Insider Selling: Ambarella Inc (NASDAQ:AMBA) VP Sells $58,180.64 in Stock

Ambarella Inc (NASDAQ:AMBA) VP Christopher Day sold 1,267 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $45.92, for a total value of $58,180.64. Following the completion of the transaction, the vice president now directly owns 8,632 shares in the company, valued at $396,381.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NASDAQ AMBA opened at $45.21 on Friday. Ambarella Inc has a 1 year low of $36.02 and a 1 year high of $73.59. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -35.32 and a beta of 1.26. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.48 and a current ratio of 8.91. The stock’s 50-day simple moving average is $52.46 and its 200-day simple moving average is $54.91.

Ambarella (NASDAQ:AMBA) last announced its earnings results on Tuesday, June 2nd. The semiconductor company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.05. Ambarella had a negative return on equity of 9.00% and a negative net margin of 18.18%. The business had revenue of $54.60 million for the quarter, compared to analyst estimates of $54.32 million. During the same period in the previous year, the company earned $0.01 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, research analysts predict that Ambarella Inc will post -1.52 EPS for the current year.

AMBA has been the topic of several research reports. Imperial Capital initiated coverage on Ambarella in a research report on Tuesday, June 23rd. They issued an “outperform” rating and a $58.00 target price on the stock. ValuEngine lowered Ambarella from a “buy” rating to a “hold” rating in a research report on Thursday. Bank of America increased their target price on Ambarella from $44.00 to $50.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 3rd. Zacks Investment Research raised Ambarella from a “sell” rating to a “hold” rating and set a $47.00 target price on the stock in a research report on Tuesday. Finally, TheStreet lowered Ambarella from a “c-” rating to a “d+” rating in a research report on Friday, March 20th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Ambarella has an average rating of “Hold” and an average target price of $59.77.

Large investors have recently bought and sold shares of the stock. Weaver Consulting Group acquired a new position in Ambarella in the first quarter worth about $27,000. Banque Cantonale Vaudoise acquired a new position in Ambarella in the fourth quarter worth about $78,000. Point72 Hong Kong Ltd grew its stake in Ambarella by 104.7% in the fourth quarter. Point72 Hong Kong Ltd now owns 1,433 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 733 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in Ambarella in the first quarter worth about $76,000. Finally, Belpointe Asset Management LLC acquired a new position in Ambarella in the fourth quarter worth about $125,000. Institutional investors and hedge funds own 75.11% of the company’s stock.

Ambarella Company Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.

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Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

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