Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young Sells 2,103 Shares

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,103 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $115,707.06. Following the completion of the transaction, the chief financial officer now owns 113,886 shares in the company, valued at $6,266,007.72. This represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ambarella Price Performance

Shares of AMBA stock opened at $54.26 on Friday. The stock has a market capitalization of $2.26 billion, a PE ratio of -14.06 and a beta of 1.78. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $85.15. The business has a 50-day moving average of $69.81 and a 200 day moving average of $65.35.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley upped their target price on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. 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 report on Monday, December 16th. Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Thursday, February 27th. Finally, Susquehanna upped their price objective on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.67.

Institutional Investors Weigh In On Ambarella

Several institutional investors have recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ raised its position in Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Ambarella during the 4th quarter valued at approximately $37,000. Sterling Capital Management LLC raised its position in Ambarella by 629.3% during the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 516 shares during the last quarter. Larson Financial Group LLC raised its position in Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 842 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Ambarella during the 4th quarter valued at approximately $53,000. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

About Ambarella

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.