Ambarella, Inc. (NASDAQ:AMBA) VP Sells $97,390.70 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 1,247 shares of Ambarella stock in a transaction on 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 directly owns 14,530 shares of the company’s stock, valued at $1,134,793. This represents a 7.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, December 18th, Christopher Day sold 929 shares of Ambarella stock. The stock was sold at an average price of $75.40, for a total value 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 value of $91,517.58.

Ambarella Price Performance

Shares of Ambarella stock opened at $76.20 on Friday. The stock has a market capitalization of $3.18 billion, a PE ratio of -19.74 and a beta of 1.66. The company’s fifty day simple moving average is $68.49 and its 200-day simple moving average is $59.33. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $81.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. StockNews.com cut Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Susquehanna raised their target price on shares of Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price target on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, 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. 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 stock. Based on data from MarketBeat.com, Ambarella presently has an average rating of “Moderate Buy” and an average price target of $84.17.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMBA. Lord Abbett & CO. LLC purchased a new position in shares of Ambarella in the third quarter valued at about $3,905,000. Geode Capital Management LLC grew its stake in shares of Ambarella by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock worth $51,719,000 after buying an additional 14,568 shares in the last quarter. Sender Co & Partners Inc. bought a new stake in shares of Ambarella in the 3rd quarter worth about $481,000. Barclays PLC raised its position in shares of Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after buying an additional 286,296 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in Ambarella by 8.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 12,573 shares of the semiconductor company’s stock valued at $709,000 after purchasing an additional 1,002 shares during the period. Institutional investors own 82.09% of the company’s stock.

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.