Christopher Day Sells 1,247 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 1,247 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $78.10, for a total value of $97,390.70. Following the sale, the vice president now owns 14,530 shares in the company, valued at approximately $1,134,793. The trade was a 7.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, December 18th, Christopher Day sold 929 shares of Ambarella stock. The shares were sold at an average price of $75.40, for a total transaction of $70,046.60.
• 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.

Ambarella Trading Up 2.5 %

AMBA stock opened at $76.20 on Thursday. The stock’s 50 day simple moving average is $67.75 and its 200 day simple moving average is $59.09. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The firm has a market cap of $3.18 billion, a P/E ratio of -19.74 and a beta of 1.66.

Analyst Ratings Changes

AMBA has been the topic of a number of recent analyst reports. Craig Hallum boosted their price objective on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a research report on Monday, December 16th. Needham & Company LLC increased their price target on Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna lifted their price objective on Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Wednesday, November 27th. Finally, StockNews.com lowered Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Ambarella has an average rating of “Moderate Buy” and an average target price of $84.17.

Institutional Trading of Ambarella

Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in shares of Ambarella in the 2nd quarter valued at about $26,000. Blue Trust Inc. lifted its holdings in 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 last quarter. Signaturefd LLC lifted its holdings 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 acquiring an additional 526 shares during the last quarter. Larson Financial Group LLC boosted its stake in Ambarella by 6,014.3% in the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 842 shares during the period. Finally, Truvestments Capital LLC bought a new position in shares of Ambarella during the third quarter valued at approximately $69,000. 82.09% of the stock is owned by institutional investors and hedge funds.

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.