Insider Selling: Ambarella (NASDAQ:AMBA) COO Sells 1,947 Shares of Stock

Key Points

• COO Chan Lee of Ambarella sold 1,947 shares of the company's stock for a total value of $154,650.21, reducing his ownership stake by 1.51%.
• Ambarella reported $0.15 earnings per share, significantly exceeding estimates, with quarterly revenue of $95.51 million — a year-over-year increase of 49.9%.
• Analysts have raised their price targets for Ambarella, with estimates now ranging from $90.00 to $100.00 and a consensus rating of "Moderate Buy."

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) COO Chan W. Lee sold 1,947 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $79.43, for a total transaction of $154,650.21. Following the transaction, the chief operating officer owned 126,972 shares of the company's stock, valued at approximately $10,085,385.96. The trade was a 1.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Ambarella Stock Up 7.1%

AMBA traded up $5.88 during trading on Monday, hitting $88.81. 1,180,136 shares of the stock were exchanged, compared to its average volume of 1,239,806. The stock has a fifty day moving average price of $72.55 and a two-hundred day moving average price of $60.68. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $93.44. The firm has a market capitalization of $3.79 billion, a P/E ratio of -42.09 and a beta of 2.08.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMBA shares. Rosenblatt Securities increased their price objective on Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Stifel Nicolaus boosted their price target on Ambarella from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. BNP Paribas upgraded shares of Ambarella to a "strong-buy" rating in a research report on Friday, August 29th. Summit Insights raised shares of Ambarella from a "hold" rating to a "buy" rating in a research report on Friday, August 29th. Finally, Northland Securities upped their price target on shares of Ambarella from $75.00 to $95.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Ambarella presently has an average rating of "Moderate Buy" and an average price target of $93.88.

Hedge Funds Weigh In On Ambarella

Several institutional investors and hedge funds have recently modified their holdings of the business. Man Group plc increased its position in Ambarella by 23.9% during the fourth quarter. Man Group plc now owns 14,994 shares of the semiconductor company's stock worth $1,091,000 after purchasing an additional 2,891 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Ambarella by 19.1% in the fourth quarter. ProShare Advisors LLC now owns 13,665 shares of the semiconductor company's stock valued at $994,000 after acquiring an additional 2,194 shares during the period. Tidal Investments LLC acquired a new stake in Ambarella in the fourth quarter valued at about $444,000. Woodline Partners LP lifted its stake in shares of Ambarella by 2,367.1% in the fourth quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company's stock valued at $19,155,000 after purchasing an additional 252,659 shares during the period. Finally, Castleark Management LLC purchased a new position in shares of Ambarella in the fourth quarter valued at $2,325,000. Hedge funds and other institutional investors own 82.09% of the company's stock.

About Ambarella

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.