In a recent filing with the Securities and Exchange Commission, Leslie Kohn, the Chief Technology Officer of Ambarella Inc . (NASDAQ:AMBA), disclosed the sale of 1,757 ordinary shares. The shares were sold at an average price of $75.41 each, amounting to a total transaction value of approximately $132,495. The transaction occurred as the stock has shown strong momentum, with a 34% gain over the past six months. According to InvestingPro analysis, the company's current market capitalization stands at $2.9 billion, with analyst price targets ranging from $70 to $100.
According to the filing, these shares were sold to cover tax obligations arising from the vesting of restricted stock units. Following this transaction, Kohn retains ownership of 959,676 shares in the semiconductor company. InvestingPro subscribers can access 10+ additional investment tips and a comprehensive analysis of Ambarella's financial health, which currently shows a FAIR overall rating.
In other recent news, Ambarella has seen a flurry of positive developments. The semiconductor company reported a robust third-quarter fiscal year 2025, with revenues reaching $82.7 million, marking a 63% year-over-year increase. This strong performance was driven by significant demand for its AI and edge computing solutions, particularly in the automotive and IoT markets. The company also returned to non-GAAP profitability with a net profit of $4.5 million.
Several analyst firms, including Needham, Rosenblatt Securities, Susquehanna, and Stifel, have responded to these developments by upgrading their price targets for Ambarella. The company's AI-related revenue now constitutes approximately 70% of the total revenue, and the automotive project funnel is valued at around $2.2 billion.
Despite facing project delays and cancellations, Ambarella remains confident in its growth trajectory. The company has provided a midpoint revenue guidance of $78.0 million for the fourth quarter of fiscal year 2025 and forecasts a 22-24% revenue growth for fiscal 2025. The company expects growth to continue in both the automotive and IoT segments into fiscal 2026. These are recent developments, and investors are advised to stay updated on further news.
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