Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee Sells 1,488 Shares

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,488 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $112,210.08. Following the sale, the chief operating officer now directly owns 119,918 shares in the company, valued at $9,043,016.38. This represents a 1.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ambarella Price Performance

Shares of NASDAQ:AMBA opened at $69.75 on Thursday. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $81.32. The firm has a market capitalization of $2.91 billion, a P/E ratio of -18.07 and a beta of 1.68. The company’s fifty day moving average price is $63.49 and its 200 day moving average price is $57.40.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. TD Cowen upped their price target on Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, August 28th. Morgan Stanley boosted their price objective on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Craig Hallum raised their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna boosted their price target on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC raised their price objective on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Institutional Trading of Ambarella

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Azzad Asset Management Inc. ADV grew its stake in Ambarella by 2.4% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after buying an additional 231 shares during the last quarter. Versor Investments LP boosted its holdings in shares of Ambarella by 5.9% in the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 256 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Ambarella by 6.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock worth $269,000 after acquiring an additional 285 shares during the last quarter. CWM LLC increased its holdings in shares of Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 304 shares during the period. Finally, Blue Trust Inc. raised its position in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 321 shares during the last quarter. Institutional investors and hedge funds 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.