Ambarella, Inc. (NASDAQ:AMBA) Director Sells $27,750.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) Director Christopher B. Paisley sold 500 shares of Ambarella stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total value of $27,750.00. Following the sale, the director now directly owns 40,281 shares of the company's stock, valued at approximately $2,235,595.50. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ambarella Price Performance

Shares of Ambarella stock traded down $2.08 on Friday, hitting $50.61. 364,805 shares of the company's stock traded hands, compared to its average volume of 674,614. The company has a fifty day moving average of $67.51 and a two-hundred day moving average of $65.48. Ambarella, Inc. has a one year low of $39.69 and a one year high of $85.15. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -13.11 and a beta of 1.78.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ increased its stake in Ambarella by 68.7% in the fourth 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 in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ambarella in the 4th quarter valued at about $37,000. Sterling Capital Management LLC increased its position in Ambarella by 629.3% in the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after buying an additional 516 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Ambarella during the 4th quarter worth approximately $53,000. Finally, Larson Financial Group LLC boosted its holdings in Ambarella by 6,014.3% in the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 842 shares in the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.

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Analyst Upgrades and Downgrades

AMBA has been the subject of a number of research analyst reports. 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 report on Monday, December 16th. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Rosenblatt Securities reiterated a "buy" rating and set a $100.00 target price on shares of Ambarella in a research report on Thursday, February 27th. Needham & Company LLC raised their price target on shares of Ambarella from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Ambarella from $95.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $86.67.

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.