Ambarella Inc (NASDAQ:AMBA) insider Leslie Kohn sold 3,662 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $56.19, for a total transaction of $205,767.78. Following the completion of the transaction, the insider now owns 899,104 shares in the company, valued at $50,520,653.76. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Ambarella Inc (NASDAQ:AMBA) traded up 2.41% during trading on Monday, hitting $57.70. 918,784 shares of the stock were exchanged. The firm has a 50-day moving average of $54.71 and a 200-day moving average of $59.16. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 34.35 and a beta of 1.51. Ambarella Inc has a 52 week low of $35.26 and a 52 week high of $74.95.
Ambarella (NASDAQ:AMBA) last released its earnings results on Tuesday, February 28th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. The business earned $87.50 million during the quarter, compared to the consensus estimate of $85.92 million. Ambarella had a net margin of 15.32% and a return on equity of 13.28%. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. Equities research analysts anticipate that Ambarella Inc will post $2.19 earnings per share for the current fiscal year.
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A number of research analysts recently issued reports on AMBA shares. Canaccord Genuity reiterated a “buy” rating and issued a $84.00 target price (down from $87.00) on shares of Ambarella in a research note on Sunday, December 4th. Stifel Nicolaus restated a “buy” rating and issued a $84.00 price target (down from $86.00) on shares of Ambarella in a research report on Monday, November 28th. Pacific Crest set a $70.00 price target on shares of Ambarella and gave the stock a “buy” rating in a research report on Tuesday, January 24th. KeyCorp decreased their price target on shares of Ambarella from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 29th. Finally, Dougherty & Co restated a “neutral” rating on shares of Ambarella in a research report on Sunday, December 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $69.19.
Hedge funds have recently added to or reduced their stakes in the stock. First Interstate Bank increased its stake in Ambarella by 2.4% in the fourth quarter. First Interstate Bank now owns 2,169 shares of the company’s stock worth $117,000 after buying an additional 50 shares in the last quarter. Strs Ohio bought a new stake in shares of Ambarella during the third quarter valued at approximately $154,000. ARK Investment Management LLC bought a new stake in shares of Ambarella during the fourth quarter valued at approximately $154,000. Van Hulzen Asset Management LLC bought a new stake in shares of Ambarella during the third quarter valued at approximately $188,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in shares of Ambarella during the third quarter valued at approximately $202,000. 58.50% of the stock is owned by institutional investors and hedge funds.
Ambarella Company Profile
Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
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