Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young Sells 2,136 Shares

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,136 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $161,075.76. Following the completion of the transaction, the chief financial officer now owns 101,393 shares in the company, valued at approximately $7,646,046.13. The trade was a 2.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ambarella Stock Down 5.5 %

Shares of AMBA stock traded down $4.08 on Wednesday, reaching $69.75. The company’s stock had a trading volume of 577,306 shares, compared to its average volume of 607,316. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The stock’s 50 day simple moving average is $63.28 and its 200-day simple moving average is $57.31. The company has a market capitalization of $2.91 billion, a P/E ratio of -18.07 and a beta of 1.68.

Institutional Trading of Ambarella

A number of large investors have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in Ambarella during the second quarter valued at approximately $26,000. Blue Trust Inc. increased its holdings in Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 321 shares during the last quarter. CWM LLC raised its position in Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 304 shares during the period. Signaturefd LLC boosted its stake in shares of Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 526 shares during the last quarter. Finally, 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 acquiring an additional 842 shares during the last quarter. Institutional investors own 82.09% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on AMBA shares. StockNews.com lowered Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Northland Securities reaffirmed an “outperform” rating and set a $95.00 price objective (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Needham & Company LLC lifted their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Rosenblatt Securities restated a “buy” rating and set a $100.00 price target on shares of Ambarella in a research note on Friday, December 6th. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Ambarella in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.17.

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.