Christopher Day Sells 479 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) VP Christopher Day sold 479 shares of Ambarella stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the sale, the vice president now directly owns 15,441 shares of the company's stock, valued at $849,563.82. This trade represents a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Christopher Day also recently made the following trade(s):

• On Friday, January 3rd, Christopher Day sold 1,247 shares of Ambarella stock. The stock was sold at an average price of $78.10, for a total value of $97,390.70.

Ambarella Stock Performance

Ambarella stock traded up $1.35 during trading hours on Monday, reaching $55.61. 531,686 shares of the stock were exchanged, compared to its average volume of 656,460. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $85.15. The stock has a market cap of $2.32 billion, a P/E ratio of -14.41 and a beta of 1.78. The firm's 50 day moving average is $69.81 and its 200 day moving average is $65.43.

Analyst Upgrades and Downgrades

AMBA has been the topic of several recent analyst reports. Bank of America upgraded shares of Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a research note on Monday, December 16th. Rosenblatt Securities restated a "buy" rating and issued a $100.00 price objective on shares of Ambarella in a research note on Thursday, February 27th. Northland Securities reissued an "outperform" rating and issued a $95.00 target price (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Stifel Nicolaus increased their price objective on Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, February 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $86.67.

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Institutional Investors Weigh In On Ambarella

A number of hedge funds and other institutional investors have recently modified their holdings of AMBA. Oppenheimer & Co. Inc. acquired a new position in Ambarella during the third quarter worth $663,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Ambarella by 18.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 226,502 shares of the semiconductor company's stock valued at $12,776,000 after acquiring an additional 35,977 shares during the last quarter. Intech Investment Management LLC acquired a new position in Ambarella during the third quarter worth about $722,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ambarella by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 320,319 shares of the semiconductor company's stock valued at $18,068,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Algert Global LLC grew its holdings in Ambarella by 76.2% during the 3rd quarter. Algert Global LLC now owns 94,999 shares of the semiconductor company's stock valued at $5,358,000 after buying an additional 41,094 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

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.