Insider Selling: Ambarella (NASDAQ:AMBA) CFO Sells $339,928.82 in Stock

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 5,033 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.54, for a total value of $339,928.82. Following the completion of the sale, the chief financial officer directly owned 112,590 shares in the company, valued at approximately $7,604,328.60. This represents a 4.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Alexander Young also recently made the following trade(s):

• On Tuesday, May 26th, John Alexander Young sold 400 shares of Ambarella stock. The shares were sold at an average price of $96.00, for a total value of $38,400.00.
• On Tuesday, April 21st, John Alexander Young sold 1,971 shares of Ambarella stock. The stock was sold at an average price of $60.00, for a total value of $118,260.00.

Ambarella Stock Performance

Ambarella stock opened at $69.97 on Friday. Ambarella, Inc. has a 52 week low of $48.30 and a 52 week high of $96.69. The stock has a market capitalization of $3.07 billion, a P/E ratio of -43.46 and a beta of 2.15. The stock has a fifty day moving average of $70.93 and a 200-day moving average of $66.70.

Ambarella (NASDAQ:AMBA) last released its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The business had revenue of $100.36 million for the quarter, compared to analyst estimates of $100.12 million. During the same period last year, the firm posted $0.07 earnings per share. Ambarella’s revenue was up 16.9% compared to the same quarter last year. On average, research analysts forecast that Ambarella, Inc. will post -1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMBA. Summit Insights downgraded shares of Ambarella from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Bank of America upped their price objective on shares of Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Northland Securities set a $101.00 target price on shares of Ambarella in a research report on Wednesday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 target price on shares of Ambarella in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ambarella currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.50.

Institutional Trading of Ambarella

Hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in Ambarella by 2,312.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 864,610 shares of the semiconductor company’s stock worth $61,250,000 after acquiring an additional 828,773 shares during the last quarter. UBS Group AG increased its position in Ambarella by 379.3% in the 3rd quarter. UBS Group AG now owns 821,747 shares of the semiconductor company’s stock valued at $67,811,000 after acquiring an additional 650,306 shares during the period. Squarepoint Ops LLC bought a new position in shares of Ambarella during the second quarter valued at $36,810,000. The Manufacturers Life Insurance Company raised its stake in shares of Ambarella by 49.5% during the first quarter. The Manufacturers Life Insurance Company now owns 1,586,082 shares of the semiconductor company’s stock valued at $81,644,000 after acquiring an additional 524,937 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Ambarella by 121.7% during the third quarter. Barclays PLC now owns 775,113 shares of the semiconductor company’s stock worth $63,962,000 after purchasing an additional 425,546 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

About Ambarella

Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.

Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.