John Alexander Young Sells 2,136 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,136 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $161,075.76. Following the completion of the sale, the chief financial officer now directly owns 101,393 shares of the company’s stock, valued at $7,646,046.13. The trade was a 2.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ambarella Stock Performance

Ambarella stock opened at $68.64 on Friday. The business’s 50-day simple moving average is $63.69 and its two-hundred day simple moving average is $57.48. The company has a market cap of $2.86 billion, a PE ratio of -17.78 and a beta of 1.68. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $81.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new stake in shares of Ambarella in the second quarter worth about $26,000. Blue Trust Inc. boosted its position 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. CWM LLC grew its stake in shares of Ambarella by 127.7% during the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 304 shares during the period. Signaturefd LLC increased its holdings in shares of Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 526 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 842 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMBA. Stifel Nicolaus lifted their price target on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. TD Cowen increased their price target on shares of Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. StockNews.com downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Susquehanna increased their target price on shares of Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, 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.