Ambarella, Inc. (NASDAQ:AMBA) VP Sells $36,347.62 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 482 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 value of $36,347.62. Following the completion of the transaction, the vice president now owns 16,706 shares of the company’s stock, valued at approximately $1,259,799.46. This represents a 2.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 transaction 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 transaction of $168,432.00.

Ambarella Stock Down 5.5 %

Shares of AMBA stock opened at $69.75 on Thursday. The company has a market cap of $2.91 billion, a P/E ratio of -18.07 and a beta of 1.68. The business has a 50 day moving average of $63.49 and a two-hundred day moving average of $57.40. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $81.32.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMBA. Susquehanna lifted their target price on Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Morgan Stanley lifted their price objective on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Roth Mkm reiterated a “neutral” rating and set a $60.00 target price on shares of Ambarella in a research note on Wednesday, August 28th. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Friday, December 6th. Finally, Bank of America raised 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. 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in shares of Ambarella by 127.7% during 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 period. Hennion & Walsh Asset Management Inc. grew its position in Ambarella by 13.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,619 shares of the semiconductor company’s stock worth $627,000 after purchasing an additional 1,347 shares during the last quarter. Tributary Capital Management LLC grew its position in Ambarella by 2.2% in the 2nd quarter. Tributary Capital Management LLC now owns 285,667 shares of the semiconductor company’s stock worth $15,412,000 after purchasing an additional 6,020 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Ambarella by 12.2% in the second quarter. Bank of New York Mellon Corp now owns 205,233 shares of the semiconductor company’s stock valued at $11,072,000 after purchasing an additional 22,276 shares during the period. Finally, Legato Capital Management LLC bought a new stake in shares of Ambarella during the second quarter valued at approximately $790,000. 82.09% of the stock is currently owned by institutional investors.

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.