Ambarella, Inc. (NASDAQ:AMBA) CTO Sells $132,495.37 in Stock

Ambarella, Inc. (NASDAQ:AMBA) CTO Leslie Kohn sold 1,757 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $132,495.37. Following the completion of the transaction, the chief technology officer now owns 959,676 shares of the company’s stock, valued at $72,369,167.16. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ambarella Stock Performance

NASDAQ:AMBA opened at $70.93 on Friday. The company has a market capitalization of $2.96 billion, a P/E ratio of -18.38 and a beta of 1.68. The stock’s 50 day moving average price is $63.91 and its 200 day moving average price is $57.58. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $81.32.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Susquehanna lifted their target price on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Northland Securities reissued an “outperform” rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Roth Mkm reaffirmed a “neutral” rating and issued a $60.00 target price on shares of Ambarella in a research report on Wednesday, August 28th. TD Cowen upped their price target on Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Finally, Needham & Company LLC raised their price objective on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Institutional Inflows and Outflows

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