Christopher B. Paisley Sells 1,500 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

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

Ambarella Trading Up 1.4 %

Shares of NASDAQ AMBA traded up $1.03 during trading hours on Thursday, reaching $75.08. The stock had a trading volume of 269,931 shares, compared to its average volume of 606,311. The business’s fifty day moving average price is $64.84 and its two-hundred day moving average price is $57.93. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of -19.45 and a beta of 1.68. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $81.32.

Analyst Upgrades and Downgrades

AMBA has been the subject of a number of research reports. Susquehanna upped their price objective on shares of Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Stifel Nicolaus increased their target price on Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley upped their price target on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. TD Cowen lifted their target price on shares of Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.17.

Institutional Trading of Ambarella

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Ambarella by 592.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock valued at $1,460,000 after acquiring an additional 22,144 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of Ambarella during the 3rd quarter valued at approximately $1,530,000. FMR LLC raised its stake in shares of Ambarella by 185.4% in the 3rd quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock valued at $965,000 after acquiring an additional 11,110 shares during the period. Millennium Management LLC increased its stake in Ambarella by 7.0% during the second quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock worth $78,091,000 after purchasing an additional 94,257 shares during the period. Finally, Larson Financial Group LLC increased its stake in Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after buying an additional 842 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.