Domo signs strategic collaboration agreement with AWS for AI solutions
In a recent SEC filing, Ambarella Inc . (NASDAQ:AMBA) CEO Wang Feng-Ming reported selling 3,194 shares of the company’s ordinary stock. The semiconductor company, currently valued at $2.28 billion, has seen its stock decline 24% year-to-date, with InvestingPro data showing notably volatile price movements. The shares were sold at a price of $55.02 each, totaling $175,733. This transaction, dated March 18, 2025, leaves Wang with 798,311 shares remaining.
The shares were sold to cover tax obligations resulting from the vesting of restricted stock units. Additionally, the CEO’s current holdings include 234 shares acquired through Ambarella’s employee stock purchase plan on March 17, 2025.
In other recent news, Ambarella reported strong fourth-quarter fiscal year 2025 results, with revenue reaching $84.0 million, a 1.6% increase from the previous quarter. This revenue exceeded Stifel’s estimate by 7.7%, driven mainly by growth in the Internet of Things segment. Ambarella also reported a non-GAAP earnings per share of $0.11, which outperformed Stifel’s forecast of a $0.02 loss per share. Following these results, Stifel analysts raised their price target for Ambarella shares to $100 while maintaining a Buy rating. Similarly, Needham analysts increased their price target to $110 and maintained a Buy rating, citing the company’s upbeat forecast and expected revenue growth in fiscal year 2026.
Meanwhile, Rosenblatt Securities reaffirmed their Buy rating with a steady price target of $100, highlighting Ambarella’s impressive fifth consecutive quarter of growth. KeyBanc Capital Markets maintained a Sector Weight rating, noting the company’s strong financial performance and optimistic guidance but adopting a cautious stance due to potential tariff impacts. In addition to these financial updates, Ambarella appointed Chantelle Breithaupt as an independent director and announced a Fiscal Year 2026 Annual Bonus Plan with a 19% increase in the target bonus pool. These developments reflect Ambarella’s strategic efforts to enhance governance and incentivize executive performance.
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