Chan W. Lee Sells 1,000 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $74.12, for a total value of $74,120.00. Following the transaction, the chief operating officer now directly owns 113,918 shares of the company’s stock, valued at approximately $8,443,602.16. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ambarella Stock Up 3.1 %

NASDAQ:AMBA opened at $76.16 on Thursday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -19.73 and a beta of 1.66. The stock’s 50 day moving average price is $69.86 and its two-hundred day moving average price is $59.97.

Institutional Investors Weigh In On Ambarella

A number of large investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new position in Ambarella during the second quarter worth $26,000. Blue Trust Inc. raised its position in shares of Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 321 shares during the period. Signaturefd LLC lifted its stake in shares of Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after buying an additional 526 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after buying an additional 842 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Ambarella in the 3rd quarter valued at about $69,000. Institutional investors own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Northland Securities reissued an “outperform” rating and issued a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Stifel Nicolaus lifted their price target on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Susquehanna increased their price objective on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research report on Friday, December 6th. Finally, Morgan Stanley upped their target price on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.