Ambarella, Inc. (NASDAQ:AMBA) CTO Leslie Kohn Sells 1,584 Shares

Ambarella, Inc. (NASDAQ:AMBA) CTO Leslie Kohn sold 1,584 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $87,151.68. Following the sale, the chief technology officer now directly owns 981,392 shares of the company’s stock, valued at approximately $53,996,187.84. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ambarella Price Performance

NASDAQ:AMBA traded down $0.51 during midday trading on Thursday, hitting $54.64. The company’s stock had a trading volume of 475,471 shares, compared to its average volume of 654,069. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $85.15. The firm’s 50 day moving average is $70.67 and its 200-day moving average is $65.40. The firm has a market cap of $2.28 billion, a P/E ratio of -14.16 and a beta of 1.78.

Hedge Funds Weigh In On Ambarella

Hedge funds and other institutional investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ increased its holdings in Ambarella by 68.7% in the 4th 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 period. Aster Capital Management DIFC Ltd acquired a new position in Ambarella in the 4th quarter worth approximately $37,000. Sterling Capital Management LLC increased its holdings in 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 buying an additional 516 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Ambarella in the 4th quarter worth approximately $53,000. Finally, Larson Financial Group LLC boosted its position in Ambarella by 6,014.3% in 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 in the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a research 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 research report on Monday, December 16th. Stifel Nicolaus increased their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Craig Hallum upped their price objective on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus 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.