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 Monday, January 13th. The shares were sold at an average price of $73.50, for a total value of $73,500.00. Following the transaction, the chief operating officer now owns 112,918 shares of the company’s stock, valued at approximately $8,299,473. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ambarella Price Performance

Shares of NASDAQ:AMBA traded down $0.63 during trading hours on Tuesday, hitting $73.90. 581,207 shares of the company’s stock traded hands, compared to its average volume of 799,026. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32. The business has a fifty day moving average price of $69.20 and a 200-day moving average price of $59.72. The firm has a market capitalization of $3.08 billion, a P/E ratio of -19.15 and a beta of 1.66.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new stake in shares of Ambarella during the second quarter valued at approximately $26,000. Blue Trust Inc. raised its stake 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 acquiring an additional 321 shares in the last quarter. Signaturefd LLC raised 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. Larson Financial Group LLC raised its stake 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 valued at $48,000 after acquiring an additional 842 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Ambarella during the third quarter valued at approximately $69,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AMBA shares. Northland Securities restated an “outperform” rating and set a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Morgan Stanley raised their price objective on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research report on Monday, December 16th. StockNews.com lowered Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price target on Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.