Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) COO Sells 1,000 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $73.48, for a total value of $73,480.00. Following the transaction, the chief operating officer now owns 114,918 shares of the company’s stock, valued at approximately $8,444,174.64. The trade was a 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ambarella Stock Performance

AMBA opened at $75.67 on Friday. The stock’s 50 day moving average price is $68.85 and its 200-day moving average price is $59.48. Ambarella, Inc. has a one year low of $39.69 and a one year high of $81.32. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -19.60 and a beta of 1.66.

Analyst Ratings Changes

Several equities analysts have weighed in on AMBA shares. Stifel Nicolaus raised their price target on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Craig Hallum raised their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a research report on Monday, December 16th. Needham & Company LLC increased their price objective on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, StockNews.com downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

Hedge Funds Weigh In On Ambarella

Hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in shares of Ambarella during the second quarter valued at $26,000. Blue Trust Inc. lifted its holdings in Ambarella by 180.3% during 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 in the last quarter. Signaturefd LLC boosted its position in Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 526 shares during the period. Larson Financial Group LLC grew 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 acquiring an additional 842 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in Ambarella in the 3rd quarter worth about $69,000. Institutional investors own 82.09% of the company’s stock.

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.