Feng-Ming Wang Sells 3,194 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CEO Feng-Ming Wang sold 3,194 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $175,733.88. Following the transaction, the chief executive officer now owns 798,311 shares in the company, valued at approximately $43,923,071.22. The trade was a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ambarella Stock Up 2.5 %

Shares of NASDAQ AMBA traded up $1.35 during trading on Monday, reaching $55.61. 531,686 shares of the company traded hands, compared to its average volume of 656,460. The firm has a 50 day simple moving average of $69.81 and a 200-day simple moving average of $65.43. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $85.15. The stock has a market capitalization of $2.32 billion, a PE ratio of -14.41 and a beta of 1.78.

Analyst Upgrades and Downgrades

AMBA has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective 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. Bank of America raised Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 price target for the company in a research report on Monday, December 16th. Rosenblatt Securities reiterated a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th. StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Northland Securities reiterated an "outperform" rating and issued a $95.00 price target (up previously from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Ambarella has an average rating of "Moderate Buy" and a consensus price target of $86.67.

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Institutional Trading of Ambarella

Several institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Ambarella during the 4th quarter valued at approximately $278,000. Centaurus Financial Inc. bought a new stake in shares of Ambarella during the fourth quarter valued at approximately $325,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Ambarella in the fourth quarter worth $452,000. Mackenzie Financial Corp boosted its position in shares of Ambarella by 3.2% during the fourth quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock worth $466,000 after acquiring an additional 201 shares during the last quarter. Finally, Castleark Management LLC purchased a new position in Ambarella during the fourth quarter valued at $2,325,000. 82.09% of the stock is currently owned by institutional investors.

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.