Ambarella, Inc. (NASDAQ:AMBA) Director Elizabeth M. Schwarting Sells 253 Shares

Ambarella, Inc. (NASDAQ:AMBA) Director Elizabeth M. Schwarting sold 253 shares of Ambarella stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $71.55, for a total value of $18,102.15. Following the completion of the transaction, the director now directly owns 7,902 shares of the company’s stock, valued at approximately $565,388.10. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ambarella Price Performance

NASDAQ AMBA opened at $70.93 on Monday. The company has a fifty day moving average price of $63.91 and a 200-day moving average price of $57.58. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of -18.38 and a beta of 1.68.

Institutional Investors Weigh In On Ambarella

A number of institutional investors have recently added to or reduced their stakes in AMBA. Meeder Asset Management Inc. bought a new position in shares of Ambarella during the 2nd quarter worth approximately $26,000. Blue Trust Inc. lifted its holdings in Ambarella by 180.3% during 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 lifted its holdings in Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 304 shares during the period. Signaturefd LLC boosted its position in Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 526 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in 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 owned by institutional investors.

Analyst Ratings Changes

AMBA has been the topic of several recent analyst reports. Roth Mkm reissued a “neutral” rating and issued a $60.00 price target on shares of Ambarella in a research note on Wednesday, August 28th. Westpark Capital restated a “buy” rating and issued a $85.00 price target on shares of Ambarella in a report on Monday, August 26th. Craig Hallum lifted their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Northland Securities restated an “outperform” rating and issued a $95.00 target price (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Finally, Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.17.

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.