Ambarella, Inc. (NASDAQ:AMBA) CTO Sells $132,495.37 in Stock

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CTO Leslie Kohn sold 1,757 shares of the business'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 $132,495.37. Following the transaction, the chief technology officer now owns 959,676 shares of the company's stock, valued at $72,369,167.16. This represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ambarella Stock Performance

Shares of NASDAQ:AMBA traded down $4.08 during midday trading on Wednesday, reaching $69.75. The company had a trading volume of 577,306 shares, compared to its average volume of 607,316. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $81.32. The company has a fifty day simple moving average of $63.28 and a two-hundred day simple moving average of $57.31. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of -18.07 and a beta of 1.68.

Institutional Trading of Ambarella

Several large investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Ambarella in the second quarter worth approximately $26,000. Blue Trust Inc. increased its stake in Ambarella by 180.3% in the 3rd 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 period. CWM LLC increased its stake in Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company's stock valued at $29,000 after buying an additional 304 shares during the period. Signaturefd LLC lifted its position in Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock worth $37,000 after buying an additional 526 shares in 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 valued at $48,000 after buying an additional 842 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMBA shares. Craig Hallum boosted their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Morgan Stanley upped their target price on shares of Ambarella from $73.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Roth Mkm reissued a "neutral" rating and issued a $60.00 price objective on shares of Ambarella in a report on Wednesday, August 28th. Bank of America raised Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 target price on the stock in a research note on Monday. Finally, Northland Securities reissued an "outperform" rating and issued a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Ambarella has an average rating of "Moderate Buy" and an average price target of $84.17.

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.

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