Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) CFO John Alexander Young sold 2,139 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $114,522.06. Following the completion of the sale, the chief financial officer now owns 103,529 shares in the company, valued at approximately $5,542,942.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Ambarella Stock Down 2.5 %
AMBA stock opened at $54.40 on Friday. The business has a fifty day moving average of $52.07 and a 200-day moving average of $51.49. The company has a market cap of $2.23 billion, a P/E ratio of -12.77 and a beta of 1.63. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $65.88.
Ambarella (NASDAQ:AMBA – Get Free Report) last announced its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.06. The firm had revenue of $63.70 million during the quarter, compared to analysts’ expectations of $62.10 million. Ambarella had a negative return on equity of 26.01% and a negative net margin of 79.46%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.76) EPS. As a group, equities research analysts anticipate that Ambarella, Inc. will post -2.99 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Ambarella
Analyst Ratings Changes
A number of equities analysts have commented on the stock. TD Cowen boosted their price target on shares of Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Wells Fargo & Company reduced their target price on Ambarella from $65.00 to $55.00 and set an “equal weight” rating on the stock in a report on Friday, May 31st. Bank of America increased their price target on Ambarella from $50.00 to $57.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 28th. Craig Hallum lifted their price objective on Ambarella from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Finally, Morgan Stanley increased their target price on Ambarella from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $75.00.
View Our Latest Report on AMBA
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.
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