Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) COO Sells $73,480.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $73.48, for a total value of $73,480.00. Following the completion of the transaction, the chief operating officer now directly owns 114,918 shares of the company’s stock, valued at approximately $8,444,174.64. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ambarella Trading Down 0.7 %

NASDAQ AMBA opened at $75.67 on Friday. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $81.32. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -19.60 and a beta of 1.66. The company’s 50 day moving average is $68.85 and its two-hundred day moving average is $59.48.

Institutional Trading of Ambarella

Several institutional investors and hedge funds have recently modified their holdings of AMBA. Versor Investments LP increased its stake in Ambarella by 5.9% in the 3rd quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock worth $261,000 after buying an additional 256 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Ambarella by 6.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock worth $269,000 after purchasing an additional 285 shares in the last quarter. Blue Trust Inc. grew its position in shares of 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 purchasing an additional 321 shares in the last quarter. Arizona State Retirement System raised its stake in Ambarella by 3.7% during the 2nd quarter. Arizona State Retirement System now owns 10,893 shares of the semiconductor company’s stock valued at $588,000 after purchasing an additional 385 shares during the period. Finally, Wrapmanager Inc. lifted its holdings in Ambarella by 9.3% in the 2nd quarter. Wrapmanager Inc. now owns 5,523 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 470 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMBA. Stifel Nicolaus lifted their price target on shares of Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Craig Hallum boosted their target price 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. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a research note on Monday, December 16th. Needham & Company LLC lifted their price objective on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley upped their price objective on Ambarella from $73.00 to $90.00 and gave the company 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 assigned a buy rating to the company. According to MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and an average 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.