Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day Sells 479 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 479 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $26,354.58. Following the completion of the sale, the vice president now directly owns 15,441 shares of the company’s stock, valued at $849,563.82. This represents a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Christopher Day also recently made the following trade(s):

• On Friday, January 3rd, Christopher Day sold 1,247 shares of Ambarella stock. The shares were sold at an average price of $78.10, for a total transaction of $97,390.70.

Ambarella Trading Down 0.9 %

NASDAQ AMBA opened at $54.64 on Friday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $85.15. The firm has a market capitalization of $2.28 billion, a P/E ratio of -14.16 and a beta of 1.78. The firm’s fifty day simple moving average is $70.24 and its two-hundred day simple moving average is $65.32.

Institutional Investors Weigh In On Ambarella

A number of large investors have recently bought and sold shares of AMBA. Oppenheimer & Co. Inc. purchased a new stake in Ambarella during the 3rd quarter worth approximately $663,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Ambarella by 18.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 226,502 shares of the semiconductor company’s stock valued at $12,776,000 after purchasing an additional 35,977 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Ambarella in the third quarter worth about $722,000. Charles Schwab Investment Management Inc. lifted its position in Ambarella by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 320,319 shares of the semiconductor company’s stock worth $18,068,000 after buying an additional 3,700 shares in the last quarter. Finally, Algert Global LLC increased its stake in shares of Ambarella by 76.2% in the 3rd quarter. Algert Global LLC now owns 94,999 shares of the semiconductor company’s stock worth $5,358,000 after acquiring an additional 41,094 shares during the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on AMBA shares. Stifel Nicolaus lifted their target price on Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Morgan Stanley boosted their price target on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research note 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 report on Monday, December 16th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Finally, StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Five equities research 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 price target of $86.67.

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.