Ambarella, Inc. (NASDAQ:AMBA) CTO Sells $87,151.68 in Stock

Ambarella, Inc. (NASDAQ:AMBA) CTO Leslie Kohn sold 1,584 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $87,151.68. Following the sale, the chief technology officer now directly owns 981,392 shares of the company’s stock, valued at $53,996,187.84. This represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ambarella Price Performance

Shares of AMBA stock opened at $54.26 on Friday. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $85.15. The firm has a market capitalization of $2.26 billion, a P/E ratio of -14.06 and a beta of 1.78. The company’s fifty day moving average price is $69.81 and its two-hundred day moving average price is $65.35.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMBA. Morgan Stanley boosted their price objective on shares of Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Northland Securities restated an “outperform” rating and set a $95.00 target price (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Needham & Company LLC lifted their target price on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Susquehanna lifted their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Finally, Craig Hallum lifted their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Institutional Investors Weigh In On Ambarella

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System increased its position in shares of Ambarella by 1.4% in the 4th quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company’s stock worth $827,000 after purchasing an additional 156 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Ambarella by 4.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company’s stock worth $288,000 after purchasing an additional 161 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 184 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Ambarella by 24.2% in the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 188 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Ambarella by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company’s stock worth $466,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

About Ambarella

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.