Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) VP Sells 6,000 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Chi-Hong Ju sold 6,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $52.90, for a total transaction of $317,400.00. Following the completion of the sale, the vice president now owns 173,193 shares of the company’s stock, valued at approximately $9,161,909.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Chi-Hong Ju also recently made the following trade(s):

• On Friday, June 21st, Chi-Hong Ju sold 8,900 shares of Ambarella stock. The shares were sold at an average price of $55.53, for a total transaction of $494,217.00.
• On Monday, June 10th, Chi-Hong Ju sold 1,895 shares of Ambarella stock. The stock was sold at an average price of $57.50, for a total transaction of $108,962.50.
• On Friday, June 7th, Chi-Hong Ju sold 2,296 shares of Ambarella stock. The shares were sold at an average price of $56.79, for a total value of $130,389.84.

Ambarella Price Performance

Ambarella stock traded up $0.17 during trading hours on Thursday, hitting $53.39. The stock had a trading volume of 338,882 shares, compared to its average volume of 590,380. Ambarella, Inc. has a 1-year low of $40.31 and a 1-year high of $85.09. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -12.49 and a beta of 1.63. The stock’s fifty day moving average is $50.17 and its two-hundred day moving average is $53.24.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, May 30th. The semiconductor company reported ($0.89) earnings per share for the quarter, beating the consensus estimate of ($0.98) by $0.09. Ambarella had a negative net margin of 78.36% and a negative return on equity of 24.86%. The firm had revenue of $54.47 million during the quarter, compared to the consensus estimate of $54.04 million. As a group, sell-side analysts anticipate that Ambarella, Inc. will post -3.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in shares of Ambarella during the third quarter valued at $66,000. DekaBank Deutsche Girozentrale acquired a new position in Ambarella in the fourth quarter valued at $78,000. Daiwa Securities Group Inc. increased its stake in shares of Ambarella by 36.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 381 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Ambarella by 13,576.9% during the 1st quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 1,765 shares during the period. Finally, Wrapmanager Inc. purchased a new stake in Ambarella in the fourth quarter valued at approximately $210,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMBA has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Ambarella from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, May 31st. StockNews.com upgraded shares of Ambarella to a “sell” rating in a research report on Friday, April 26th. Bank of America lowered their target price on shares of Ambarella from $62.00 to $50.00 and set an “underperform” rating on the stock in a report on Tuesday, April 16th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price target on shares of Ambarella in a report on Tuesday, June 11th. Finally, Susquehanna lifted their price objective on Ambarella from $70.00 to $80.00 and gave the company a “positive” rating in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Ambarella currently has an average rating of “Hold” and an average target price of $69.75.

Ambarella Company Profile

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.