Christopher Day Sells 482 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 482 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 transaction of $36,347.62. Following the completion of the transaction, the vice president now directly owns 16,706 shares in the company, valued at $1,259,799.46. This trade represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, December 2nd, Christopher Day sold 1,278 shares of Ambarella stock. The shares were sold at an average price of $71.61, for a total value 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 value of $168,432.00.

Ambarella Stock Performance

NASDAQ AMBA traded down $4.08 during trading on Wednesday, reaching $69.75. 577,306 shares of the company traded hands, compared to its average volume of 607,316. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $81.32. The company has a market cap of $2.91 billion, a price-to-earnings ratio of -18.07 and a beta of 1.68. The stock’s 50 day moving average price is $63.28 and its two-hundred day moving average price is $57.31.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMBA shares. Morgan Stanley raised their price objective on shares of Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a report on Monday. Craig Hallum upped their price objective on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Northland Securities reiterated 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. Finally, Stifel Nicolaus increased their price target on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $84.17.

Institutional Trading of Ambarella

Institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its stake 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 purchasing an additional 304 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Ambarella by 13.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,619 shares of the semiconductor company’s stock valued at $627,000 after purchasing an additional 1,347 shares during the last quarter. Tributary Capital Management LLC boosted its position in Ambarella by 2.2% in the second quarter. Tributary Capital Management LLC now owns 285,667 shares of the semiconductor company’s stock valued at $15,412,000 after buying an additional 6,020 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Ambarella by 12.2% during the second quarter. Bank of New York Mellon Corp now owns 205,233 shares of the semiconductor company’s stock worth $11,072,000 after buying an additional 22,276 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new stake in shares of Ambarella during the second quarter worth approximately $790,000. 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.