Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) COO Sells 1,490 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,490 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $79,774.60. Following the sale, the chief operating officer now directly owns 121,406 shares of the company’s stock, valued at approximately $6,500,077.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ambarella Stock Performance

AMBA traded up $1.88 during trading on Thursday, reaching $55.77. 443,451 shares of the company’s stock were exchanged, compared to its average volume of 622,446. The company’s fifty day moving average price is $52.34 and its 200-day moving average price is $51.51. The firm has a market capitalization of $2.29 billion, a PE ratio of -13.02 and a beta of 1.63. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $65.88.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The business had revenue of $63.70 million during the quarter, compared to the consensus estimate of $62.10 million. During the same quarter in the prior year, the company posted ($0.76) earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Research analysts forecast that Ambarella, Inc. will post -2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Westpark Capital reaffirmed a “buy” rating and set a $85.00 price target on shares of Ambarella in a report on Monday, August 26th. Rosenblatt Securities restated a “buy” rating and issued a $85.00 target price on shares of Ambarella in a research note on Friday, August 23rd. Roth Mkm reiterated a “neutral” rating and set a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Wells Fargo & Company decreased their price objective on shares of Ambarella from $65.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, May 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Ambarella in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $75.00.

Institutional Trading of Ambarella

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in Ambarella by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 299,062 shares of the semiconductor company’s stock valued at $18,330,000 after purchasing an additional 4,593 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Ambarella by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 704,350 shares of the semiconductor company’s stock valued at $43,171,000 after buying an additional 29,379 shares during the period. Norges Bank acquired a new position in shares of Ambarella in the 4th quarter valued at $23,495,000. Trexquant Investment LP bought a new stake in shares of Ambarella in the 4th quarter valued at $3,176,000. Finally, Edmond DE Rothschild Holding S.A. raised its stake in Ambarella by 1,181.7% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 10,920 shares of the semiconductor company’s stock worth $669,000 after buying an additional 10,068 shares during the period. 82.09% of the stock is owned by institutional investors.

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.