Ambarella (NASDAQ:AMBA) CTO Sells $178,638.07 in Stock

Key Points

• Leslie Kohn, the CTO of Ambarella, sold 2,249 shares of the company, equating to a total value of $178,638, reducing his ownership by 0.23% to 977,428 shares.
• Ambarella's latest earnings report revealed an EPS of $0.15, surpassing analyst expectations of $0.05, with a 49.9% year-over-year revenue growth to $95.51 million.
• Analysts have raised their target prices for Ambarella, with Morgan Stanley increasing its target from $80 to $96, assigning an "overweight" rating to the stock.

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CTO Leslie Kohn sold 2,249 shares of Ambarella stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $79.43, for a total transaction of $178,638.07. Following the completion of the transaction, the chief technology officer owned 977,428 shares of the company's stock, valued at $77,637,106.04. This trade represents a 0.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Ambarella Stock Performance

NASDAQ:AMBA traded up $5.88 during trading hours on Monday, hitting $88.81. The company's stock had a trading volume of 1,180,136 shares, compared to its average volume of 1,239,806. The business's 50-day moving average is $72.55 and its two-hundred day moving average is $60.68. The company has a market capitalization of $3.79 billion, a PE ratio of -42.09 and a beta of 2.08. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $93.44.

Ambarella (NASDAQ:AMBA - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $95.51 million for the quarter, compared to analysts' expectations of $90.01 million. Ambarella had a negative return on equity of 14.73% and a negative net margin of 25.46%.The business's revenue was up 49.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.13) earnings per share. Ambarella has set its Q3 2026 guidance at EPS. As a group, analysts predict that Ambarella, Inc. will post -2.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Ambarella

Hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in shares of Ambarella by 362.2% in the second quarter. EverSource Wealth Advisors LLC now owns 416 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 326 shares in the last quarter. Total Investment Management Inc. bought a new position in Ambarella in the second quarter valued at about $30,000. Advisors Asset Management Inc. raised its holdings in Ambarella by 44.1% during the first 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. Virtus Advisers LLC purchased a new position in Ambarella in the second quarter worth about $49,000. Finally, Banque Transatlantique SA bought a new stake in Ambarella during the 1st quarter valued at about $50,000. 82.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Bank of America increased their target price 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. Susquehanna boosted their price target on Ambarella from $80.00 to $90.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. Summit Insights upgraded shares of Ambarella from a "hold" rating to a "buy" rating in a research report on Friday, August 29th. Northland Securities upped their price target on Ambarella from $75.00 to $95.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, Morgan Stanley increased their price objective on shares of Ambarella from $80.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. One research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.