Elizabeth M. Schwarting Sells 240 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBAGet Free Report) Director Elizabeth M. Schwarting sold 240 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $49.47, for a total value of $11,872.80. Following the completion of the sale, the director now owns 6,164 shares of the company’s stock, valued at $304,933.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ambarella Trading Down 1.7 %

Shares of Ambarella stock opened at $49.62 on Friday. Ambarella, Inc. has a 12-month low of $43.59 and a 12-month high of $89.18. The stock has a market cap of $2.00 billion, a PE ratio of -11.70 and a beta of 1.68. The company has a 50-day moving average of $54.39 and a two-hundred day moving average of $55.02.

Ambarella (NASDAQ:AMBAGet Free Report) last posted its earnings results on Tuesday, February 27th. The semiconductor company reported ($0.95) earnings per share for the quarter, beating the consensus estimate of ($0.98) by $0.03. The company had revenue of $51.62 million for the quarter, compared to analyst estimates of $51.68 million. Ambarella had a negative return on equity of 23.38% and a negative net margin of 74.81%. On average, sell-side analysts forecast that Ambarella, Inc. will post -3.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AMBA. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Ambarella in a research note on Wednesday, December 13th. StockNews.com upgraded Ambarella to a “sell” rating in a report on Friday, February 2nd. Morgan Stanley lifted their price objective on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Susquehanna boosted their price target on shares of Ambarella from $70.00 to $80.00 and gave the stock a “positive” rating in a report on Wednesday, February 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Ambarella in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.54.

Get Our Latest Stock Analysis on Ambarella

Institutional Trading of Ambarella

Several large investors have recently modified their holdings of the business. LM Advisors LLC acquired a new stake in Ambarella during the 4th quarter valued at $25,000. Creative Planning acquired a new stake in shares of Ambarella during the third quarter valued at $27,000. FNY Investment Advisers LLC purchased a new stake in Ambarella during the 3rd quarter worth about $51,000. Stephens Inc. AR raised its stake in Ambarella by 73.0% in the 1st quarter. Stephens Inc. AR now owns 1,095 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 462 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Ambarella in the 3rd quarter valued at about $66,000. 79.74% of the stock is currently owned by institutional investors and hedge funds.

About Ambarella

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Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network 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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Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

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