Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) COO Sells 1,000 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $73.50, for a total transaction of $73,500.00. Following the completion of the sale, the chief operating officer now directly owns 112,918 shares of the company’s stock, valued at approximately $8,299,473. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ambarella Stock Performance

Shares of AMBA opened at $76.16 on Thursday. The stock has a 50-day moving average of $69.86 and a two-hundred day moving average of $59.97. The stock has a market cap of $3.18 billion, a P/E ratio of -19.73 and a beta of 1.66. Ambarella, Inc. has a one year low of $39.69 and a one year high of $81.32.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMBA. Meeder Asset Management Inc. acquired a new position in Ambarella in the 2nd quarter worth approximately $26,000. Blue Trust Inc. lifted its stake in Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 321 shares during the period. Signaturefd LLC boosted its holdings in shares of Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 526 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Ambarella by 6,014.3% in the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 842 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of Ambarella in the third quarter worth $69,000. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMBA. Morgan Stanley upped their price objective on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a research report on Monday, December 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a research report on Friday, December 6th. Craig Hallum increased their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $95.00 price target (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.