Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley Sells 500 Shares

Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the transaction, the director now directly owns 40,281 shares of the company’s stock, valued at $2,235,595.50. The trade was a 1.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ambarella Stock Performance

Shares of AMBA traded down $1.81 during trading hours on Wednesday, hitting $53.94. The company had a trading volume of 439,648 shares, compared to its average volume of 655,326. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -13.97 and a beta of 1.78. The firm has a fifty day moving average price of $69.07 and a 200-day moving average price of $65.46. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $85.15.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMBA. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Ambarella by 68.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Ambarella in the 4th quarter valued at approximately $37,000. Sterling Capital Management LLC boosted its stake in Ambarella by 629.3% during the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 516 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Ambarella by 6,014.3% in 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 in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Ambarella in the fourth quarter worth $53,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMBA. Stifel Nicolaus upped their target price on Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 27th. 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. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Monday, December 16th. Craig Hallum raised their target price on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.67.

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.