Trexquant Investment LP Has $2.24 Million Position in Ambarella, Inc. (NASDAQ:AMBA)

Trexquant Investment LP lessened its holdings in shares of Ambarella, Inc. (NASDAQ:AMBA) by 71.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,779 shares of the semiconductor company’s stock after selling 78,641 shares during the period. Trexquant Investment LP owned approximately 0.07% of Ambarella worth $2,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMBA. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Ambarella by 68.7% in the fourth 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. SBI Securities Co. Ltd. acquired a new position in Ambarella in the 4th quarter worth $53,000. R Squared Ltd acquired a new position in Ambarella in the 4th quarter worth $68,000. National Bank of Canada FI bought a new position in Ambarella during the 4th quarter worth about $69,000. Finally, Pacer Advisors Inc. raised its stake in shares of Ambarella by 24.2% in the 4th quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 188 shares during the period. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ambarella

In other Ambarella news, VP Christopher Day sold 479 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $26,354.58. Following the transaction, the vice president now owns 15,441 shares in the company, valued at $849,563.82. This trade represents a 3.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Leslie Kohn sold 1,584 shares of Ambarella stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $87,151.68. Following the sale, the chief technology officer now directly owns 981,392 shares of the company’s stock, valued at $53,996,187.84. This represents a 0.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,328 shares of company stock worth $810,467. Company insiders own 5.70% of the company’s stock.

Ambarella Stock Down 0.6 %

AMBA opened at $41.67 on Tuesday. Ambarella, Inc. has a 12-month low of $38.86 and a 12-month high of $85.15. The business has a 50 day moving average of $63.51 and a 200-day moving average of $65.18. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -10.80 and a beta of 1.86.

Analyst Ratings Changes

A number of research firms recently issued reports on AMBA. Needham & Company LLC increased their price objective on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 price target on shares of Ambarella in a research note 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 research report on Monday, December 16th. Stifel Nicolaus raised their target price 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. Finally, Susquehanna lifted their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.