Ambarella Inc. (AMBA) VP Sells $95,511.90 in Stock
Ambarella Inc. (NASDAQ:AMBA) VP Christopher Day sold 1,405 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $67.98, for a total value of $95,511.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Christopher Day also recently made the following trade(s):
- On Thursday, June 30th, Christopher Day sold 1,173 shares of Ambarella stock. The shares were sold at an average price of $50.85, for a total value of $59,647.05.
Ambarella Inc. (NASDAQ:AMBA) opened at 66.21 on Wednesday. The company has a market capitalization of $2.17 billion, a PE ratio of 49.86 and a beta of 1.49. The firm’s 50 day moving average price is $65.54 and its 200-day moving average price is $50.81. Ambarella Inc. has a 12-month low of $33.39 and a 12-month high of $72.99.
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Ambarella (NASDAQ:AMBA) last issued its quarterly earnings results on Thursday, September 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.16. The firm earned $65.10 million during the quarter, compared to the consensus estimate of $64.02 million. Ambarella had a return on equity of 14.23% and a net margin of 15.86%. The company’s revenue for the quarter was down 22.7% on a year-over-year basis. During the same quarter last year, the company posted $0.88 EPS. On average, equities analysts anticipate that Ambarella Inc. will post $2.64 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the company. Deutsche Bank AG reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Ambarella in a research note on Friday, September 16th. Vetr raised Ambarella from a “sell” rating to a “hold” rating and set a $62.36 price objective for the company in a research note on Monday, September 12th. Zacks Investment Research raised Ambarella from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective for the company in a research note on Thursday, September 8th. FBN Securities reaffirmed an “outperform” rating and issued a $80.00 price objective (up previously from $60.00) on shares of Ambarella in a research note on Tuesday, September 6th. Finally, Canaccord Genuity upped their price objective on Ambarella from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, September 6th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Ambarella presently has an average rating of “Buy” and an average target price of $68.26.
Several hedge funds have recently modified their holdings of the stock. Creative Planning increased its stake in shares of Ambarella by 38.7% in the second quarter. Creative Planning now owns 11,081 shares of the company’s stock worth $563,000 after buying an additional 3,091 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Ambarella by 161.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,615 shares of the company’s stock worth $133,000 after buying an additional 1,615 shares in the last quarter. Curbstone Financial Management Corp purchased a new position in shares of Ambarella during the second quarter worth $421,000. Squarepoint Ops LLC boosted its position in shares of Ambarella by 941.3% in the first quarter. Squarepoint Ops LLC now owns 48,735 shares of the company’s stock worth $2,178,000 after buying an additional 44,055 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Ambarella by 48.2% in the first quarter. Royal Bank of Canada now owns 7,326 shares of the company’s stock worth $328,000 after buying an additional 2,384 shares in the last quarter. Hedge funds and other institutional investors own 51.33% of the company’s stock.
Ambarella Company Profile
Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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