Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) VP Christopher Day sold 929 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $75.40, for a total transaction of $70,046.60. Following the completion of the sale, the vice president now directly owns 15,777 shares of the company's stock, valued at approximately $1,189,585.80. This represents a 5.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Christopher Day also recently made the following trade(s):
- On Monday, December 16th, Christopher Day sold 482 shares of Ambarella stock. The shares were sold at an average price of $75.41, for a total transaction of $36,347.62.
- On Monday, December 2nd, Christopher Day sold 1,278 shares of Ambarella stock. The shares were sold at an average price of $71.61, for a total transaction of $91,517.58.
- On Thursday, October 3rd, Christopher Day sold 2,904 shares of Ambarella stock. The shares were sold at an average price of $58.00, for a total transaction of $168,432.00.
Ambarella Stock Performance
Shares of Ambarella stock traded up $2.29 during midday trading on Friday, reaching $70.93. 1,368,934 shares of the company's stock traded hands, compared to its average volume of 609,897. The company has a market cap of $2.96 billion, a price-to-earnings ratio of -18.38 and a beta of 1.68. The company's 50 day simple moving average is $63.69 and its 200 day simple moving average is $57.48. Ambarella, Inc. has a 52 week low of $39.69 and a 52 week high of $81.32.
Analyst Upgrades and Downgrades
Several brokerages recently commented on AMBA. Rosenblatt Securities restated a "buy" rating and issued a $100.00 price target on shares of Ambarella in a research report on Friday, December 6th. Stifel Nicolaus upped their price target on shares of Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Craig Hallum upped their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Bank of America upgraded shares of 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. Finally, Roth Mkm reiterated a "neutral" rating and issued a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $84.17.
Get Our Latest Research Report on AMBA
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in shares of Ambarella during the 2nd quarter valued at $26,000. Blue Trust Inc. raised its holdings in shares of Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 321 shares in the last quarter. CWM LLC raised its holdings in shares of Ambarella by 127.7% during the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 304 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Ambarella by 389.6% during the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 526 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Ambarella by 6,014.3% in 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 period. Institutional investors own 82.09% of the company's stock.
About Ambarella
(
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
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.
Before you consider Ambarella, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ambarella wasn't on the list.
While Ambarella currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
