Christopher Day Sells 1,111 Shares of Ambarella Inc (NASDAQ:AMBA) Stock

Ambarella Inc (NASDAQ:AMBA) VP Christopher Day sold 1,111 shares of Ambarella stock in a transaction on Monday, December 18th. The stock was sold at an average price of $57.69, for a total transaction of $64,093.59. Following the transaction, the vice president now owns 22,216 shares in the company, valued at approximately $1,281,641.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Friday, September 29th, Christopher Day sold 2,618 shares of Ambarella stock. The shares were sold at an average price of $49.15, for a total transaction of $128,674.70.

Shares of Ambarella Inc (NASDAQ:AMBA) opened at $54.67 on Friday. Ambarella Inc has a fifty-two week low of $40.06 and a fifty-two week high of $66.23. The firm has a market cap of $1,820.00, a PE ratio of 52.57, a PEG ratio of 6.16 and a beta of 1.59.

Ambarella (NASDAQ:AMBA) last posted its earnings results on Thursday, November 30th. The semiconductor company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Ambarella had a net margin of 11.51% and a return on equity of 7.87%. The firm had revenue of $89.06 million for the quarter, compared to the consensus estimate of $89.41 million. During the same period in the previous year, the firm posted $1.11 EPS. The business’s quarterly revenue was down 11.4% on a year-over-year basis. equities analysts forecast that Ambarella Inc will post 0.7 EPS for the current year.

A number of research firms recently weighed in on AMBA. Stifel Nicolaus restated a “buy” rating and set a $62.00 target price (up previously from $52.00) on shares of Ambarella in a research note on Wednesday, November 22nd. Vetr upgraded shares of Ambarella from a “hold” rating to a “buy” rating and set a $61.51 price target on the stock in a report on Tuesday, December 5th. Oppenheimer upgraded shares of Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday, January 3rd. BidaskClub downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $60.00 price target on shares of Ambarella in a report on Wednesday, September 27th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $60.14.

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of Ambarella by 5.9% during the 2nd quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock worth $28,894,000 after purchasing an additional 33,237 shares during the period. ETF Managers Group LLC purchased a new stake in Ambarella in the 2nd quarter valued at about $557,000. Alpine Woods Capital Investors LLC boosted its position in Ambarella by 21.8% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 29,100 shares of the semiconductor company’s stock valued at $1,426,000 after buying an additional 5,200 shares during the period. Northern Trust Corp boosted its position in Ambarella by 4.5% in the 2nd quarter. Northern Trust Corp now owns 344,807 shares of the semiconductor company’s stock valued at $16,741,000 after buying an additional 14,710 shares during the period. Finally, Caxton Associates LP purchased a new stake in Ambarella in the 3rd quarter valued at about $1,005,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This report was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://stocknewstimes.com/2018/01/12/christopher-day-sells-1111-shares-of-ambarella-inc-amba-stock.html.

About Ambarella

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.

Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply