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

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 1,247 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now 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 Securities & Exchange Commission, which is accessible through the SEC website.

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 value of $70,046.60.
• On Monday, December 16th, Christopher Day sold 482 shares of Ambarella stock. The stock was 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 Price Performance

Shares of AMBA stock traded down $3.86 during trading on Tuesday, reaching $74.32. The company had a trading volume of 1,209,319 shares, compared to its average volume of 911,878. The company has a market capitalization of $3.10 billion, a PE ratio of -19.25 and a beta of 1.66. The firm’s 50 day simple moving average is $67.50 and its two-hundred day simple moving average is $58.96. Ambarella, Inc. has a one year low of $39.69 and a one year high of $81.32.

Institutional Investors Weigh In On Ambarella

Several hedge funds have recently modified their holdings of AMBA. Versor Investments LP raised its position in shares of Ambarella by 5.9% during the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock valued at $261,000 after buying an additional 256 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in 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 buying an additional 285 shares in the last quarter. Blue Trust Inc. increased its holdings in Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 321 shares during the period. Arizona State Retirement System raised its stake in shares of Ambarella by 3.7% in the 2nd quarter. Arizona State Retirement System now owns 10,893 shares of the semiconductor company’s stock valued at $588,000 after buying an additional 385 shares in the last quarter. Finally, Wrapmanager Inc. lifted its holdings in shares of Ambarella by 9.3% during the 2nd quarter. Wrapmanager Inc. now owns 5,523 shares of the semiconductor company’s stock worth $298,000 after acquiring an additional 470 shares during the period. 82.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Northland Securities reiterated an “outperform” rating and set a $95.00 price objective (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Craig Hallum increased their price target on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. StockNews.com cut shares of 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. Finally, Stifel Nicolaus upped 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. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.