Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day Sells 479 Shares

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 479 shares of Ambarella stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the completion of the transaction, the vice president now directly owns 15,441 shares in the company, valued at $849,563.82. This trade represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, January 3rd, Christopher Day sold 1,247 shares of Ambarella stock. The stock was sold at an average price of $78.10, for a total transaction of $97,390.70.

Ambarella Price Performance

Shares of AMBA opened at $54.26 on Friday. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15. The company has a 50-day simple moving average of $69.81 and a two-hundred day simple moving average of $65.29. The firm has a market capitalization of $2.26 billion, a PE ratio of -14.06 and a beta of 1.78.

Institutional Trading of Ambarella

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tributary Capital Management LLC lifted its holdings in shares of Ambarella by 15.4% during the fourth quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company’s stock valued at $20,917,000 after purchasing an additional 38,380 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of Ambarella by 592.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock worth $1,460,000 after purchasing an additional 22,144 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Ambarella in the 4th quarter worth approximately $553,000. Mirabella Financial Services LLP bought a new stake in shares of Ambarella in the 3rd quarter worth approximately $1,530,000. Finally, FMR LLC boosted its position in shares of Ambarella by 185.4% in the 3rd quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock worth $965,000 after purchasing an additional 11,110 shares in the last quarter. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a research report on Thursday, February 27th. Morgan Stanley increased their target price on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Stifel Nicolaus boosted their price target on Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Northland Securities reissued an “outperform” rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Ambarella has a consensus rating of “Moderate Buy” and an average price target of $86.67.

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.