Ambarella, Inc. (NASDAQ:AMBA) Director Sells $18,102.15 in Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Elizabeth M. Schwarting sold 253 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $71.55, for a total value of $18,102.15. Following the sale, the director now owns 7,902 shares of the company’s stock, valued at approximately $565,388.10. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ambarella Stock Performance

Shares of NASDAQ AMBA opened at $70.93 on Monday. The firm has a 50 day moving average price of $63.91 and a two-hundred day moving average price of $57.58. The stock has a market cap of $2.96 billion, a P/E ratio of -18.38 and a beta of 1.68. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $81.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Northland Securities reissued an “outperform” rating and issued a $95.00 price objective (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. TD Cowen upped their target price on Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Friday, December 6th. Finally, Needham & Company LLC raised their price objective on Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

Institutional Trading of Ambarella

A number of institutional investors and hedge funds have recently bought and sold shares of AMBA. Meeder Asset Management Inc. bought a new stake in shares of Ambarella in the 2nd quarter valued at about $26,000. Blue Trust Inc. lifted its stake in shares of Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 321 shares during the period. CWM LLC boosted its holdings in Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 304 shares during the last quarter. Signaturefd LLC increased its position in 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 during the period. Finally, Larson Financial Group LLC raised its holdings 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 purchasing an additional 842 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

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.