Insider Selling: Ambarella (NASDAQ:AMBA) CFO Sells 2,566 Shares of Stock

Key Points

• Ambarella CFO John Alexander Young sold $203,817.38 worth of stock, reducing his ownership by 2.30% to a total of 109,108 shares valued at approximately $8.67 million.
• The company's stock experienced a modest increase of 0.4%, trading at $82.93 during mid-day on Friday, with a market cap of $3.54 billion.
• Ambarella reported $0.15 earnings per share for the last quarter, exceeding estimates and indicating a 49.9% year-over-year revenue growth.

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CFO John Alexander Young sold 2,566 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total value of $203,817.38. Following the completion of the transaction, the chief financial officer directly owned 109,108 shares of the company's stock, valued at $8,666,448.44. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ambarella Trading Up 3.1%

Shares of AMBA stock traded up $2.54 during mid-day trading on Monday, reaching $85.47. The stock had a trading volume of 100,454 shares, compared to its average volume of 876,563. The company has a market cap of $3.65 billion, a P/E ratio of -40.51 and a beta of 2.08. The business has a 50-day simple moving average of $72.09 and a 200 day simple moving average of $60.43. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $93.44.

Ambarella (NASDAQ:AMBA - Get Free Report) last announced its earnings results on Thursday, August 28th. The semiconductor company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.05 by $0.10. Ambarella had a negative return on equity of 14.73% and a negative net margin of 25.46%.The business had revenue of $95.51 million for the quarter, compared to the consensus estimate of $90.01 million. During the same period last year, the business posted ($0.13) EPS. The company's revenue was up 49.9% on a year-over-year basis. Ambarella has set its Q3 2026 guidance at EPS. Research analysts anticipate that Ambarella, Inc. will post -2.81 EPS for the current year.

Hedge Funds Weigh In On Ambarella

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. lifted its stake in Ambarella by 4.9% in the second quarter. Ameritas Investment Partners Inc. now owns 4,160 shares of the semiconductor company's stock worth $275,000 after acquiring an additional 196 shares during the last quarter. Advisors Asset Management Inc. increased its position in Ambarella by 21.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,134 shares of the semiconductor company's stock worth $75,000 after purchasing an additional 199 shares in the last quarter. Mackenzie Financial Corp increased its position in Ambarella by 3.2% during the 4th quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock worth $466,000 after purchasing an additional 201 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Ambarella by 27.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 1,143 shares of the semiconductor company's stock valued at $76,000 after buying an additional 247 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Ambarella by 0.6% during the second quarter. Franklin Resources Inc. now owns 42,506 shares of the semiconductor company's stock valued at $2,808,000 after purchasing an additional 249 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Needham & Company LLC lifted their target price on Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Roth Capital reissued a "neutral" rating on shares of Ambarella in a research report on Friday, August 29th. Bank of America lifted their price objective on shares of Ambarella from $63.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Stifel Nicolaus boosted their price target on shares of Ambarella from $80.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Finally, BNP Paribas upgraded shares of Ambarella to a "strong-buy" rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $93.88.

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.