Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) CEO Sells 3,194 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 3,194 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $175,733.88. Following the completion of the transaction, the chief executive officer now owns 798,311 shares of the company’s stock, valued at $43,923,071.22. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ambarella Price Performance

NASDAQ:AMBA traded down $0.51 during trading hours on Thursday, reaching $54.64. 475,471 shares of the stock were exchanged, compared to its average volume of 654,069. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $85.15. The firm has a 50 day moving average of $70.67 and a 200 day moving average of $65.40. The stock has a market cap of $2.28 billion, a PE ratio of -14.16 and a beta of 1.78.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMBA shares. Northland Securities reiterated an “outperform” rating and issued a $95.00 price objective (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Stifel Nicolaus boosted 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. Craig Hallum boosted 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. Needham & Company LLC boosted their price objective on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Susquehanna boosted 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. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $86.67.

Institutional Investors Weigh In On Ambarella

Several large investors have recently made changes to their positions in AMBA. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Ambarella in the 4th quarter valued at approximately $52,770,000. Point72 Asset Management L.P. boosted its holdings in shares of Ambarella by 70.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock valued at $48,626,000 after buying an additional 355,078 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Ambarella by 736.7% in the 4th quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company’s stock valued at $24,421,000 after buying an additional 295,606 shares during the last quarter. Barclays PLC boosted 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 buying an additional 286,296 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of Ambarella by 2,367.1% in the 4th quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company’s stock valued at $19,155,000 after buying an additional 252,659 shares during the last quarter. Institutional investors and hedge funds 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.