Ambarella, Inc. (NASDAQ:AMBA) VP Sells $91,517.58 in Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 1,278 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $71.61, for a total transaction of $91,517.58. Following the sale, the vice president now directly owns 17,188 shares in the company, valued at approximately $1,230,832.68. The trade was a 6.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 value of $168,432.00.
• On Tuesday, September 17th, Christopher Day sold 483 shares of Ambarella stock. The shares were sold at an average price of $53.54, for a total transaction of $25,859.82.

Ambarella Stock Performance

Shares of AMBA stock traded up $1.67 during mid-day trading on Tuesday, hitting $71.84. 1,560,648 shares of the stock traded hands, compared to its average volume of 776,673. The stock’s fifty day moving average is $59.60 and its two-hundred day moving average is $55.59. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $81.32.

Wall Street Analysts Forecast Growth

AMBA has been the topic of a number of recent analyst reports. Northland Securities reissued an “outperform” rating and issued a $95.00 price objective (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Stifel Nicolaus boosted their price objective on Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Rosenblatt Securities reiterated a “buy” rating and issued a $85.00 target price on shares of Ambarella in a research note on Friday, August 23rd. Bank of America boosted their target price on shares of Ambarella from $57.00 to $65.00 and gave the company an “underperform” rating in a research note on Wednesday, November 27th. Finally, Westpark Capital restated a “buy” rating and issued a $85.00 price target on shares of Ambarella in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

Hedge Funds Weigh In On Ambarella

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in shares of Ambarella by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 916,757 shares of the semiconductor company’s stock valued at $51,719,000 after purchasing an additional 14,568 shares during the last quarter. Sender Co & Partners Inc. acquired a new position in Ambarella during the 3rd quarter valued at about $481,000. Barclays PLC raised its stake in Ambarella by 281.3% in the third 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 last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Ambarella by 8.7% during the third 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 last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Ambarella during the third quarter valued at about $843,000. 82.09% of the stock is owned by hedge funds and other institutional investors.

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.