Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) Director Sells 253 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Elizabeth M. Schwarting sold 253 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $71.55, for a total transaction of $18,102.15. Following the transaction, the director now directly owns 7,902 shares of the company’s stock, valued at $565,388.10. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ambarella Stock Up 3.3 %

AMBA opened at $70.93 on Friday. The firm’s 50 day moving average is $63.91 and its 200-day moving average is $57.58. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $81.32. The firm has a market capitalization of $2.96 billion, a P/E ratio of -18.38 and a beta of 1.68.

Institutional Investors Weigh In On Ambarella

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its position in Ambarella by 592.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock valued at $1,460,000 after buying an additional 22,144 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of Ambarella during the third quarter worth about $1,530,000. FMR LLC lifted its stake in shares of Ambarella by 185.4% in the third quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock worth $965,000 after acquiring an additional 11,110 shares in the last quarter. Millennium Management LLC boosted its holdings in Ambarella by 7.0% in the second quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock valued at $78,091,000 after purchasing an additional 94,257 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 842 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Craig Hallum lifted their target price on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. TD Cowen upped their price target on Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Roth Mkm reiterated a “neutral” rating and set a $60.00 target price on shares of Ambarella in a report on Wednesday, August 28th. Finally, Westpark Capital reissued a “buy” rating and set a $85.00 target price on shares of Ambarella in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.