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 the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $80,769.36. Following the completion of the transaction, the chief operating officer now owns 130,297 shares in the company, valued at approximately $7,168,940.94. The trade was a 1.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ambarella Stock Down 0.9 %

Shares of NASDAQ:AMBA opened at $54.64 on Friday. The firm has a fifty day simple moving average of $70.24 and a two-hundred day simple moving average of $65.32. 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 52 week low of $39.69 and a 52 week high of $85.15.

Hedge Funds Weigh In On Ambarella

A number of institutional investors and hedge funds have recently modified their holdings 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 worth $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 in the fourth quarter valued at $37,000. Sterling Capital Management LLC lifted its holdings in shares of Ambarella by 629.3% in the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 516 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of 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, SBI Securities Co. Ltd. bought a new position in Ambarella during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Needham & Company LLC boosted their price objective on shares of Ambarella from $100.00 to $110.00 and gave the stock 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 objective on the stock in a report on Monday, December 16th. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Susquehanna upped their price target on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley lifted their price objective on Ambarella from $73.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Ambarella has an average rating of “Moderate Buy” and a consensus price target of $86.67.

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.