Ambarella (NASDAQ:AMBA) CFO John Alexander Young Sells 3,126 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) CFO John Young sold 3,126 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $64.83, for a total value of $202,658.58. Following the completion of the transaction, the chief financial officer directly owned 109,702 shares in the company, valued at approximately $7,111,980.66. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ambarella Price Performance

Shares of Ambarella stock opened at $66.15 on Friday. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of -51.28 and a beta of 2.09. Ambarella, Inc. has a 52-week low of $48.30 and a 52-week high of $96.69. The stock has a 50-day simple moving average of $71.84 and a 200-day simple moving average of $68.08.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Thursday, September 3rd. The semiconductor company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Ambarella had a negative return on equity of 10.03% and a negative net margin of 13.48%.The business had revenue of $108.12 million during the quarter, compared to analysts’ expectations of $107.76 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts predict that Ambarella, Inc. will post -1.11 earnings per share for the current year.

Trending Headlines about Ambarella

Here are the key news stories impacting Ambarella this week:

• Positive Sentiment: Rosenblatt Securities issued a Buy rating. The recommendation could bolster confidence in Ambarella’s growth prospects and provide support for the shares. Ambarella Earns Buy Rating from Rosenblatt Securities
• Neutral Sentiment: Ambarella presented at Piper Sandler’s 5th Annual Growth Frontiers Conference. The available report identifies the company’s participation but does not highlight a new financial forecast, contract, or other material announcement likely to change valuation. Ambarella Presents at Piper Sandler Growth Frontiers Conference
• Negative Sentiment: Several senior executives reported stock sales. CEO Feng-Ming Wang, CFO John Young, VP Chi-Hong Ju and insider Chan Lee collectively sold 14,114 shares for approximately $915,011. The transactions reduced their respective holdings by about 0.79% to 2.77%. While these sales may reflect routine diversification or compensation-related activity rather than a change in business outlook, the concentration of selling by top executives can weigh on investor sentiment. Ambarella CFO Insider Sale Filing

Wall Street Analyst Weigh In

Several research analysts have recently commented on AMBA shares. Stifel Nicolaus dropped their price target on shares of Ambarella from $106.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, September 4th. Roth Capital decreased their price objective on shares of Ambarella from $90.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, September 4th. Craig Hallum downgraded shares of Ambarella from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research report on Friday, September 4th. Summit Insights cut Ambarella from a “buy” rating to a “hold” rating in a research report on Friday, May 29th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Ambarella in a research note on Friday, September 4th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ambarella presently has a consensus rating of “Hold” and an average target price of $89.56.

Institutional Trading of Ambarella

Several large investors have recently modified their holdings of the company. WINTON GROUP Ltd raised its holdings in Ambarella by 517.3% in the 2nd quarter. WINTON GROUP Ltd now owns 32,100 shares of the semiconductor company’s stock worth $2,754,000 after acquiring an additional 26,900 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Ambarella during the second quarter valued at about $118,000. IFP Advisors Inc grew its position in shares of Ambarella by 70.4% in the second quarter. IFP Advisors Inc now owns 731 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 302 shares during the last quarter. Arizona State Retirement System grew its position in shares of Ambarella by 2.2% in the second quarter. Arizona State Retirement System now owns 11,479 shares of the semiconductor company’s stock valued at $985,000 after purchasing an additional 246 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Ambarella in the second quarter worth about $232,000. 82.09% of the stock is owned by institutional investors.

Ambarella Company Profile

Ambarella, Inc is a fabless semiconductor company that develops low-power system-on-chip (SoC) solutions for video processing and artificial intelligence at the edge. Its technology is designed to help devices capture, process, analyze and transmit high-quality video while reducing the need to send data to cloud-based systems.

The company’s product portfolio includes its CVflow family of AI vision processors, video processors and related software. These solutions support computer vision and machine learning applications in security cameras, automotive systems, advanced driver-assistance systems, robotics, industrial equipment and consumer devices.

Founded in 2004 and headquartered in Santa Clara, California, Ambarella serves customers and markets globally through its semiconductor products and technology partnerships.