Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) VP Christopher Day sold 1,408 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $61.66, for a total value of $86,817.28. Following the completion of the transaction, the vice president now owns 21,599 shares in the company, valued at $1,331,794.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Ambarella Stock Up 1.5 %
NASDAQ AMBA traded up $0.89 during trading hours on Wednesday, hitting $60.42. 397,097 shares of the company were exchanged, compared to its average volume of 590,047. The stock has a 50-day moving average price of $52.96 and a 200 day moving average price of $52.86. Ambarella, Inc. has a 52 week low of $40.31 and a 52 week high of $84.86. The stock has a market cap of $2.48 billion, a PE ratio of -14.18 and a beta of 1.59.
Ambarella (NASDAQ:AMBA – Get Free Report) last issued its quarterly earnings data on Thursday, May 30th. The semiconductor company reported ($0.89) earnings per share for the quarter, topping the consensus estimate of ($0.98) by $0.09. Ambarella had a negative return on equity of 24.86% and a negative net margin of 78.36%. The company had revenue of $54.47 million for the quarter, compared to analysts’ expectations of $54.04 million. As a group, sell-side analysts anticipate that Ambarella, Inc. will post -3.35 earnings per share for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on Ambarella
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ambarella by 2.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,207 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 195 shares during the last quarter. White Pine Capital LLC grew its stake in shares of Ambarella by 3.2% during the fourth quarter. White Pine Capital LLC now owns 7,552 shares of the semiconductor company’s stock valued at $463,000 after buying an additional 234 shares during the last quarter. Sheets Smith Wealth Management grew its stake in shares of Ambarella by 4.4% during the fourth quarter. Sheets Smith Wealth Management now owns 6,588 shares of the semiconductor company’s stock valued at $404,000 after buying an additional 275 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Ambarella by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company’s stock valued at $945,000 after buying an additional 288 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 304 shares during the last quarter. Institutional investors 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.
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