Leslie Kohn Sells 1,608 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) CTO Leslie Kohn sold 1,608 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total value of $86,092.32. Following the completion of the transaction, the chief technology officer now owns 961,433 shares of the company’s stock, valued at $51,475,122.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ambarella Stock Performance

AMBA stock opened at $54.40 on Friday. The firm 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 1 year low of $39.69 and a 1 year high of $65.88. The stock has a 50-day simple moving average of $52.07 and a 200-day simple moving average of $51.52.

Ambarella (NASDAQ:AMBA) last posted its quarterly earnings data on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. The company had revenue of $63.70 million for the quarter, compared to analyst estimates of $62.10 million. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.76) earnings per share. On average, equities research analysts predict that Ambarella, Inc. will post -2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMBA shares. Morgan Stanley upped their price objective on shares of Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Craig Hallum upped their price target on shares of Ambarella from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. TD Cowen lifted their price target on shares of Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Stifel Nicolaus upped their price objective on Ambarella from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $60.00 target price on shares of Ambarella in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.00.

Hedge Funds Weigh In On Ambarella

Institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Ambarella in the second quarter worth about $26,000. CWM LLC raised its position in shares of Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 304 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Ambarella by 62.1% during the 2nd quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock valued at $78,000 after buying an additional 552 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Ambarella by 13,576.9% during the first quarter. Larson Financial Group LLC now owns 1,778 shares of the semiconductor company’s stock worth $90,000 after buying an additional 1,765 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Ambarella by 22.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,275 shares of the semiconductor company’s stock worth $177,000 after buying an additional 590 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

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.