Ambarella (NASDAQ:AMBA) CFO John Alexander Young Sells 1,971 Shares

Key Points

• CFO John Alexander Young sold 1,971 shares of Ambarella on April 21 at an average price of $60.00 under a pre-arranged Rule 10b5-1 plan, netting $118,260 and reducing his stake to 117,623 shares (a 1.65% decrease).
• Young also sold 3,038 shares on March 19 at $54.14 and 4,577 shares on March 17 at $52.77, bringing his total recent insider sales to 9,586 shares since mid‑March.
• Ambarella shares were trading up about 2.2% at $61.28; the company beat quarterly EPS and revenue estimates but posted a negative net margin (-19.42%), and analysts' consensus is a Moderate Buy with an average price target of $96.00.

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CFO John Alexander Young sold 1,971 shares of the company's stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $60.00, for a total value of $118,260.00. Following the completion of the sale, the chief financial officer owned 117,623 shares in the company, valued at $7,057,380. The trade was a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Alexander Young also recently made the following trade(s):

• On Thursday, March 19th, John Alexander Young sold 3,038 shares of Ambarella stock. The shares were sold at an average price of $54.14, for a total value of $164,477.32.
• On Tuesday, March 17th, John Alexander Young sold 4,577 shares of Ambarella stock. The shares were sold at an average price of $52.77, for a total value of $241,528.29.

Ambarella Stock Up 2.2%

Shares of NASDAQ AMBA traded up $1.30 during trading on Wednesday, reaching $61.28. 505,817 shares of the company traded hands, compared to its average volume of 676,990. Ambarella, Inc. has a 52-week low of $42.97 and a 52-week high of $96.69. The firm has a 50 day simple moving average of $57.31 and a 200-day simple moving average of $69.58. The stock has a market capitalization of $2.68 billion, a PE ratio of -34.43 and a beta of 2.01.

Ambarella (NASDAQ:AMBA - Get Free Report) last announced its earnings results on Thursday, February 26th. The semiconductor company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. The business had revenue of $100.87 million during the quarter, compared to analyst estimates of $100.17 million. Ambarella had a negative net margin of 19.42% and a negative return on equity of 12.16%. The company's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. As a group, research analysts predict that Ambarella, Inc. will post -1.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMBA shares. Rosenblatt Securities restated a "buy" rating and set a $115.00 price target on shares of Ambarella in a research note on Monday, March 23rd. Consumer Edge reaffirmed a "buy" rating on shares of Ambarella in a research report on Tuesday, February 24th. Wall Street Zen downgraded shares of Ambarella from a "buy" rating to a "hold" rating in a report on Saturday, December 27th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Ambarella in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ambarella presently has a consensus rating of "Moderate Buy" and an average price target of $96.00.

Institutional Trading of Ambarella

Several hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in shares of Ambarella by 362.2% during 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 in the last quarter. Advisory Services Network LLC bought a new position in shares of Ambarella during the 3rd quarter valued at approximately $33,000. Steward Partners Investment Advisory LLC grew its stake in shares of Ambarella by 162.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 525 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 325 shares during the period. CoreCap Advisors LLC bought a new position in shares of Ambarella during the 3rd quarter valued at approximately $43,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Ambarella by 44.1% during the 1st quarter. Advisors Asset Management Inc. now owns 935 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 286 shares during the period. Institutional investors own 82.09% of the company's stock.

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.

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