter valued at about $47,000. Point72 Asset Management L.P. purchased a new stake in Ambarella in the 3rd quarter valued at about $69,000. Captrust Financial Advisors purchased a new stake in Ambarella in the 2nd quarter valued at about $79,000. Finally, AdvisorNet Financial Inc grew its holdings in Ambarella by 800.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,800 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 1,600 shares during the period. Institutional investors own 75.52% of the company’s stock.

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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