Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day Sells 1,247 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 1,247 shares of Ambarella stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $78.10, for a total value of $97,390.70. Following the transaction, the vice president now owns 14,530 shares of the company’s stock, valued at $1,134,793. This represents a 7.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, December 18th, Christopher Day sold 929 shares of Ambarella stock. The shares were sold at an average price of $75.40, for a total value of $70,046.60.
• On Monday, December 16th, Christopher Day sold 482 shares of Ambarella stock. The shares were 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 stock was sold at an average price of $71.61, for a total transaction of $91,517.58.

Ambarella Stock Down 4.9 %

AMBA stock opened at $74.32 on Wednesday. The company’s 50-day moving average price is $67.50 and its two-hundred day moving average price is $58.96. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $81.32. The firm has a market cap of $3.10 billion, a P/E ratio of -19.25 and a beta of 1.66.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AMBA. Meeder Asset Management Inc. acquired a new stake in shares of Ambarella in the 2nd quarter valued at $26,000. Blue Trust Inc. boosted its stake in Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 321 shares in the last quarter. Signaturefd LLC boosted its stake in Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 526 shares in the last quarter. Larson Financial Group LLC grew its position in Ambarella by 6,014.3% in the third 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 during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Ambarella in the third quarter worth about $69,000. 82.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMBA has been the subject of several research reports. Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a research report on Monday, December 16th. Susquehanna boosted their price target on Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. StockNews.com cut Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Needham & Company LLC lifted their target price on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

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.