Ambarella, Inc. (NASDAQ:AMBA – Get Rating) VP Christopher Day sold 2,420 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $76.85, for a total value of $185,977.00. Following the transaction, the vice president now directly owns 21,792 shares in the company, valued at approximately $1,674,715.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Christopher Day also recently made the following trade(s):
- On Thursday, March 9th, Christopher Day sold 358 shares of Ambarella stock. The stock was sold at an average price of $82.25, for a total value of $29,445.50.
Ambarella Trading Down 0.8 %
NASDAQ AMBA traded down $0.59 on Friday, hitting $76.81. 786,729 shares of the company’s stock were exchanged, compared to its average volume of 507,868. The stock has a 50-day moving average of $87.95 and a 200-day moving average of $74.20. Ambarella, Inc. has a 52 week low of $49.02 and a 52 week high of $109.17. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of -44.92 and a beta of 1.53.
Institutional Investors Weigh In On Ambarella
Analysts Set New Price Targets
AMBA has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on Ambarella from $76.00 to $90.00 in a research report on Monday, November 21st. Morgan Stanley decreased their target price on Ambarella from $105.00 to $97.28 and set an “overweight” rating on the stock in a research report on Wednesday, March 1st. Cowen decreased their target price on Ambarella from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, December 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research report on Wednesday, March 1st. Finally, Robert W. Baird upped their target price on Ambarella from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, March 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.78.
Ambarella, Inc engages in the development and sale of video compression, image processing, and computer vision solutions. It offers processors and software that cater to end markets including security cameras, automotive cameras, industrial and robotic applications, and consumer applications. The company was founded by Feng Ming Wang and Leslie D.
- Get a free copy of the StockNews.com research report on Ambarella (AMBA)
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