Ambarella (NASDAQ:AMBA) CFO John Alexander Young Sells 5,033 Shares

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 5,033 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $67.54, for a total value of $339,928.82. Following the completion of the transaction, the chief financial officer directly owned 112,590 shares of the company’s stock, valued at approximately $7,604,328.60. This represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Alexander Young also recently made the following trade(s):

• On Tuesday, May 26th, John Alexander Young sold 400 shares of Ambarella stock. The stock was sold at an average price of $96.00, for a total value of $38,400.00.
• On Tuesday, April 21st, John Alexander Young sold 1,971 shares of Ambarella stock. The stock was sold at an average price of $60.00, for a total value of $118,260.00.

Ambarella Price Performance

Shares of NASDAQ:AMBA opened at $69.97 on Friday. Ambarella, Inc. has a 1 year low of $48.30 and a 1 year high of $96.69. The company has a market capitalization of $3.07 billion, a PE ratio of -43.46 and a beta of 2.15. The business has a fifty day moving average price of $70.60 and a two-hundred day moving average price of $66.68.

Ambarella (NASDAQ:AMBA) last released its earnings results on Thursday, May 28th. The semiconductor company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company 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 business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. Sell-side analysts anticipate that Ambarella, Inc. will post -1.13 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on AMBA. Consumer Edge reaffirmed a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Northland Securities set a $101.00 price target on shares of Ambarella in a research note on Wednesday. Stifel Nicolaus set a $106.00 price target on shares of Ambarella in a report on Friday, May 29th. Summit Insights downgraded Ambarella from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $115.00 target price on shares of Ambarella in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $100.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in shares of Ambarella during the third quarter valued at about $33,000. EverSource Wealth Advisors LLC grew its stake in Ambarella by 362.2% during the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 326 shares in the last quarter. Essential Partners LLC grew its stake in Ambarella by 90.1% during the first quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Ambarella by 162.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 325 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Ambarella during the 1st quarter worth approximately $30,000. 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.