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

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 5,033 shares of Ambarella stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.54, for a total transaction of $339,928.82. Following the transaction, the chief financial officer directly owned 112,590 shares in the company, valued at $7,604,328.60. This trade represents a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 shares were sold at an average price of $96.00, for a total transaction of $38,400.00.
• On Tuesday, April 21st, John Alexander Young sold 1,971 shares of Ambarella stock. The shares were sold at an average price of $60.00, for a total transaction of $118,260.00.

Ambarella Price Performance

Shares of NASDAQ:AMBA opened at $69.97 on Friday. The stock has a market cap of $3.07 billion, a PE ratio of -43.46 and a beta of 2.15. The company’s fifty day moving average is $70.93 and its 200 day moving average is $66.70. Ambarella, Inc. has a 52 week low of $48.30 and a 52 week high of $96.69.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings results on Thursday, May 28th. The semiconductor company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Ambarella had a negative net margin of 17.18% and a negative return on equity of 10.94%. The business had revenue of $100.36 million during the quarter, compared to the consensus estimate of $100.12 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was up 16.9% on a year-over-year basis. Sell-side analysts anticipate that Ambarella, Inc. will post -1.13 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AMBA shares. Summit Insights lowered Ambarella from a “buy” rating to a “hold” rating in a research note on Friday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $115.00 price target on shares of Ambarella in a research note on Tuesday, May 26th. Stifel Nicolaus set a $106.00 price objective on Ambarella in a research report on Friday, May 29th. Consumer Edge reissued a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Finally, Bank of America raised their target price on shares of Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.50.

Institutional Trading of Ambarella

Several large investors have recently bought and sold shares of the company. Essential Partners LLC grew its holdings in shares of Ambarella by 90.1% during the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 228 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Ambarella by 362.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 326 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Ambarella during the first quarter valued at approximately $30,000. Advisory Services Network LLC bought a new stake in shares of Ambarella during the third quarter valued at approximately $33,000. Finally, Steward Partners Investment Advisory LLC grew its stake in Ambarella by 162.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 325 shares during the period. 82.09% of the stock is owned by institutional investors.

Ambarella Company Profile

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.