Christopher Day Sells 1,798 Shares of Ambarella Inc (AMBA) Stock

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Ambarella Inc (NASDAQ:AMBA) VP Christopher Day sold 1,798 shares of the business’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $41.35, for a total transaction of $74,347.30. Following the completion of the sale, the vice president now owns 16,307 shares in the company, valued at $674,294.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Christopher Day also recently made the following trade(s):

  • On Wednesday, September 19th, Christopher Day sold 1,533 shares of Ambarella stock. The stock was sold at an average price of $35.51, for a total transaction of $54,436.83.

NASDAQ AMBA opened at $38.09 on Friday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 69.25 and a beta of 1.09. Ambarella Inc has a 1 year low of $30.00 and a 1 year high of $66.23.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Thursday, November 29th. The semiconductor company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.01). The company had revenue of $57.30 million for the quarter, compared to analyst estimates of $57.12 million. Ambarella had a negative return on equity of 5.21% and a negative net margin of 9.97%. Ambarella’s quarterly revenue was down 35.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. Equities analysts expect that Ambarella Inc will post -1.02 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMBA. Migdal Insurance & Financial Holdings Ltd. grew its stake in Ambarella by 13.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 13,434 shares of the semiconductor company’s stock valued at $520,000 after acquiring an additional 1,544 shares in the last quarter. Scout Investments Inc. grew its stake in Ambarella by 2.2% during the 3rd quarter. Scout Investments Inc. now owns 74,489 shares of the semiconductor company’s stock valued at $2,881,000 after acquiring an additional 1,600 shares in the last quarter. Greenleaf Trust grew its stake in Ambarella by 2.6% during the 3rd quarter. Greenleaf Trust now owns 64,728 shares of the semiconductor company’s stock valued at $2,504,000 after acquiring an additional 1,621 shares in the last quarter. Krane Funds Advisors LLC grew its stake in Ambarella by 32.4% during the 3rd quarter. Krane Funds Advisors LLC now owns 10,099 shares of the semiconductor company’s stock valued at $391,000 after acquiring an additional 2,469 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Ambarella by 11.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,759 shares of the semiconductor company’s stock valued at $918,000 after acquiring an additional 2,533 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Several equities research analysts have commented on AMBA shares. ValuEngine upgraded shares of Ambarella from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Stifel Nicolaus dropped their price target on shares of Ambarella from $56.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 31st. Dougherty & Co dropped their price target on shares of Ambarella from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday, August 31st. TheStreet cut shares of Ambarella from a “c-” rating to a “d” rating in a research report on Friday, November 30th. Finally, Deutsche Bank dropped their price target on shares of Ambarella from $44.00 to $38.00 and set a “hold” rating on the stock in a research report on Friday, August 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $48.95.

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Ambarella Company Profile

Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, 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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