Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) VP Sells $26,354.58 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 479 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $26,354.58. Following the sale, the vice president now owns 15,441 shares in the company, valued at $849,563.82. This represents a 3.01 % decrease in their position. The transaction 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 Friday, January 3rd, Christopher Day sold 1,247 shares of Ambarella stock. The stock was sold at an average price of $78.10, for a total transaction of $97,390.70.

Ambarella Trading Down 0.7 %

Shares of NASDAQ:AMBA opened at $54.26 on Friday. The stock has a market capitalization of $2.26 billion, a PE ratio of -14.06 and a beta of 1.78. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $85.15. The firm has a fifty day moving average price of $69.81 and a 200 day moving average price of $65.35.

Analyst Ratings Changes

Several analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research report on Thursday, February 27th. Stifel Nicolaus lifted their target price on Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Susquehanna upped their price objective on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Morgan Stanley upped their price target on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ambarella has an average rating of “Moderate Buy” and an average price target of $86.67.

Institutional Trading of Ambarella

Several large investors have recently made changes to their positions in AMBA. Tributary Capital Management LLC raised its stake in shares of Ambarella by 15.4% in the 4th quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company’s stock valued at $20,917,000 after acquiring an additional 38,380 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position 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 purchasing an additional 22,144 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Ambarella in the fourth quarter worth $553,000. Mirabella Financial Services LLP bought a new stake in shares of Ambarella during the 3rd quarter worth $1,530,000. Finally, FMR LLC grew its stake in Ambarella by 185.4% in the 3rd quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock valued at $965,000 after buying an additional 11,110 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

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.