Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee Sells 1,000 Shares

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of Ambarella stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the sale, the chief operating officer now directly owns 116,918 shares in the company, valued at $9,254,059.70. The trade was a 0.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Ambarella Stock Up 2.5 %

Shares of NASDAQ AMBA opened at $76.20 on Thursday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The firm’s 50-day simple moving average is $68.09 and its 200 day simple moving average is $59.21. The company has a market cap of $3.18 billion, a price-to-earnings ratio of -19.74 and a beta of 1.66.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMBA shares. Needham & Company LLC lifted their price target on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. StockNews.com lowered shares of Ambarella from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their price objective on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Craig Hallum increased their target price on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and an average target price of $84.17.

Institutional Trading of Ambarella

Several hedge funds have recently modified their holdings of AMBA. Meeder Asset Management Inc. acquired a new position in Ambarella during the 2nd quarter worth $26,000. Blue Trust Inc. increased its stake in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 321 shares during the period. Signaturefd LLC raised its position in shares of Ambarella by 389.6% during the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 526 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Ambarella by 6,014.3% during 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 period. Finally, Truvestments Capital LLC bought a new position in Ambarella in the third quarter valued at about $69,000. 82.09% of the stock is owned by institutional investors.

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.