Insider Selling: Ambarella (NASDAQ:AMBA) VP Sells 2,017 Shares

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 2,017 shares of Ambarella stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $67.87, for a total transaction of $136,893.79. Following the completion of the transaction, the vice president owned 165,924 shares in the company, valued at approximately $11,261,261.88. The trade was a 1.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ambarella Price Performance

Ambarella stock traded up $4.09 during mid-day trading on Thursday, hitting $69.97. The company’s stock had a trading volume of 2,098,555 shares, compared to its average volume of 1,076,372. The business has a 50 day moving average price of $70.22 and a 200-day moving average price of $66.71. Ambarella, Inc. has a 12 month low of $48.30 and a 12 month high of $96.69. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of -43.46 and a beta of 2.15.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings data on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, meeting 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 last year, the firm earned $0.07 earnings per share. On average, equities research analysts expect that Ambarella, Inc. will post -1.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMBA shares. Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Northland Securities set a $101.00 price objective on Ambarella in a research report on Wednesday. Stifel Nicolaus set a $106.00 price objective on Ambarella in a research note on Friday, May 29th. Susquehanna raised their target price on shares of Ambarella from $80.00 to $110.00 and gave the stock a “positive” rating in a report on Friday, May 29th. Finally, Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. One equities 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 given a Sell rating to the company’s stock. According to MarketBeat, Ambarella currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP grew its position in shares of Ambarella by 145.2% in the 4th quarter. GSA Capital Partners LLP now owns 24,800 shares of the semiconductor company’s stock worth $1,757,000 after buying an additional 14,685 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Ambarella by 18.4% during the fourth quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock valued at $43,497,000 after acquiring an additional 95,218 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Ambarella during the fourth quarter valued at approximately $1,345,000. Leonteq Securities AG purchased a new stake in Ambarella in the fourth quarter worth $1,903,000. Finally, Handelsbanken Fonder AB boosted its holdings in Ambarella by 84.0% in the fourth quarter. Handelsbanken Fonder AB now owns 312,326 shares of the semiconductor company’s stock valued at $22,125,000 after acquiring an additional 142,551 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

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.