Ambarella Inc. (AMBA) VP Christopher Day Sells 1,405 Shares of Stock
Ambarella Inc. (NASDAQ:AMBA) VP Christopher Day sold 1,405 shares of Ambarella stock in a transaction on Friday, September 16th. The stock was sold at an average price of $67.98, for a total transaction of $95,511.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Christopher Day also recently made the following trade(s):
- On Thursday, June 30th, Christopher Day sold 1,173 shares of Ambarella stock. The stock was sold at an average price of $50.85, for a total transaction of $59,647.05.
Shares of Ambarella Inc. (NASDAQ:AMBA) opened at 67.46 on Thursday. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 50.80 and a beta of 1.49. The stock’s 50 day moving average is $65.85 and its 200 day moving average is $50.93. Ambarella Inc. has a 12 month low of $33.39 and a 12 month high of $72.99.
Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, September 1st. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.16. The firm earned $65.10 million during the quarter, compared to analysts’ expectations of $64.02 million. Ambarella had a net margin of 15.86% and a return on equity of 14.23%. The company’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. Equities research analysts forecast that Ambarella Inc. will post $2.64 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on the stock. Morgan Stanley restated a “buy” rating and set a $55.00 price objective on shares of Ambarella in a report on Saturday, June 4th. Canaccord Genuity restated a “buy” rating and set a $65.00 price objective on shares of Ambarella in a report on Tuesday, May 31st. Zacks Investment Research downgraded shares of Ambarella from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Needham & Company LLC restated a “neutral” rating on shares of Ambarella in a report on Friday, June 3rd. Finally, Vetr downgraded shares of Ambarella from a “buy” rating to a “hold” rating and set a $68.62 price objective on the stock. in a report on Thursday, August 18th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $68.26.
A number of hedge funds have recently made changes to their positions in AMBA. BlackRock Fund Advisors boosted its stake in shares of Ambarella by 1.7% in the second quarter. BlackRock Fund Advisors now owns 758,368 shares of the company’s stock worth $38,533,000 after buying an additional 12,775 shares in the last quarter. Van Berkom & Associates Inc. purchased a new stake in shares of Ambarella during the second quarter worth approximately $36,083,000. State Street Corp boosted its stake in shares of Ambarella by 0.4% in the second quarter. State Street Corp now owns 497,409 shares of the company’s stock worth $25,272,000 after buying an additional 1,935 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Ambarella during the second quarter worth approximately $18,516,000. Finally, Rice Hall James & Associates LLC boosted its stake in shares of Ambarella by 47.1% in the second quarter. Rice Hall James & Associates LLC now owns 310,746 shares of the company’s stock worth $15,789,000 after buying an additional 99,502 shares in the last quarter. Hedge funds and other institutional investors own 51.33% of the company’s stock.
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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