Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) CFO Sells 2,103 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,103 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $115,707.06. Following the sale, the chief financial officer now directly owns 113,886 shares of the company’s stock, valued at $6,266,007.72. The trade was a 1.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ambarella Stock Down 0.9 %

AMBA stock traded down $0.51 during mid-day trading on Thursday, reaching $54.64. The company had a trading volume of 475,471 shares, compared to its average volume of 654,069. The stock has a market capitalization of $2.28 billion, a P/E ratio of -14.16 and a beta of 1.78. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15. The stock’s 50-day simple moving average is $70.67 and its two-hundred day simple moving average is $65.40.

Institutional Investors Weigh In On Ambarella

Hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Ambarella during the fourth quarter valued at about $52,770,000. Point72 Asset Management L.P. raised its stake in shares of Ambarella by 70.0% during the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock valued at $48,626,000 after purchasing an additional 355,078 shares in the last quarter. Invesco Ltd. raised its stake in shares of Ambarella by 736.7% during the fourth quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company’s stock valued at $24,421,000 after purchasing an additional 295,606 shares in the last quarter. Barclays PLC raised its stake in shares of Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after purchasing an additional 286,296 shares in the last quarter. Finally, Woodline Partners LP raised its stake in shares of Ambarella by 2,367.1% during the fourth quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company’s stock valued at $19,155,000 after purchasing an additional 252,659 shares in the last quarter. 82.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on AMBA shares. Craig Hallum raised their price target on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus lifted their price objective on shares of Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Morgan Stanley lifted their price objective on shares of Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.