Ambarella Inc. (AMBA) Insider Leslie Kohn Sells 5,489 Shares
Ambarella Inc. (NASDAQ:AMBA) insider Leslie Kohn sold 5,489 shares of the firm’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $67.98, for a total value of $373,142.22. Following the transaction, the insider now directly owns 896,726 shares in the company, valued at $60,959,433.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Ambarella Inc. (NASDAQ:AMBA) opened at 66.21 on Wednesday. The stock has a market capitalization of $2.17 billion, a P/E ratio of 49.86 and a beta of 1.49. Ambarella Inc. has a 52 week low of $33.39 and a 52 week high of $72.99. The company has a 50-day moving average price of $65.54 and a 200 day moving average price of $50.81.
Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.16. Ambarella had a return on equity of 14.23% and a net margin of 15.86%. The firm earned $65.10 million during the quarter, compared to the consensus estimate of $64.02 million. During the same quarter in the previous year, the company posted $0.88 EPS. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year. Analysts forecast that Ambarella Inc. will post $2.64 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of AMBA. Norges Bank acquired a new position in shares of Ambarella during the fourth quarter valued at about $8,585,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Ambarella during the first quarter valued at about $587,000. IFP Advisors Inc increased its position in shares of Ambarella by 28.5% in the first quarter. IFP Advisors Inc now owns 7,195 shares of the company’s stock valued at $322,000 after buying an additional 1,596 shares during the last quarter. Credit Agricole S A increased its position in shares of Ambarella by 42.9% in the first quarter. Credit Agricole S A now owns 17,000 shares of the company’s stock valued at $760,000 after buying an additional 5,100 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Ambarella by 80.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 14,250 shares of the company’s stock valued at $637,000 after buying an additional 6,350 shares during the last quarter. Hedge funds and other institutional investors own 51.33% of the company’s stock.
Several research analysts recently weighed in on AMBA shares. Canaccord Genuity raised their target price on Ambarella from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. Morgan Stanley reaffirmed a “buy” rating and set a $78.00 target price on shares of Ambarella in a research note on Friday, September 2nd. Pacific Crest reaffirmed a “buy” rating on shares of Ambarella in a research note on Friday, September 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Ambarella in a research note on Friday, September 2nd. Finally, KeyCorp raised their target price on Ambarella from $53.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, August 30th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Ambarella has an average rating of “Buy” and an average target price of $68.26.
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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