Ambarella, Inc. (NASDAQ:AMBA) CTO Leslie Kohn Sells 1,757 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) CTO Leslie Kohn sold 1,757 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $132,495.37. Following the sale, the chief technology officer now directly owns 959,676 shares in the company, valued at $72,369,167.16. This represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ambarella Trading Down 5.5 %

Shares of AMBA opened at $69.75 on Thursday. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $81.32. The firm has a market capitalization of $2.91 billion, a P/E ratio of -18.07 and a beta of 1.68. The stock’s fifty day simple moving average is $63.49 and its 200 day simple moving average is $57.40.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AMBA shares. StockNews.com cut shares of Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Stifel Nicolaus lifted their target price on Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Bank of America upgraded 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 reissued a “buy” rating and set a $85.00 price objective on shares of Ambarella in a research report on Monday, August 26th. Finally, Roth Mkm restated a “neutral” rating and issued a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Ambarella presently has an average rating of “Moderate Buy” and a consensus price target of $84.17.

Institutional Trading of Ambarella

A number of institutional investors have recently added to or reduced their stakes in AMBA. Lord Abbett & CO. LLC acquired a new position in Ambarella during the 3rd quarter worth approximately $3,905,000. Geode Capital Management LLC grew its stake in Ambarella by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock valued at $51,719,000 after purchasing an additional 14,568 shares in the last quarter. Sender Co & Partners Inc. purchased a new stake in Ambarella during the 3rd quarter worth approximately $481,000. Barclays PLC boosted its stake in shares of Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after buying an additional 286,296 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in Ambarella by 8.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 12,573 shares of the semiconductor company’s stock valued at $709,000 after acquiring an additional 1,002 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

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.