Key Points
- Ambarella director Christopher Paisley sold 250 shares on June 26 at an average price of $62.01, totaling $15,502.50. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Despite the insider sale, Paisley still directly owns 41,029 shares valued at about $2.54 million, representing only a 0.61% decrease in his position.
- Ambarella recently reported quarterly EPS of $0.11, matching estimates, while revenue rose 16.9% year over year to $100.36 million. Wall Street currently has a Moderate Buy consensus with an average target price of $100.50.
Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) Director Christopher Paisley sold 250 shares of the firm's stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $62.01, for a total value of $15,502.50. Following the sale, the director directly owned 41,029 shares of the company's stock, valued at $2,544,208.29. This represents a 0.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ambarella Stock Performance
Shares of AMBA stock opened at $85.80 on Wednesday. The company has a market cap of $3.76 billion, a P/E ratio of -53.29 and a beta of 2.15. The stock has a 50 day simple moving average of $72.71 and a two-hundred day simple moving average of $66.38. Ambarella, Inc. has a fifty-two week low of $48.30 and a fifty-two week high of $96.69.
Ambarella (NASDAQ:AMBA - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. The firm had revenue of $100.36 million for the quarter, compared to analysts' expectations of $100.12 million. Ambarella had a negative return on equity of 10.94% and a negative net margin of 17.18%.The company's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 EPS. On average, research analysts predict that Ambarella, Inc. will post -1.13 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of AMBA. Essential Partners LLC lifted its stake in shares of Ambarella by 90.1% in the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company's stock valued at $25,000 after buying an additional 228 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Ambarella by 362.2% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 326 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Ambarella in the 1st quarter worth about $30,000. Advisory Services Network LLC acquired a new stake in shares of Ambarella in the 3rd quarter worth about $33,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Ambarella by 162.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 325 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.
Wall Street Analysts Forecast Growth
AMBA has been the topic of several research analyst reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Ambarella in a research note on Friday. Stifel Nicolaus set a $106.00 price objective on shares of Ambarella in a report on Friday, May 29th. Susquehanna increased their price objective on shares of Ambarella from $80.00 to $110.00 and gave the stock a "positive" rating in a research report on Friday, May 29th. Northland Securities set a $101.00 price objective on shares of Ambarella in a research report on Wednesday, June 17th. Finally, Consumer Edge restated a "buy" rating on shares of Ambarella in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Ambarella currently has a consensus rating of "Moderate Buy" and an average target price of $100.50.
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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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