Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee Sells 1,488 Shares

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,488 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $112,210.08. Following the transaction, the chief operating officer now owns 119,918 shares of the company’s stock, valued at $9,043,016.38. This trade represents a 1.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ambarella Stock Down 1.6 %

Shares of AMBA stock opened at $68.64 on Friday. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -17.78 and a beta of 1.68. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $81.32. The company’s 50 day moving average is $63.69 and its 200 day moving average is $57.48.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Northland Securities reiterated an “outperform” rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Craig Hallum upped their price target on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. StockNews.com downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Ambarella presently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Institutional Trading of Ambarella

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in shares of Ambarella in the 2nd quarter valued at about $26,000. Blue Trust Inc. grew its holdings in shares of Ambarella by 180.3% during the third 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 increased its position in shares of 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 acquiring an additional 304 shares during the period. Signaturefd LLC raised its stake 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 acquiring an additional 526 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in 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 acquiring an additional 842 shares during the period. Institutional investors own 82.09% of the company’s stock.

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.