Insider Selling: Christopher Day Sells 1,365 Shares of Ambarella Stock (AMBA)
Ambarella (NASDAQ:AMBA) VP Christopher Day sold 1,365 shares of the stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $26.55, for a total value of $36,240.75. Following the transaction, the vice president now directly owns 35,007 shares in the company, valued at approximately $929,436. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Ambarella (NASDAQ:AMBA) opened at 29.21 on Friday. Ambarella has a 1-year low of $13.16 and a 1-year high of $36.49. The stock’s 50-day moving average is $25.3 and its 200-day moving average is $28.06. The company has a market cap of $853.6 million and a P/E ratio of 34.28.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.04. The company had revenue of $40.90 million for the quarter, compared to the consensus estimate of $40.00 million. During the same quarter last year, the company posted $0.21 earnings per share. Ambarella’s revenue was up 20.6% compared to the same quarter last year. On average, analysts predict that Ambarella will post $1.17 earnings per share for the current fiscal year.
A number of research firms have recently commented on AMBA. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Ambarella in a research note on Wednesday, June 4th. They now have a $27.00 price target on the stock, down previously from $32.00. Separately, analysts at Ascendiant Capital Markets initiated coverage on shares of Ambarella in a research note on Monday, May 19th. They set a “buy” rating and a $30.00 price target on the stock. Finally, analysts at Dougherty & Co upgraded shares of Ambarella from a “neutral” rating to a “buy” rating in a research note on Thursday, April 10th. They now have a $35.00 price target on the stock. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.85.
Ambarella, Inc is a developer of semiconductor processing solutions for video that enable high-definition (NASDAQ:AMBA), video capture, sharing and display.
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