Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) VP Christopher Day sold 479 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the sale, the vice president now directly owns 15,441 shares of the company's stock, valued at approximately $849,563.82. This trade represents a 3.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Christopher Day also recently made the following trade(s):
- On Friday, January 3rd, Christopher Day sold 1,247 shares of Ambarella stock. The stock was sold at an average price of $78.10, for a total value of $97,390.70.
Ambarella Price Performance
NASDAQ AMBA opened at $54.64 on Friday. The firm's fifty day moving average price is $70.24 and its 200 day moving average price is $65.32. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $85.15. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of -14.16 and a beta of 1.78.
Hedge Funds Weigh In On Ambarella
Several hedge funds have recently made changes to their positions in AMBA. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of 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 purchasing an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Ambarella in the fourth quarter valued at approximately $37,000. Sterling Capital Management LLC boosted its holdings in shares of 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. SBI Securities Co. Ltd. purchased a new position in shares of Ambarella during the fourth quarter worth approximately $53,000. Finally, Larson Financial Group LLC increased its holdings in shares of Ambarella by 6,014.3% in the 3rd 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. Hedge funds and other institutional investors own 82.09% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Susquehanna upped their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a "positive" rating in a research report on Wednesday, January 22nd. Stifel Nicolaus boosted their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Needham & Company LLC increased their price objective 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. Craig Hallum boosted their target price on Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Finally, StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Ambarella presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.67.
Get Our Latest Analysis on AMBA
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
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
