Insider Selling: Ambarella (NASDAQ:AMBA) Director Sells 2,664 Shares of Stock

Key Points

• Director Elizabeth Schwarting of Ambarella sold 2,664 shares at an average price of $85.38, reducing her stake by 26.70%.
• Ambarella reported a 49.9% year-over-year revenue increase to $95.51 million and exceeded earnings expectations with $0.15 EPS.
• Institutional investors own 82.09% of Ambarella, with significant increases in holdings from several firms in the first quarter.

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) Director Elizabeth Schwarting sold 2,664 shares of the company's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $85.38, for a total value of $227,452.32. Following the completion of the sale, the director owned 7,314 shares in the company, valued at $624,469.32. The trade was a 26.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ambarella Stock Up 4.2%

Shares of AMBA traded up $3.45 during mid-day trading on Wednesday, reaching $85.03. The company had a trading volume of 400,379 shares, compared to its average volume of 857,414. Ambarella, Inc. has a 52-week low of $38.86 and a 52-week high of $93.44. The stock has a market capitalization of $3.63 billion, a P/E ratio of -40.30 and a beta of 2.10. The stock has a 50 day moving average of $75.99 and a two-hundred day moving average of $63.00.

Ambarella (NASDAQ:AMBA - Get Free Report) last issued its earnings results on Thursday, August 28th. The semiconductor company reported $0.15 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $95.51 million for the quarter, compared to the consensus estimate of $90.01 million. During the same quarter in the prior year, the business earned ($0.13) earnings per share. The company's revenue was up 49.9% compared to the same quarter last year. Ambarella has set its Q3 2026 guidance at EPS. On average, sell-side analysts expect that Ambarella, Inc. will post -2.81 earnings per share for the current year.

Institutional Investors Weigh In On Ambarella

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in shares of Ambarella by 4.0% in the first quarter. Rhumbline Advisers now owns 58,571 shares of the semiconductor company's stock valued at $2,948,000 after purchasing an additional 2,249 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Ambarella by 238.3% in the first quarter. Janney Montgomery Scott LLC now owns 13,474 shares of the semiconductor company's stock valued at $678,000 after purchasing an additional 9,491 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Ambarella by 6,804.3% in the first quarter. GAMMA Investing LLC now owns 16,156 shares of the semiconductor company's stock valued at $813,000 after purchasing an additional 15,922 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ambarella in the second quarter valued at approximately $471,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ambarella in the first quarter valued at approximately $941,000. Institutional investors and hedge funds own 82.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Bank of America increased their price target on Ambarella from $63.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, August 29th. Roth Capital reiterated a "neutral" rating on shares of Ambarella in a research report on Friday, August 29th. Oppenheimer reiterated a "market perform" rating on shares of Ambarella in a research report on Friday, August 29th. Stifel Nicolaus increased 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. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Ambarella in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Ambarella presently has an average 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.

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