Chan W. Lee Sells 1,000 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the sale, the chief operating officer now directly owns 116,918 shares of the company’s stock, valued at $9,254,059.70. This trade represents a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ambarella Price Performance

NASDAQ AMBA opened at $75.67 on Friday. The company has a market cap of $3.16 billion, a P/E ratio of -19.60 and a beta of 1.66. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $81.32. The stock has a 50-day moving average of $68.85 and a two-hundred day moving average of $59.48.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley lifted 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. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a research report on Monday, December 16th. Needham & Company LLC increased their price objective on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Rosenblatt Securities restated a “buy” rating and issued a $100.00 target price on shares of Ambarella in a research report on Friday, December 6th. Finally, StockNews.com cut Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One 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. Based on data from MarketBeat, Ambarella presently has a consensus rating of “Moderate Buy” and an average price target of $84.17.

Institutional Investors Weigh In On Ambarella

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

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.