Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee Sells 1,000 Shares

by · The Cerbat Gem

Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) COO Chan W. Lee sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $79.15, for a total transaction of $79,150.00. Following the transaction, the chief operating officer now directly owns 116,918 shares in the company, valued at $9,254,059.70. This represents a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ambarella Stock Up 2.5 %

Shares of AMBA opened at $76.20 on Friday. The stock has a market cap of $3.18 billion, a PE ratio of -19.74 and a beta of 1.66. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The business has a 50-day simple moving average of $68.49 and a two-hundred day simple moving average of $59.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new stake in Ambarella during the 2nd quarter worth approximately $26,000. Blue Trust Inc. lifted its holdings in shares of Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares during the period. Signaturefd LLC grew its position in shares of Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 526 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of 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 buying an additional 842 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Ambarella in the third quarter worth approximately $69,000. Institutional investors and hedge funds own 82.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AMBA shares. StockNews.com lowered Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Craig Hallum boosted their price target on Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Stifel Nicolaus increased their price objective on shares of Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Needham & Company LLC boosted their target price on shares of Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, Bank of America upgraded shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price target on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.17.

Check Out Our Latest Report on Ambarella

Ambarella Company Profile

(Get Free Report)

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.

Featured Stories