Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) VP Sells 1,247 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 1,247 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $78.10, for a total transaction of $97,390.70. Following the transaction, the vice president now owns 14,530 shares of the company’s stock, valued at $1,134,793. This represents a 7.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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 16th, Christopher Day sold 482 shares of Ambarella stock. The shares were sold at an average price of $75.41, for a total transaction of $36,347.62.
• 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 value of $91,517.58.

Ambarella Stock Performance

Shares of NASDAQ:AMBA opened at $76.20 on Thursday. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of -19.74 and a beta of 1.66. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $81.32. The company has a 50 day moving average price of $67.75 and a 200 day moving average price of $59.09.

Institutional Investors Weigh In On Ambarella

Several large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new stake in shares of Ambarella during the second quarter worth $26,000. Blue Trust Inc. increased its stake 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 purchasing an additional 321 shares in the last quarter. Signaturefd LLC raised its holdings in Ambarella by 389.6% during the 3rd 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. Larson Financial Group LLC lifted its stake in Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 842 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Ambarella in the third quarter worth about $69,000. 82.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMBA. Susquehanna lifted their target price on Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Northland Securities restated an “outperform” rating and set a $95.00 price objective (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Morgan Stanley upped 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. Rosenblatt Securities reissued a “buy” rating and set a $100.00 target price on shares of Ambarella in a research note on Friday, December 6th. Finally, Needham & Company LLC upped their price target on shares of Ambarella from $90.00 to $100.00 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 given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

About Ambarella

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.