Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee Sells 1,000 Shares

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $74.12, for a total transaction of $74,120.00. Following the sale, the chief operating officer now owns 113,918 shares in the company, valued at approximately $8,443,602.16. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ambarella Trading Up 2.7 %

Shares of AMBA opened at $78.18 on Friday. The company’s fifty day simple moving average is $70.19 and its 200-day simple moving average is $60.10. The company has a market cap of $3.26 billion, a P/E ratio of -20.25 and a beta of 1.66. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $81.32.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and set a $100.00 price objective on shares of Ambarella in a research report on Friday, December 6th. StockNews.com cut Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Monday, December 16th. Stifel Nicolaus lifted 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. Finally, Morgan Stanley raised their target price on shares of Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Ambarella currently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Institutional Trading of Ambarella

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. lifted its holdings in Ambarella by 1,556.9% during the 2nd quarter. Point72 Asset Management L.P. now owns 507,006 shares of the semiconductor company’s stock valued at $27,353,000 after buying an additional 476,406 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Ambarella by 36.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock valued at $69,698,000 after buying an additional 343,385 shares during the period. Barclays PLC raised its holdings in shares of Ambarella by 281.3% in the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after purchasing an additional 286,296 shares in the last quarter. Marshall Wace LLP increased its holdings in Ambarella by 69.2% during the second quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company’s stock valued at $33,090,000 after buying an additional 250,778 shares during the period. Finally, Millennium Management LLC raised its stake in Ambarella by 7.0% in the second quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock worth $78,091,000 after buying an additional 94,257 shares in 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.