Ambarella, Inc. (NASDAQ:AMBA) Director Sells $110,700.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley sold 1,500 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $73.80, for a total value of $110,700.00. Following the completion of the sale, the director now directly owns 40,781 shares in the company, valued at approximately $3,009,637.80. This represents a 3.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ambarella Price Performance

AMBA opened at $75.08 on Friday. The firm has a 50 day simple moving average of $64.84 and a 200 day simple moving average of $57.93. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $81.32. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -19.45 and a beta of 1.68.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Craig Hallum lifted their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 target price on shares of Ambarella in a report on Friday, December 6th. Stifel Nicolaus raised their price target on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a research note on Monday, December 16th. Finally, StockNews.com lowered Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.17.

Institutional Trading of Ambarella

Institutional investors and hedge funds have recently made changes to their positions in the business. Lord Abbett & CO. LLC acquired a new stake in shares of Ambarella during the third quarter worth $3,905,000. Geode Capital Management LLC boosted its holdings in Ambarella by 1.6% during the third quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock worth $51,719,000 after buying an additional 14,568 shares during the last quarter. Sender Co & Partners Inc. bought a new position in Ambarella during the third quarter worth about $481,000. Barclays PLC grew its position in shares of Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock worth $21,891,000 after buying an additional 286,296 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its stake in shares of Ambarella by 8.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 12,573 shares of the semiconductor company’s stock valued at $709,000 after acquiring an additional 1,002 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Ambarella Company Profile

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.