Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee Sells 1,468 Shares

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,468 shares of Ambarella stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $80,769.36. Following the completion of the transaction, the chief operating officer now directly owns 130,297 shares of the company’s stock, valued at approximately $7,168,940.94. This represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ambarella Price Performance

NASDAQ AMBA opened at $54.26 on Friday. The company has a market capitalization of $2.26 billion, a PE ratio of -14.06 and a beta of 1.78. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $85.15. The company has a fifty day moving average of $69.81 and a two-hundred day moving average of $65.29.

Institutional Trading of Ambarella

Large investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Ambarella in the third quarter valued at approximately $663,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Ambarella by 18.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 226,502 shares of the semiconductor company’s stock worth $12,776,000 after purchasing an additional 35,977 shares during the period. Intech Investment Management LLC acquired a new stake in Ambarella during the 3rd quarter worth $722,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Ambarella by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 320,319 shares of the semiconductor company’s stock worth $18,068,000 after buying an additional 3,700 shares during the period. Finally, Algert Global LLC boosted its stake in shares of Ambarella by 76.2% during the third quarter. Algert Global LLC now owns 94,999 shares of the semiconductor company’s stock worth $5,358,000 after buying an additional 41,094 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AMBA shares. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Thursday, February 27th. Craig Hallum boosted their price target on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Northland Securities reissued an “outperform” rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Morgan Stanley boosted their target price on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC boosted their price target on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.67.

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.