Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day Sells 1,408 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 1,408 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $61.66, for a total value of $86,817.28. Following the completion of the transaction, the vice president now directly owns 21,599 shares of the company’s stock, valued at approximately $1,331,794.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ambarella Trading Up 1.5 %

Shares of AMBA stock opened at $60.42 on Thursday. Ambarella, Inc. has a 1-year low of $40.31 and a 1-year high of $84.86. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -14.18 and a beta of 1.59. The stock has a 50-day moving average of $52.96 and a 200-day moving average of $52.86.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, May 30th. The semiconductor company reported ($0.89) EPS for the quarter, beating analysts’ consensus estimates of ($0.98) by $0.09. Ambarella had a negative net margin of 78.36% and a negative return on equity of 24.86%. The business had revenue of $54.47 million for the quarter, compared to analysts’ expectations of $54.04 million. Sell-side analysts forecast that Ambarella, Inc. will post -3.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMBA. Morgan Stanley upped their price target on shares of Ambarella from $57.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. StockNews.com upgraded Ambarella to a “sell” rating in a research note on Friday, April 26th. Wells Fargo & Company reduced their price objective on Ambarella from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, May 31st. Bank of America reduced their price target on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 16th. Finally, Roth Mkm lowered their price objective on shares of Ambarella from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $69.75.

Institutional Investors Weigh In On Ambarella

Several large investors have recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 304 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Ambarella during the 4th quarter worth approximately $78,000. Daiwa Securities Group Inc. raised its stake in shares of Ambarella by 36.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 381 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Ambarella by 13,576.9% in the first quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 1,765 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Ambarella in the first quarter valued at approximately $205,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Company Profile

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