Christopher Paisley Sells 500 Shares of Ambarella (NASDAQ:AMBA) Stock

by · The Cerbat Gem

Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) Director Christopher Paisley sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $72.18, for a total transaction of $36,090.00. Following the transaction, the director owned 41,279 shares of the company’s stock, valued at approximately $2,979,518.22. This represents a 1.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ambarella Trading Down 1.9%

Shares of NASDAQ:AMBA traded down $1.33 during trading on Monday, hitting $70.07. 579,725 shares of the company’s stock traded hands, compared to its average volume of 846,640. The company has a 50-day moving average price of $80.61 and a 200-day moving average price of $75.01. Ambarella, Inc. has a 52 week low of $38.86 and a 52 week high of $96.69. The company has a market cap of $3.02 billion, a price-to-earnings ratio of -37.27 and a beta of 1.98.

Ambarella (NASDAQ:AMBA – Get Free Report) last announced its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Ambarella had a negative net margin of 21.31% and a negative return on equity of 13.02%. The firm had revenue of $108.45 million for the quarter, compared to analyst estimates of $104.11 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The business’s revenue was up 31.2% on a year-over-year basis. On average, analysts predict that Ambarella, Inc. will post -2.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 price objective on shares of Ambarella in a research report on Wednesday, November 26th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Wednesday, November 26th. Wall Street Zen lowered shares of Ambarella from a “buy” rating to a “hold” rating in a research report on Saturday. Rosenblatt Securities raised their target price on shares of Ambarella from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, Consumer Edge reiterated a “buy” rating on shares of Ambarella in a research note on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

Check Out Our Latest Research Report on AMBA

Institutional Investors Weigh In On Ambarella

A number of large investors have recently modified their holdings of the business. Northern Trust Corp increased its stake in shares of Ambarella by 1.0% in the first quarter. Northern Trust Corp now owns 386,686 shares of the semiconductor company’s stock valued at $19,462,000 after buying an additional 3,650 shares during the period. Ieq Capital LLC acquired a new position in shares of Ambarella during the first quarter valued at about $335,000. Trexquant Investment LP boosted its holdings in Ambarella by 154.2% in the first quarter. Trexquant Investment LP now owns 78,240 shares of the semiconductor company’s stock worth $3,938,000 after acquiring an additional 47,461 shares in the last quarter. Quarry LP lifted its holdings in shares of Ambarella by 611.5% in the 1st quarter. Quarry LP now owns 1,793 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 1,541 shares in the last quarter. Finally, Graham Capital Management L.P. grew its holdings in shares of Ambarella by 93.7% during the first quarter. Graham Capital Management L.P. now owns 59,728 shares of the semiconductor company’s stock valued at $3,006,000 after buying an additional 28,895 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Ambarella Company Profile

(Get Free Report)

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.

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