Key Points
- CFO John Alexander Young sold 1,971 shares at $60.00 on April 21 for $118,260 under a pre-arranged Rule 10b5-1 plan, reducing his stake by about 1.65% to 117,623 shares (≈$7.06M).
- Young conducted additional sales earlier this quarter — 3,038 shares on March 19 at $54.14 and 4,577 shares on March 17 at $52.77 — indicating continued insider selling activity.
- Ambarella recently beat quarterly EPS and revenue expectations (EPS $0.13 vs. $0.10; revenue $100.87M, +20.1% y/y) but remains unprofitable, and analysts hold a consensus "Moderate Buy" rating with a $96 price target.
Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CFO John Alexander Young sold 1,971 shares of the company's stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $60.00, for a total transaction of $118,260.00. Following the transaction, the chief financial officer owned 117,623 shares of the company's stock, valued at approximately $7,057,380. This represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Alexander Young also recently made the following trade(s):
- On Thursday, March 19th, John Alexander Young sold 3,038 shares of Ambarella stock. The stock was sold at an average price of $54.14, for a total transaction of $164,477.32.
- On Tuesday, March 17th, John Alexander Young sold 4,577 shares of Ambarella stock. The stock was sold at an average price of $52.77, for a total transaction of $241,528.29.
Ambarella Price Performance
NASDAQ AMBA opened at $61.28 on Thursday. The stock has a market capitalization of $2.68 billion, a PE ratio of -34.43 and a beta of 2.01. The business has a 50 day simple moving average of $57.31 and a two-hundred day simple moving average of $69.58. Ambarella, Inc. has a 1-year low of $42.97 and a 1-year high of $96.69.
Ambarella (NASDAQ:AMBA - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $100.87 million during the quarter, compared to analysts' expectations of $100.17 million. Ambarella had a negative return on equity of 12.16% and a negative net margin of 19.42%.The firm's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. On average, analysts anticipate that Ambarella, Inc. will post -1.27 EPS for the current fiscal year.
Analyst Ratings Changes
Several research firms have weighed in on AMBA. Consumer Edge restated a "buy" rating on shares of Ambarella in a report on Tuesday, February 24th. Rosenblatt Securities restated a "buy" rating and set a $115.00 price target on shares of Ambarella in a report on Monday, March 23rd. Weiss Ratings restated a "sell (d-)" rating on shares of Ambarella in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Ambarella from a "buy" rating to a "hold" rating in a report on Saturday, December 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $96.00.
Get Our Latest Report on Ambarella
Institutional Trading of Ambarella
Institutional investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Ambarella by 290.4% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,428 shares of the semiconductor company's stock worth $4,821,000 after buying an additional 43,461 shares during the last quarter. AIGH Capital Management LLC bought a new stake in Ambarella in the third quarter worth $4,126,000. Exchange Traded Concepts LLC lifted its position in Ambarella by 30.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 353,101 shares of the semiconductor company's stock worth $25,014,000 after buying an additional 81,668 shares during the last quarter. SG Capital Management LLC lifted its position in Ambarella by 23.0% in the third quarter. SG Capital Management LLC now owns 232,713 shares of the semiconductor company's stock worth $19,203,000 after buying an additional 43,492 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in Ambarella by 537.3% in the third quarter. Handelsbanken Fonder AB now owns 169,775 shares of the semiconductor company's stock worth $14,010,000 after buying an additional 143,136 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors.
About Ambarella
(
Get Free Report)
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.
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