Ambarella Inc (NASDAQ:AMBA) VP Christopher Day sold 1,798 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $41.35, for a total value of $74,347.30. Following the completion of the sale, the vice president now directly owns 16,307 shares in the company, valued at $674,294.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Christopher Day also recently made the following trade(s):
- On Wednesday, September 19th, Christopher Day sold 1,533 shares of Ambarella stock. The stock was sold at an average price of $35.51, for a total value of $54,436.83.
AMBA stock traded down $1.17 during trading on Friday, reaching $38.23. The stock had a trading volume of 14,613 shares, compared to its average volume of 828,734. Ambarella Inc has a 52 week low of $30.00 and a 52 week high of $66.23. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 69.42 and a beta of 1.09.
Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, November 29th. The semiconductor company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Ambarella had a negative return on equity of 5.21% and a negative net margin of 9.97%. The company had revenue of $57.30 million during the quarter, compared to the consensus estimate of $57.12 million. During the same period last year, the business earned $0.75 EPS. The firm’s quarterly revenue was down 35.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Ambarella Inc will post -1.02 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. bought a new position in shares of Ambarella in the second quarter worth about $264,000. Marathon Capital Management purchased a new stake in shares of Ambarella during the second quarter worth about $270,000. Centaurus Financial Inc. purchased a new stake in shares of Ambarella during the second quarter worth about $280,000. OLD National Bancorp IN purchased a new stake in shares of Ambarella during the third quarter worth about $288,000. Finally, Krane Funds Advisors LLC grew its position in shares of Ambarella by 70.0% during the second quarter. Krane Funds Advisors LLC now owns 7,630 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 3,142 shares in the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on AMBA shares. BidaskClub cut Ambarella from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 20th. Northland Securities started coverage on Ambarella in a research note on Monday, October 29th. They issued an “outperform” rating and a $38.00 price target on the stock. Zacks Investment Research cut Ambarella from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Bank of America cut Ambarella from a “neutral” rating to an “underperform” rating and set a $35.00 target price on the stock. in a research note on Friday, August 31st. Finally, ValuEngine raised Ambarella from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $48.95.
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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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