Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) CEO Sells 4,296 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 4,296 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 $323,961.36. Following the completion of the sale, the chief executive officer now owns 755,231 shares of the company’s stock, valued at approximately $56,951,969.71. This trade represents a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ambarella Stock Performance

Shares of NASDAQ:AMBA opened at $69.75 on Thursday. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32. The stock has a 50-day simple moving average of $63.49 and a 200-day simple moving average of $57.40. The stock has a market capitalization of $2.91 billion, a P/E ratio of -18.07 and a beta of 1.68.

Institutional Investors Weigh In On Ambarella

Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in shares of Ambarella during the second quarter worth $26,000. Blue Trust Inc. boosted its position 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 last quarter. CWM LLC boosted its position in Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 304 shares during the last quarter. Signaturefd LLC grew its stake in shares of Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 526 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Ambarella by 6,014.3% in 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 and hedge funds own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

AMBA has been the topic of a number of recent research reports. Roth Mkm restated a “neutral” rating and issued a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. StockNews.com cut shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Craig Hallum raised their target price 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. Susquehanna increased their price objective on Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Finally, Bank of America raised 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. 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 stock. According to MarketBeat.com, Ambarella currently has an average rating of “Moderate Buy” and a consensus price target 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.