Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day Sells 482 Shares

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 482 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $36,347.62. Following the completion of the sale, the vice president now owns 16,706 shares in the company, valued at $1,259,799.46. This represents a 2.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, December 2nd, Christopher Day sold 1,278 shares of Ambarella stock. The stock was sold at an average price of $71.61, for a total transaction of $91,517.58.
• On Thursday, October 3rd, Christopher Day sold 2,904 shares of Ambarella stock. The shares were sold at an average price of $58.00, for a total transaction of $168,432.00.

Ambarella Trading Down 5.5 %

AMBA stock opened at $69.75 on Thursday. The company has a market cap of $2.91 billion, a PE ratio of -18.07 and a beta of 1.68. The stock has a 50-day moving average price of $63.49 and a two-hundred day moving average price of $57.40. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32.

Institutional Trading of Ambarella

A number of institutional investors have recently modified their holdings of AMBA. Azzad Asset Management Inc. ADV lifted its position in Ambarella by 2.4% during the second quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock valued at $539,000 after buying an additional 231 shares in the last quarter. Versor Investments LP raised its stake in shares of Ambarella by 5.9% in the 3rd quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company’s stock valued at $261,000 after acquiring an additional 256 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of 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 period. CWM LLC lifted 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 valued at $29,000 after acquiring an additional 304 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

AMBA has been the topic of a number of recent research reports. TD Cowen upped their target price on Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a research report on Friday, December 6th. Northland Securities reiterated an “outperform” rating and set a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Westpark Capital reissued a “buy” rating and issued a $85.00 target price on shares of Ambarella in a research note on Monday, August 26th. Finally, Needham & Company LLC raised their price target on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $84.17.

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.