Ambarella, Inc. (NASDAQ:AMBA) VP Sells $36,347.62 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 482 shares of Ambarella stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $36,347.62. Following the sale, the vice president now owns 16,706 shares of the company’s stock, valued at approximately $1,259,799.46. This trade represents a 2.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Christopher Day also recently made the following trade(s):

• On Wednesday, December 18th, Christopher Day sold 929 shares of Ambarella stock. The shares were sold at an average price of $75.40, for a total transaction of $70,046.60.
• On Monday, December 2nd, Christopher Day sold 1,278 shares of Ambarella stock. The stock was sold at an average price of $71.61, for a total transaction of $91,517.58.
• On Thursday, October 3rd, Christopher Day sold 2,904 shares of Ambarella stock. The stock was sold at an average price of $58.00, for a total transaction of $168,432.00.

Ambarella Price Performance

AMBA opened at $70.93 on Friday. Ambarella, Inc. has a one year low of $39.69 and a one year high of $81.32. The business has a 50 day simple moving average of $63.91 and a two-hundred day simple moving average of $57.58. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -18.38 and a beta of 1.68.

Hedge Funds Weigh In On Ambarella

A number of hedge funds and other institutional investors have recently made changes to their positions in AMBA. Meeder Asset Management Inc. bought a new position in Ambarella in the 2nd quarter worth $26,000. Blue Trust Inc. increased its position in shares of Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 321 shares during the period. CWM LLC raised its stake in Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after buying an additional 304 shares in the last quarter. Signaturefd LLC lifted its holdings in Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after buying an additional 526 shares during the period. Finally, Larson Financial Group LLC boosted its position in Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 842 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMBA. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Monday, December 16th. Roth Mkm reiterated a “neutral” rating and set a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Morgan Stanley boosted their price objective on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. TD Cowen increased their target price on shares of Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, Craig Hallum boosted their price target on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.17.

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.