Ambarella, Inc. (NASDAQ:AMBA) VP Sells $91,517.58 in Stock

Ambarella, Inc. (NASDAQ:AMBAGet Free Report) VP Christopher Day sold 1,278 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $71.61, for a total transaction of $91,517.58. Following the completion of the sale, the vice president now directly owns 17,188 shares of the company’s stock, valued at $1,230,832.68. This trade represents a 6.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, October 3rd, Christopher Day sold 2,904 shares of Ambarella stock. The stock was sold at an average price of $58.00, for a total transaction of $168,432.00.
  • On Tuesday, September 17th, Christopher Day sold 483 shares of Ambarella stock. The stock was sold at an average price of $53.54, for a total transaction of $25,859.82.

Ambarella Stock Performance

Shares of NASDAQ AMBA opened at $69.32 on Friday. The stock has a market cap of $2.86 billion, a PE ratio of -17.96 and a beta of 1.68. The business has a fifty day moving average of $60.54 and a two-hundred day moving average of $55.95. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $81.32.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMBA. Northland Securities reaffirmed an “outperform” rating and set a $95.00 price objective (up previously 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 $70.00 to $85.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Monday. Westpark Capital restated a “buy” rating and issued a $85.00 price objective on shares of Ambarella in a research note on Monday, August 26th. Finally, Stifel Nicolaus lifted their price target on shares of Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

Get Our Latest Research Report on AMBA

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd raised its holdings in shares of Ambarella by 592.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock valued at $1,460,000 after buying an additional 22,144 shares during the last quarter. Mirabella Financial Services LLP bought a new position in shares of Ambarella in the third quarter valued at about $1,530,000. SWS Partners raised its holdings in shares of Ambarella by 25.3% in the second quarter. SWS Partners now owns 79,522 shares of the semiconductor company’s stock valued at $4,290,000 after buying an additional 16,049 shares during the last quarter. Millennium Management LLC raised its holdings in Ambarella by 7.0% during the 2nd quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock worth $78,091,000 after purchasing an additional 94,257 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in Ambarella by 6,014.3% during 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. 82.09% of the stock is owned by institutional investors.

Ambarella Company Profile

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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.

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