Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day Sells 479 Shares

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 479 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $26,354.58. Following the transaction, the vice president now owns 15,441 shares in the company, valued at $849,563.82. This trade represents a 3.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, January 3rd, Christopher Day sold 1,247 shares of Ambarella stock. The shares were sold at an average price of $78.10, for a total transaction of $97,390.70.

Ambarella Price Performance

NASDAQ AMBA traded down $0.51 during trading on Thursday, reaching $54.64. 475,471 shares of the company’s stock traded hands, compared to its average volume of 654,069. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -14.16 and a beta of 1.78. The company’s 50 day simple moving average is $70.67 and its two-hundred day simple moving average is $65.40. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $85.15.

Institutional Trading of Ambarella

A number of institutional investors have recently modified their holdings of AMBA. Skandinaviska Enskilda Banken AB publ boosted its stake in Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Ambarella in the 4th quarter worth approximately $37,000. Sterling Capital Management LLC boosted its stake in Ambarella by 629.3% in the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 516 shares in the last quarter. Larson Financial Group LLC boosted its stake in Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 842 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Ambarella during the 4th quarter valued at approximately $53,000. 82.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Susquehanna boosted their price objective on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Craig Hallum raised their price target on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Bank of America raised shares of 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. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Ambarella presently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

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.