Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) CFO Sells 2,103 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,103 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $115,707.06. Following the transaction, the chief financial officer now owns 113,886 shares in the company, valued at approximately $6,266,007.72. The trade was a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ambarella Trading Down 0.9 %

NASDAQ:AMBA traded down $0.51 during trading hours on Thursday, hitting $54.64. The stock had a trading volume of 475,471 shares, compared to its average volume of 654,069. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $85.15. The business has a 50 day simple moving average of $70.67 and a two-hundred day simple moving average of $65.40. The company has a market cap of $2.28 billion, a PE ratio of -14.16 and a beta of 1.78.

Institutional Trading of Ambarella

Large investors have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ grew its position in Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ambarella during the fourth quarter worth approximately $37,000. Sterling Capital Management LLC grew its position in shares of Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock worth $43,000 after buying an additional 516 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Ambarella during the fourth quarter worth approximately $53,000. Finally, Larson Financial Group LLC grew its position in shares of Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after buying an additional 842 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMBA shares. Needham & Company LLC increased their price objective on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Craig Hallum raised their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Susquehanna raised their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Finally, Stifel Nicolaus raised their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company 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.