Sender Co & Partners Inc. Takes $481,000 Position in Ambarella, Inc. (NASDAQ:AMBA)

Sender Co & Partners Inc. purchased a new position in Ambarella, Inc. (NASDAQ:AMBA - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,522 shares of the semiconductor company's stock, valued at approximately $481,000. Ambarella comprises approximately 0.6% of Sender Co & Partners Inc.'s holdings, making the stock its 27th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of AMBA. Meeder Asset Management Inc. bought a new stake in Ambarella during the 2nd quarter valued at about $26,000. Blue Trust Inc. grew its stake in Ambarella by 180.3% in 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 in the last quarter. CWM LLC increased its holdings in Ambarella by 127.7% during the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 304 shares during the period. Signaturefd LLC raised its position in Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 526 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Ambarella by 6,014.3% during 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. 82.09% of the stock is owned by hedge funds and other institutional investors.

Ambarella Price Performance

AMBA traded down $2.25 on Tuesday, reaching $72.46. 250,462 shares of the stock were exchanged, compared to its average volume of 605,989. The company's 50-day moving average price is $61.21 and its 200 day moving average price is $56.37. The firm has a market capitalization of $2.99 billion, a PE ratio of -19.35 and a beta of 1.68. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $81.32.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Northland Securities reiterated an "outperform" rating and set a $95.00 target price (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Stifel Nicolaus lifted their price objective on shares of Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. StockNews.com downgraded shares of Ambarella from a "hold" rating to a "sell" rating in a research note on Tuesday. Morgan Stanley increased their target price on Ambarella from $73.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Finally, Roth Mkm reissued a "neutral" rating and issued a $60.00 price target on shares of Ambarella in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Ambarella presently has a consensus rating of "Hold" and a consensus target price of $82.92.

Insider Activity at Ambarella

In related news, VP Christopher Day sold 1,278 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $71.61, for a total value of $91,517.58. Following the completion of the sale, the vice president now owns 17,188 shares of the company's stock, valued at approximately $1,230,832.68. The trade was a 6.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Alexander Young sold 2,139 shares of Ambarella stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $53.54, for a total transaction of $114,522.06. Following the completion of the sale, the chief financial officer now owns 103,529 shares in the company, valued at approximately $5,542,942.66. This trade represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,356 shares of company stock worth $859,210 over the last quarter. Insiders own 5.70% of the company's stock.

About Ambarella

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.