Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) COO Sells 1,000 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $74.12, for a total transaction of $74,120.00. Following the sale, the chief operating officer now directly owns 113,918 shares of the company’s stock, valued at $8,443,602.16. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ambarella Stock Performance

Shares of AMBA stock traded down $0.63 during mid-day trading on Tuesday, reaching $73.90. 581,207 shares of the company’s stock traded hands, compared to its average volume of 799,026. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $81.32. The firm has a 50 day moving average price of $69.20 and a two-hundred day moving average price of $59.72. The firm has a market capitalization of $3.08 billion, a PE ratio of -19.15 and a beta of 1.66.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd lifted its stake in shares of Ambarella by 592.2% during 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 buying an additional 22,144 shares in the last quarter. Mirabella Financial Services LLP purchased a new position in shares of Ambarella during the 3rd quarter valued at $1,530,000. FMR LLC lifted its stake in shares of Ambarella by 185.4% during the 3rd quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock valued at $965,000 after buying an additional 11,110 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Ambarella by 7.0% during the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock valued at $78,091,000 after buying an additional 94,257 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Ambarella by 6,014.3% during the 3rd 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. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMBA shares. Craig Hallum lifted their target price on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Needham & Company LLC lifted their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Susquehanna lifted their target price on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Northland Securities reaffirmed an “outperform” rating and issued a $95.00 target price (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Finally, Morgan Stanley lifted their target price on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have assigned 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 a consensus target price 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.