Ambarella, Inc. (NASDAQ:AMBA) CTO Sells $87,151.68 in Stock

Ambarella, Inc. (NASDAQ:AMBA) CTO Leslie Kohn sold 1,584 shares of Ambarella stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $87,151.68. Following the sale, the chief technology officer now owns 981,392 shares of the company’s stock, valued at approximately $53,996,187.84. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ambarella Stock Performance

AMBA stock opened at $54.26 on Friday. The stock has a market capitalization of $2.26 billion, a P/E ratio of -14.06 and a beta of 1.78. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15. The company has a 50 day moving average price of $69.81 and a two-hundred day moving average price of $65.35.

Institutional Trading of Ambarella

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arizona State Retirement System grew its stake in Ambarella by 1.4% in the 4th quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company’s stock worth $827,000 after acquiring an additional 156 shares during the period. Summit Investment Advisors Inc. grew its stake in Ambarella by 4.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 161 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 184 shares during the period. Pacer Advisors Inc. grew its stake in Ambarella by 24.2% in the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 188 shares during the period. Finally, Mackenzie Financial Corp grew its stake in Ambarella by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company’s stock worth $466,000 after acquiring an additional 201 shares during the period. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Northland Securities reiterated an “outperform” rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Susquehanna lifted their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Craig Hallum lifted their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley lifted their price target on shares of 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.