Ambarella (NASDAQ:AMBA) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $53.62 and traded as high as $62.00. Ambarella shares last traded at $61.66, with a volume of 405,313 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMBA shares. Stifel Nicolaus boosted their price objective on Ambarella from $75.00 to $80.00 and gave the company a "buy" rating in a research report on Wednesday, August 28th. Susquehanna decreased their price objective on Ambarella from $80.00 to $70.00 and set a "positive" rating for the company in a report on Monday, October 21st. Bank of America upped their price target on Ambarella from $50.00 to $57.00 and gave the stock an "underperform" rating in a report on Wednesday, August 28th. Westpark Capital reaffirmed a "buy" rating and set a $85.00 price target on shares of Ambarella in a research report on Monday, August 26th. Finally, Morgan Stanley upped their target price on Ambarella from $67.00 to $73.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ambarella presently has a consensus rating of "Hold" and a consensus price target of $74.09.

Ambarella Stock Performance

The business's 50 day moving average price is $56.51 and its 200-day moving average price is $53.62. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -14.27 and a beta of 1.63.

Ambarella (NASDAQ:AMBA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.06. The company had revenue of $63.70 million during the quarter, compared to analysts' expectations of $62.10 million. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. The business's quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned ($0.76) EPS. On average, equities research analysts expect that Ambarella, Inc. will post -3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Christopher Day sold 483 shares of the business's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $25,859.82. Following the completion of the sale, the vice president now owns 21,370 shares in the company, valued at $1,144,149.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Christopher Day sold 483 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $25,859.82. Following the completion of the sale, the vice president now owns 21,370 shares in the company, valued at approximately $1,144,149.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Feng-Ming Wang sold 4,382 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $56.02, for a total value of $245,479.64. Following the sale, the chief executive officer now directly owns 803,574 shares of the company's stock, valued at $45,016,215.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,423 shares of company stock valued at $1,356,402. 5.70% of the stock is owned by insiders.

Institutional Trading of Ambarella

Institutional investors have recently bought and sold shares of the business. Azzad Asset Management Inc. ADV lifted its stake in Ambarella by 2.4% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 9,983 shares of the semiconductor company's stock valued at $539,000 after buying an additional 231 shares in the last quarter. Versor Investments LP boosted its position in Ambarella by 5.9% in the 3rd quarter. Versor Investments LP now owns 4,619 shares of the semiconductor company's stock valued at $261,000 after buying an additional 256 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Ambarella by 6.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,767 shares of the semiconductor company's stock valued at $269,000 after buying an additional 285 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in Ambarella by 1.7% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 17,522 shares of the semiconductor company's stock valued at $945,000 after buying an additional 288 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Ambarella by 127.7% during the second quarter. CWM LLC now owns 542 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 304 shares during the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

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.