Ambarella, Inc. (NASDAQ:AMBA) VP Sells $91,517.58 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 1,278 shares of Ambarella stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $71.61, for a total value of $91,517.58. Following the transaction, the vice president now owns 17,188 shares of the company’s stock, valued at $1,230,832.68. The trade was a 6.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, October 3rd, Christopher Day sold 2,904 shares of Ambarella stock. The stock was sold at an average price of $58.00, for a total value of $168,432.00.
• On Tuesday, September 17th, Christopher Day sold 483 shares of Ambarella stock. The shares were sold at an average price of $53.54, for a total transaction of $25,859.82.

Ambarella Stock Performance

Shares of AMBA traded up $1.67 during mid-day trading on Tuesday, reaching $71.84. The stock had a trading volume of 1,560,648 shares, compared to its average volume of 776,673. The business has a fifty day moving average of $59.60 and a 200 day moving average of $55.59. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $81.32.

Wall Street Analysts Forecast Growth

AMBA has been the subject of several analyst reports. Roth Mkm reissued a “neutral” rating and set a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Westpark Capital restated a “buy” rating and issued a $85.00 price target on shares of Ambarella in a research note on Monday, August 26th. TD Cowen increased their price objective on Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Susquehanna boosted their target price on Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Wednesday, November 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 price target on shares of Ambarella in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.67.

Institutional Investors Weigh In On Ambarella

A number of institutional investors have recently bought and sold shares of AMBA. Price T Rowe Associates Inc. MD boosted its stake in shares of Ambarella by 7.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,575 shares of the semiconductor company’s stock worth $1,045,000 after acquiring an additional 1,502 shares during the period. CWM LLC lifted its holdings in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after buying an additional 304 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of Ambarella by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company’s stock worth $945,000 after acquiring an additional 288 shares during the last quarter. SG Americas Securities LLC purchased a new position in Ambarella during the second quarter valued at $841,000. Finally, SWS Partners increased its holdings in Ambarella by 25.3% in the 2nd quarter. SWS Partners now owns 79,522 shares of the semiconductor company’s stock valued at $4,290,000 after acquiring an additional 16,049 shares during the last quarter. Hedge funds and other 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.