Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) COO Sells $75,900.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total transaction of $75,900.00. Following the transaction, the chief operating officer now directly owns 110,918 shares in the company, valued at $8,418,676.20. The trade was a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Ambarella Stock Performance

NASDAQ:AMBA opened at $80.79 on Monday. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of -20.93 and a beta of 1.66. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32. The business has a fifty day moving average of $70.58 and a 200-day moving average of $60.34.

Hedge Funds Weigh In On Ambarella

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 321 shares during the period. Signaturefd LLC lifted its position in Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 526 shares during the period. Larson Financial Group LLC boosted 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. Truvestments Capital LLC bought a new position in Ambarella during the 3rd quarter valued at $69,000. Finally, CWM LLC increased its position in shares of Ambarella by 173.6% during the 3rd quarter. CWM LLC now owns 1,483 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 941 shares during the period. Institutional investors own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a research note on Monday, December 16th. Northland Securities restated an “outperform” rating and set a $95.00 price objective (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Craig Hallum boosted their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, 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.