Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) VP Sells $70,046.60 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 929 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $75.40, for a total transaction of $70,046.60. Following the transaction, the vice president now owns 15,777 shares of the company’s stock, valued at approximately $1,189,585.80. This represents a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 16th, Christopher Day sold 482 shares of Ambarella stock. The stock was sold at an average price of $75.41, for a total transaction of $36,347.62.
• On Monday, December 2nd, Christopher Day sold 1,278 shares of Ambarella stock. The stock was sold at an average price of $71.61, for a total transaction of $91,517.58.
• On Thursday, October 3rd, Christopher Day sold 2,904 shares of Ambarella stock. The stock was sold at an average price of $58.00, for a total transaction of $168,432.00.

Ambarella Trading Up 3.3 %

Shares of Ambarella stock opened at $70.93 on Monday. The business has a 50-day moving average price of $63.91 and a two-hundred day moving average price of $57.58. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $81.32. The company has a market cap of $2.96 billion, a P/E ratio of -18.38 and a beta of 1.68.

Analyst Upgrades and Downgrades

AMBA has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen boosted their price objective on shares of Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Susquehanna boosted their price objective on shares of Ambarella from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Wednesday, November 27th. Westpark Capital reissued a “buy” rating and issued a $85.00 price objective on shares of Ambarella in a research note on Monday, August 26th. Finally, StockNews.com cut shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Institutional Trading of Ambarella

A number of large investors have recently bought and sold shares of the business. CWM LLC boosted its position in shares of Ambarella by 127.7% during the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 304 shares in the last quarter. Tributary Capital Management LLC boosted its position in shares of Ambarella by 2.2% during the 2nd quarter. Tributary Capital Management LLC now owns 285,667 shares of the semiconductor company’s stock worth $15,412,000 after purchasing an additional 6,020 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Ambarella by 12.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 205,233 shares of the semiconductor company’s stock worth $11,072,000 after purchasing an additional 22,276 shares in the last quarter. Legato Capital Management LLC bought a new position in shares of Ambarella during the 2nd quarter worth about $790,000. Finally, Azzad Asset Management Inc. ADV boosted its position in shares of Ambarella by 2.4% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company’s stock worth $539,000 after purchasing an additional 231 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

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.