Christopher Day Sells 482 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 482 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $75.41, for a total transaction of $36,347.62. Following the completion of the sale, the vice president now directly owns 16,706 shares in the company, valued at approximately $1,259,799.46. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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.
• On Thursday, October 3rd, Christopher Day sold 2,904 shares of Ambarella stock. The stock was sold at an average price of $58.00, for a total value of $168,432.00.

Ambarella Price Performance

NASDAQ AMBA opened at $68.64 on Friday. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -17.78 and a beta of 1.68. The company has a fifty day moving average price of $63.69 and a 200-day moving average price of $57.48.

Hedge Funds Weigh In On Ambarella

Several hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in Ambarella during the second quarter valued at $26,000. Blue Trust Inc. boosted its position in Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares during the period. CWM LLC raised its position in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 304 shares during the period. Signaturefd LLC boosted its holdings in Ambarella by 389.6% in 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 period. Finally, Larson Financial Group LLC lifted 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 acquiring an additional 842 shares in the last quarter. Institutional investors own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AMBA shares. StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Craig Hallum boosted their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. 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. TD Cowen upped their price objective on shares of Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, Susquehanna raised their target price on Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Ambarella has an average rating of “Moderate Buy” and a consensus target price 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.