Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day Sells 929 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 929 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $75.40, for a total transaction of $70,046.60. Following the completion of the transaction, the vice president now directly owns 15,777 shares of the company’s stock, valued at $1,189,585.80. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 16th, Christopher Day sold 482 shares of Ambarella stock. The stock was sold at an average price of $75.41, for a total transaction of $36,347.62.
• On Monday, December 2nd, Christopher Day sold 1,278 shares of Ambarella stock. The shares were sold at an average price of $71.61, for a total value of $91,517.58.
• On Thursday, October 3rd, Christopher Day sold 2,904 shares of Ambarella stock. The shares were sold at an average price of $58.00, for a total value of $168,432.00.

Ambarella Price Performance

Shares of NASDAQ AMBA opened at $70.93 on Friday. The company has a 50 day simple moving average of $63.91 and a 200 day simple moving average of $57.58. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $81.32. The firm has a market cap of $2.96 billion, a PE ratio of -18.38 and a beta of 1.68.

Analysts Set New Price Targets

AMBA has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective 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. Stifel Nicolaus increased their price objective on Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Susquehanna boosted their price objective on shares of Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a report on Wednesday, November 27th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th. Finally, Northland Securities restated an “outperform” rating and set a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $84.17.

Institutional Trading of Ambarella

A number of institutional investors and hedge funds have recently bought and sold shares of AMBA. Lord Abbett & CO. LLC acquired a new position in Ambarella in the third quarter valued at $3,905,000. Geode Capital Management LLC boosted its position in shares of Ambarella by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock valued at $51,719,000 after purchasing an additional 14,568 shares in the last quarter. Sender Co & Partners Inc. acquired a new stake in Ambarella during the third quarter worth approximately $481,000. Barclays PLC boosted its holdings in shares of Ambarella by 281.3% during the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock worth $21,891,000 after buying an additional 286,296 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its position in shares of Ambarella by 8.7% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 12,573 shares of the semiconductor company’s stock worth $709,000 after buying an additional 1,002 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

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.