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 firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $75.90, for a total value of $75,900.00. Following the completion of the sale, the chief operating officer now directly owns 110,918 shares of the company’s stock, valued at approximately $8,418,676.20. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ambarella Stock Performance

Shares of AMBA stock opened at $80.79 on Monday. The stock’s 50 day simple moving average is $70.58 and its 200 day simple moving average is $60.34. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $81.32. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of -20.93 and a beta of 1.66.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMBA. Craig Hallum raised their price objective on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Northland Securities restated an “outperform” rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Susquehanna upped their price objective on shares of Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. Stifel Nicolaus lifted their target price on shares of Ambarella from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC upped their price target on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Ambarella has an average rating of “Moderate Buy” and a consensus target price of $84.17.

Hedge Funds Weigh In On Ambarella

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Ambarella by 592.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock worth $1,460,000 after buying an additional 22,144 shares during the period. Mirabella Financial Services LLP bought a new position in Ambarella in the 3rd quarter worth $1,530,000. FMR LLC lifted its position in Ambarella by 185.4% during the 3rd quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock worth $965,000 after acquiring an additional 11,110 shares during the last quarter. Millennium Management LLC boosted its holdings in Ambarella by 7.0% during the second quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company’s stock valued at $78,091,000 after acquiring an additional 94,257 shares during the period. Finally, Larson Financial Group LLC grew its position 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 valued at $48,000 after purchasing an additional 842 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

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.