Ambarella Insider Unloads $640,000 in Stock (AMBA)
Ambarella (NASDAQ:AMBA) Insider Leslie Kohn unloaded 20,000 shares of Ambarella stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $32.00, for a total transaction of $640,000.00. Following the sale, the insider now directly owns 864,591 shares in the company, valued at approximately $27,666,912. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Ambarella (NASDAQ:AMBA) remained flat at $33.07 during trading on Tuesday. The stock had a trading volume of 1,445,622 shares. Ambarella has a 52 week low of $14.10 and a 52 week high of $36.49. The stock’s 50-day moving average is $29.95 and its 200-day moving average is $28.46. The company has a market cap of $966.4 million and a price-to-earnings ratio of 38.81.
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. Analysts expect that Ambarella will post $1.17 EPS for the current fiscal year.
Separately, 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.71.
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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