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

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 1,247 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $78.10, for a total value of $97,390.70. Following the completion of the transaction, the vice president now owns 14,530 shares of the company’s stock, valued at $1,134,793. The trade was a 7.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, December 18th, Christopher Day sold 929 shares of Ambarella stock. The stock was 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 value of $36,347.62.
• On Monday, December 2nd, Christopher Day sold 1,278 shares of Ambarella stock. The shares were sold at an average price of $71.61, for a total value of $91,517.58.

Ambarella Stock Performance

Ambarella stock opened at $74.32 on Wednesday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of -19.25 and a beta of 1.66. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $81.32. The stock’s 50 day moving average price is $67.50 and its two-hundred day moving average price is $58.96.

Analysts Set New Price Targets

AMBA has been the topic of a number of research reports. Rosenblatt Securities reissued a “buy” rating and set a $100.00 target price on shares of Ambarella in a report on Friday, December 6th. Morgan Stanley increased 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. StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Northland Securities reissued an “outperform” rating and issued a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Finally, Needham & Company LLC raised their price objective on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. increased its stake in Ambarella by 1,556.9% in the second quarter. Point72 Asset Management L.P. now owns 507,006 shares of the semiconductor company’s stock valued at $27,353,000 after purchasing an additional 476,406 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Ambarella by 36.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock valued at $69,698,000 after buying an additional 343,385 shares during the period. Barclays PLC grew its stake in shares of Ambarella by 281.3% in the 3rd quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after buying an additional 286,296 shares during the period. Marshall Wace LLP increased its position in Ambarella by 69.2% in the 2nd quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company’s stock valued at $33,090,000 after buying an additional 250,778 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Ambarella by 230.1% during the 2nd quarter. Acadian Asset Management LLC now owns 172,444 shares of the semiconductor company’s stock worth $9,299,000 after buying an additional 120,204 shares during the period. 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.