Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) CFO Sells 2,103 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,103 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $115,707.06. Following the completion of the sale, the chief financial officer now owns 113,886 shares of the company’s stock, valued at $6,266,007.72. The trade was a 1.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ambarella Price Performance

NASDAQ AMBA opened at $54.26 on Friday. The stock’s 50-day moving average is $69.81 and its two-hundred day moving average is $65.29. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $85.15. The firm has a market cap of $2.26 billion, a P/E ratio of -14.06 and a beta of 1.78.

Hedge Funds Weigh In On Ambarella

A number of institutional investors and hedge funds have recently bought and sold shares of AMBA. 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 valued at $32,000 after buying an additional 184 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Ambarella in the fourth quarter valued at $37,000. Sterling Capital Management LLC grew its position 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 acquiring an additional 516 shares during the period. Larson Financial Group LLC grew its position 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 acquiring an additional 842 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Ambarella during the 4th quarter worth about $53,000. Institutional investors own 82.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a research note on Thursday, February 27th. Northland Securities reissued an “outperform” rating and issued a $95.00 price target (up from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Stifel Nicolaus increased their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC increased their target price on shares of Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Ambarella currently has an average rating of “Moderate Buy” and an average price target of $86.67.

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.