Insider Selling: Ambarella (NASDAQ:AMBA) CEO Sells $2,957,825.00 in Stock

Ambarella, Inc. (NASDAQ:AMBAGet Free Report) CEO Feng-Ming Wang sold 32,500 shares of Ambarella stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $91.01, for a total value of $2,957,825.00. Following the transaction, the chief executive officer directly owned 806,061 shares in the company, valued at $73,359,611.61. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Feng-Ming Wang also recently made the following trade(s):

  • On Thursday, March 19th, Feng-Ming Wang sold 8,083 shares of Ambarella stock. The stock was sold at an average price of $54.14, for a total value of $437,613.62.
  • On Tuesday, March 17th, Feng-Ming Wang sold 18,976 shares of Ambarella stock. The stock was sold at an average price of $52.77, for a total value of $1,001,363.52.
  • On Monday, March 2nd, Feng-Ming Wang sold 50,000 shares of Ambarella stock. The stock was sold at an average price of $60.80, for a total value of $3,040,000.00.

Ambarella Trading Down 21.4%

AMBA stock opened at $72.18 on Friday. The stock has a 50-day moving average price of $65.86 and a 200-day moving average price of $68.45. Ambarella, Inc. has a 1-year low of $48.30 and a 1-year high of $96.69. The firm has a market cap of $3.17 billion, a PE ratio of -44.83 and a beta of 2.17.

Ambarella (NASDAQ:AMBAGet Free Report) last posted its quarterly earnings data 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 return on equity of 11.02% and a negative net margin of 17.18%.The firm had revenue of $100.36 million during the quarter, compared to analyst estimates of $100.12 million. During the same period last year, the company posted $0.07 EPS. The business’s quarterly revenue was up 16.9% on a year-over-year basis. On average, analysts forecast that Ambarella, Inc. will post -1.27 earnings per share for the current year.

Analysts Set New Price Targets

AMBA has been the subject of several research analyst reports. Stifel Nicolaus set a $106.00 price objective on Ambarella in a research report on Friday. Consumer Edge reissued a “buy” rating on shares of Ambarella in a research report on Friday, May 22nd. Bank of America raised their target price on Ambarella from $72.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday. Susquehanna raised their target price on Ambarella from $80.00 to $110.00 and gave the company a “positive” rating in a research note on Friday. Finally, Rosenblatt Securities restated a “buy” rating and issued a $115.00 target price on shares of Ambarella in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ambarella has a consensus rating of “Moderate Buy” and a consensus price target of $99.75.

Read Our Latest Analysis on AMBA

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Institutional Trading of Ambarella

Large investors have recently made changes to their positions in the company. Essential Partners LLC grew its stake in shares of Ambarella by 90.1% in the 1st quarter. Essential Partners LLC now owns 481 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 228 shares during the period. EverSource Wealth Advisors LLC grew 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 buying an additional 326 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Ambarella in the 1st quarter valued at about $30,000. Advisory Services Network LLC acquired a new stake in shares of Ambarella in the 3rd quarter valued at about $33,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Ambarella by 162.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 325 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

About Ambarella

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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.

Further Reading

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

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