Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young Sells 2,136 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,136 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $161,075.76. Following the transaction, the chief financial officer now owns 101,393 shares in the company, valued at approximately $7,646,046.13. The trade was a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ambarella Trading Down 5.5 %

AMBA opened at $69.75 on Thursday. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $81.32. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of -18.07 and a beta of 1.68. The company has a fifty day simple moving average of $63.49 and a 200 day simple moving average of $57.40.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in Ambarella in the second quarter worth about $26,000. Blue Trust Inc. grew its position in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 321 shares in the last quarter. CWM LLC increased its holdings in shares of Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 304 shares during the last quarter. Signaturefd LLC raised its position in shares of Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 526 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of 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 acquiring an additional 842 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on AMBA. Northland Securities reaffirmed an “outperform” rating and set a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Stifel Nicolaus boosted their price target on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Monday. Craig Hallum lifted their price objective on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Westpark Capital reissued a “buy” rating and set a $85.00 target price on shares of Ambarella in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.17.

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.