Ambarella, Inc. (NASDAQ:AMBA) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) by 40.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,593 shares of the semiconductor company's stock after selling 18,389 shares during the period. Jump Financial LLC owned approximately 0.07% of Ambarella worth $1,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its position in Ambarella by 308.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 12,088 shares of the semiconductor company's stock worth $641,000 after purchasing an additional 9,131 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Ambarella by 7.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 193,602 shares of the semiconductor company's stock worth $10,267,000 after purchasing an additional 12,693 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ambarella by 11.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,012 shares of the semiconductor company's stock worth $372,000 after purchasing an additional 694 shares in the last quarter. Strs Ohio purchased a new stake in Ambarella in the 3rd quarter worth approximately $869,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Ambarella by 5.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 133,343 shares of the semiconductor company's stock worth $7,071,000 after purchasing an additional 6,786 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company's stock.

Wall Street Analyst Weigh In

AMBA has been the topic of several recent research reports. Bank of America lowered their price objective on Ambarella from $62.00 to $50.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 16th. Susquehanna upped their price objective on Ambarella from $70.00 to $80.00 and gave the stock a "positive" rating in a research report on Wednesday, February 28th. Morgan Stanley increased their target price on Ambarella from $67.00 to $73.00 and gave the company an "overweight" rating in a research report on Wednesday, February 28th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of Ambarella in a research report on Wednesday, February 28th. Finally, StockNews.com upgraded Ambarella to a "sell" rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Ambarella presently has an average rating of "Hold" and an average target price of $71.08.

Ambarella Price Performance

NASDAQ AMBA traded up $0.60 during mid-day trading on Wednesday, hitting $46.80. The stock had a trading volume of 364,137 shares, compared to its average volume of 559,618. The firm's 50 day moving average is $47.99 and its 200 day moving average is $53.11. Ambarella, Inc. has a twelve month low of $40.31 and a twelve month high of $89.18. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -11.04 and a beta of 1.65.

Ambarella (NASDAQ:AMBA - Get Free Report) last issued its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.98) by $0.03. Ambarella had a negative return on equity of 23.78% and a negative net margin of 74.81%. The business had revenue of $51.62 million during the quarter, compared to the consensus estimate of $51.68 million. As a group, equities research analysts expect that Ambarella, Inc. will post -3.53 earnings per share for the current year.

Insiders Place Their Bets

In other Ambarella news, CFO John Alexander Young sold 1,546 shares of the firm's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $76,171.42. Following the completion of the sale, the chief financial officer now directly owns 107,571 shares of the company's stock, valued at approximately $5,300,023.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO Leslie Kohn sold 1,198 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total transaction of $59,025.46. Following the completion of the transaction, the chief technology officer now directly owns 964,664 shares in the company, valued at approximately $47,528,995.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO John Alexander Young sold 1,546 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $49.27, for a total value of $76,171.42. Following the transaction, the chief financial officer now owns 107,571 shares of the company's stock, valued at $5,300,023.17. The disclosure for this sale can be found here. Insiders sold 6,648 shares of company stock valued at $327,595 in the last three months. 5.70% of the stock is currently owned by insiders.

Ambarella 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.