Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee Sells 1,468 Shares

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,468 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $80,769.36. Following the completion of the sale, the chief operating officer now directly owns 130,297 shares of the company’s stock, valued at approximately $7,168,940.94. This trade represents a 1.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ambarella Stock Performance

Shares of Ambarella stock traded down $0.51 during trading on Thursday, reaching $54.64. The company’s stock had a trading volume of 475,471 shares, compared to its average volume of 654,069. The business’s fifty day moving average price is $70.67 and its 200-day moving average price is $65.40. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of -14.16 and a beta of 1.78. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America raised Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a research report on Monday, December 16th. Susquehanna lifted their price objective on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Craig Hallum lifted their price objective on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus lifted their price objective on Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley lifted their price objective on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Ambarella presently has an average rating of “Moderate Buy” and an average target price of $86.67.

Hedge Funds Weigh In On Ambarella

A number of institutional investors have recently made changes to their positions in AMBA. Oppenheimer & Co. Inc. bought a new position in shares of Ambarella in the third quarter worth about $663,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Ambarella by 18.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 226,502 shares of the semiconductor company’s stock worth $12,776,000 after purchasing an additional 35,977 shares during the period. Intech Investment Management LLC bought a new position in shares of Ambarella in the third quarter worth about $722,000. Charles Schwab Investment Management Inc. increased its stake in shares of Ambarella by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 320,319 shares of the semiconductor company’s stock worth $18,068,000 after purchasing an additional 3,700 shares during the period. Finally, Algert Global LLC increased its stake in shares of Ambarella by 76.2% in the third quarter. Algert Global LLC now owns 94,999 shares of the semiconductor company’s stock worth $5,358,000 after purchasing an additional 41,094 shares during the period. 82.09% of the stock is currently owned by 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.