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Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young Sells 2,136 Shares

Ambarella logo with Computer and Technology background

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CFO John Alexander Young sold 2,136 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $161,075.76. Following the completion of the transaction, the chief financial officer now owns 101,393 shares in the company, valued at approximately $7,646,046.13. The trade was a 2.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ambarella Stock Down 5.5 %

Shares of AMBA stock traded down $4.08 on Wednesday, reaching $69.75. The company's stock had a trading volume of 577,306 shares, compared to its average volume of 607,316. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $81.32. The stock's 50 day simple moving average is $63.28 and its 200-day simple moving average is $57.31. The company has a market capitalization of $2.91 billion, a P/E ratio of -18.07 and a beta of 1.68.

Institutional Trading of Ambarella

A number of large investors have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in Ambarella during the second quarter valued at approximately $26,000. Blue Trust Inc. increased its holdings in Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock valued at $27,000 after buying an additional 321 shares during the last quarter. CWM LLC raised its position in Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 304 shares during the period. Signaturefd LLC boosted its stake in shares of Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 526 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 842 shares during the last quarter. Institutional investors own 82.09% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on AMBA shares. StockNews.com lowered Ambarella from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Northland Securities reaffirmed an "outperform" rating and set a $95.00 price objective (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Needham & Company LLC lifted their target price on shares of Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Rosenblatt Securities restated a "buy" rating and set a $100.00 price target on shares of Ambarella in a research note on Friday, December 6th. Finally, Westpark Capital reaffirmed a "buy" rating and issued a $85.00 price objective on shares of Ambarella in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.17.

View Our Latest Report 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.

Further Reading

Insider Buying and Selling by Quarter for Ambarella (NASDAQ:AMBA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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