Ambarella, Inc. (NASDAQ:AMBA) CFO Sells $161,075.76 in Stock

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,136 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $161,075.76. Following the completion of the transaction, the chief financial officer now directly owns 101,393 shares in the company, valued at $7,646,046.13. This trade represents a 2.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ambarella Stock Performance

NASDAQ AMBA traded down $4.08 during mid-day trading on Wednesday, reaching $69.75. 577,306 shares of the stock were exchanged, compared to its average volume of 607,316. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32. The business’s 50 day moving average is $63.28 and its 200-day moving average is $57.31. The company has a market capitalization of $2.91 billion, a P/E ratio of -18.07 and a beta of 1.68.

Institutional Investors Weigh In On Ambarella

A number of institutional investors have recently modified their holdings of AMBA. Azzad Asset Management Inc. ADV raised its holdings in Ambarella by 2.4% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after purchasing an additional 231 shares during the period. Versor Investments LP grew its holdings in shares of Ambarella by 5.9% during the third quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock worth $261,000 after buying an additional 256 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Ambarella by 6.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company’s stock valued at $269,000 after acquiring an additional 285 shares during the last quarter. CWM LLC boosted its holdings in shares of Ambarella by 127.7% during the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 304 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 321 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMBA. Needham & Company LLC increased their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a research note on Monday. Westpark Capital reaffirmed a “buy” rating and issued a $85.00 target price on shares of Ambarella in a report on Monday, August 26th. StockNews.com cut Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus upped their price objective on Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average 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.