Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) VP Sells 479 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) VP Christopher Day sold 479 shares of Ambarella stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $26,354.58. Following the transaction, the vice president now directly owns 15,441 shares of the company’s stock, valued at approximately $849,563.82. This trade represents a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, January 3rd, Christopher Day sold 1,247 shares of Ambarella stock. The shares were sold at an average price of $78.10, for a total transaction of $97,390.70.

Ambarella Stock Down 0.9 %

Shares of Ambarella stock traded down $0.51 during trading hours on Thursday, reaching $54.64. 475,471 shares of the company’s stock were exchanged, compared to its average volume of 654,069. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $85.15. The company has a market capitalization of $2.28 billion, a P/E ratio of -14.16 and a beta of 1.78. The business has a fifty day moving average of $70.67 and a two-hundred day moving average of $65.40.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMBA shares. Craig Hallum lifted their target price on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Stifel Nicolaus lifted their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Monday, December 16th. 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. Finally, Susquehanna boosted their price target on shares of Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Ambarella presently has an average rating of “Moderate Buy” and a consensus target price of $86.67.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ lifted its position in Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Ambarella during the fourth quarter worth approximately $37,000. Sterling Capital Management LLC increased its stake in Ambarella by 629.3% in the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 516 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Ambarella in the fourth quarter valued at approximately $53,000. Finally, Larson Financial Group LLC increased its stake in 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.

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.