Ambarella, Inc. (NASDAQ:AMBA) VP Sells $70,046.60 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 929 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $75.40, for a total transaction of $70,046.60. Following the completion of the sale, the vice president now directly owns 15,777 shares of the company’s stock, valued at approximately $1,189,585.80. This represents a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 shares were sold at an average price of $71.61, for a total transaction of $91,517.58.
• On Thursday, October 3rd, Christopher Day sold 2,904 shares of Ambarella stock. The shares were sold at an average price of $58.00, for a total transaction of $168,432.00.

Ambarella Stock Performance

Shares of Ambarella stock traded up $2.29 during midday trading on Friday, reaching $70.93. 1,368,934 shares of the company’s stock traded hands, compared to its average volume of 609,897. The company has a market cap of $2.96 billion, a price-to-earnings ratio of -18.38 and a beta of 1.68. The company’s 50 day simple moving average is $63.69 and its 200 day simple moving average is $57.48. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $81.32.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMBA. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th. Stifel Nicolaus upped their price target on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Craig Hallum upped their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” 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 for the company in a research report on Monday. Finally, Roth Mkm reiterated a “neutral” rating and issued a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. One investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in shares of Ambarella during the 2nd quarter valued at $26,000. Blue Trust Inc. raised its holdings in shares of Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 321 shares in the last quarter. CWM LLC raised its holdings in shares of Ambarella by 127.7% during 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. Signaturefd LLC raised 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 raised its holdings in Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 842 shares during the period. Institutional investors own 82.09% of the company’s stock.

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.