Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) CFO Sells $161,075.76 in Stock

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,136 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $75.41, for a total value of $161,075.76. Following the sale, the chief financial officer now directly owns 101,393 shares of the company’s stock, valued at $7,646,046.13. This trade represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ambarella Stock Up 3.3 %

AMBA opened at $70.93 on Friday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The firm has a market capitalization of $2.96 billion, a P/E ratio of -18.38 and a beta of 1.68. The stock’s 50 day moving average price is $63.91 and its two-hundred day moving average price is $57.58.

Institutional Investors Weigh In On Ambarella

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC acquired a new stake in Ambarella in the 3rd quarter worth $3,905,000. Geode Capital Management LLC grew its position in Ambarella by 1.6% during the third quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock worth $51,719,000 after buying an additional 14,568 shares in the last quarter. Sender Co & Partners Inc. bought a new position in Ambarella during the third quarter valued at about $481,000. Barclays PLC increased its stake in Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after acquiring an additional 286,296 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Ambarella by 8.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 12,573 shares of the semiconductor company’s stock worth $709,000 after acquiring an additional 1,002 shares during the period. Institutional investors and hedge funds own 82.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Roth Mkm reaffirmed a “neutral” rating and issued a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. TD Cowen increased their target price on shares of Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Northland Securities reaffirmed an “outperform” rating and issued a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Finally, Needham & Company LLC increased their price objective on Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.