Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley Sells 500 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley sold 500 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the completion of the transaction, the director now owns 40,281 shares in the company, valued at $2,235,595.50. This represents a 1.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ambarella Stock Performance

Shares of NASDAQ:AMBA opened at $53.94 on Thursday. The company’s fifty day moving average is $68.62 and its two-hundred day moving average is $65.38. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $85.15. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -13.97 and a beta of 1.78.

Institutional Investors Weigh In On Ambarella

Several institutional investors and hedge funds have recently bought and sold shares of AMBA. Intech Investment Management LLC acquired a new position in Ambarella in the third quarter valued at approximately $722,000. Charles Schwab Investment Management Inc. raised its position in shares of Ambarella by 1.2% during the 3rd 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. Larson Financial Group LLC lifted its holdings in shares of Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 842 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Ambarella by 592.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock valued at $1,460,000 after purchasing an additional 22,144 shares during the period. Finally, Truvestments Capital LLC bought a new position in Ambarella during the 3rd quarter worth $69,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMBA. Needham & Company LLC lifted their target price on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a report on Monday, December 16th. Craig Hallum increased their target price on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Finally, StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.