Ambarella COO Lee Chan sells shares worth $80,769

Published 20/03/2025, 21:48
Ambarella COO Lee Chan sells shares worth $80,769

Lee Chan, the Chief Operating Officer of Ambarella Inc . (NASDAQ:AMBA), recently sold shares in the company valued at approximately $80,769. According to InvestingPro data, Ambarella maintains a strong balance sheet with more cash than debt and a healthy current ratio of 2.65x, though the stock has shown significant volatility in recent months. The transaction, which took place on March 18, 2025, involved the sale of 1,468 ordinary shares at an average price of $55.02 per share.

Following this transaction, Chan retains ownership of 130,297 shares. It is noted that the sale was conducted to cover tax obligations arising from the vesting of restricted stock units. Additionally, the current shareholding includes 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, surpassing Stifel’s estimates by 7.7%. The company’s non-GAAP earnings per share (EPS) also exceeded expectations, coming in at $0.11, which was $0.13 higher than the anticipated loss. Ambarella has provided a revenue guidance midpoint of $84.0 million for the first quarter of fiscal year 2026, indicating continued momentum. Both Stifel and Needham analysts have raised their price targets for Ambarella, to $100 and $110 respectively, while maintaining a Buy rating. Needham projects mid- to high-teen percentage revenue growth for fiscal year 2026, with significant contributions from the CV5 and CV7 product families.

KeyBanc Capital Markets has maintained a Sector Weight rating on Ambarella, citing strong financial performance and optimistic future guidance but awaiting further developments in the company’s CV3 and GenAI technologies. Rosenblatt Securities also reaffirmed their Buy rating with a price target of $100, noting the company’s successful transition to 5nm CV5 and CV7-based Edge AI products. In governance news, Ambarella has appointed Chantelle Breithaupt as an independent director and member of the Audit Committee, as part of its efforts to diversify its board. The company has also approved a new bonus plan for fiscal year 2026, which is larger than the previous year’s target by approximately 19%, aiming to incentivize executives based on performance.

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