Ambarella Inc (AMBA) VP Christopher Day Sells 1,193 Shares of Stock

Ambarella Inc (NASDAQ:AMBA) VP Christopher Day sold 1,193 shares of the firm’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $56.19, for a total value of $67,034.67. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Christopher Day also recently made the following trade(s):

  • On Monday, March 13th, Christopher Day sold 1,071 shares of Ambarella stock. The stock was sold at an average price of $55.50, for a total value of $59,440.50.

Ambarella Inc (NASDAQ:AMBA) traded up 2.29% during trading on Monday, reaching $57.63. The company’s stock had a trading volume of 963,843 shares. The company has a market cap of $1.90 billion, a P/E ratio of 34.30 and a beta of 1.51. The stock’s 50-day moving average is $54.71 and its 200 day moving average is $59.16. Ambarella Inc has a 12 month low of $35.26 and a 12 month high of $74.95.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.18. Ambarella had a net margin of 15.32% and a return on equity of 13.28%. The company had revenue of $87.50 million for the quarter, compared to analysts’ expectations of $85.92 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Ambarella’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, equities analysts forecast that Ambarella Inc will post $2.19 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

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Several hedge funds have recently modified their holdings of the company. Vident Investment Advisory LLC boosted its stake in shares of Ambarella by 65.8% in the fourth quarter. Vident Investment Advisory LLC now owns 24,768 shares of the company’s stock valued at $1,341,000 after buying an additional 9,834 shares in the last quarter. Norges Bank acquired a new stake in shares of Ambarella during the fourth quarter valued at $6,696,000. Thrivent Financial for Lutherans boosted its stake in shares of Ambarella by 10.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 118,931 shares of the company’s stock valued at $6,438,000 after buying an additional 11,070 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Ambarella by 39.6% in the fourth quarter. Guggenheim Capital LLC now owns 14,173 shares of the company’s stock valued at $767,000 after buying an additional 4,021 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of Ambarella during the fourth quarter valued at $1,313,000. 58.50% of the stock is currently owned by institutional investors.

AMBA has been the topic of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $84.00 price objective (down previously from $86.00) on shares of Ambarella in a research note on Monday, November 28th. Pacific Crest reaffirmed a “buy” rating and set a $70.00 price objective (down previously from $75.00) on shares of Ambarella in a research note on Tuesday, November 29th. KeyCorp dropped their price objective on Ambarella from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 29th. Canaccord Genuity reaffirmed a “buy” rating and set a $84.00 price objective (down previously from $87.00) on shares of Ambarella in a research note on Sunday, December 4th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $65.00 price objective (down previously from $68.00) on shares of Ambarella in a research note on Sunday, December 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $69.19.

Ambarella Company Profile

Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.

5 Day Chart for NASDAQ:AMBA

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