Stock Traders Buy Large Volume of Put Options on Ambarella (NASDAQ:AMBA)

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) was the recipient of some unusual options trading on Thursday. Stock investors purchased 2,823 put options on the stock. This represents an increase of approximately 58% compared to the average daily volume of 1,790 put options.

Analysts Set New Price Targets

Several research firms have recently commented on AMBA. Morgan Stanley lifted their target price on Ambarella from $73.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. Craig Hallum lifted their target price on Ambarella from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Rosenblatt Securities reissued a "buy" rating and issued a $100.00 target price on shares of Ambarella in a research note on Thursday. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Northland Securities reissued an "outperform" rating and issued a $95.00 target price (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Five 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 stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.67.

Ambarella Stock Down 7.5 %

Shares of Ambarella stock traded down $4.62 during trading on Monday, reaching $56.81. 1,556,419 shares of the company were exchanged, compared to its average volume of 840,639. Ambarella has a twelve month low of $39.69 and a twelve month high of $85.15. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of -14.72 and a beta of 1.66. The business has a 50-day moving average price of $76.07 and a 200-day moving average price of $65.32.

Insider Buying and Selling at Ambarella

In other Ambarella news, VP Chi-Hong Ju sold 5,118 shares of Ambarella stock in a transaction on Monday, December 9th. The stock was sold at an average price of $75.71, for a total value of $387,483.78. Following the completion of the transaction, the vice president now owns 158,686 shares in the company, valued at approximately $12,014,117.06. The trade was a 3.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Feng-Ming Wang sold 4,296 shares of Ambarella stock in a transaction on Monday, December 16th. The shares were sold at an average price of $75.41, for a total value of $323,961.36. Following the completion of the transaction, the chief executive officer now owns 755,231 shares of the company's stock, valued at approximately $56,951,969.71. The trade was a 0.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,583 shares of company stock worth $1,853,918. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMBA. Blue Trust Inc. grew its stake in Ambarella by 180.3% in the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 321 shares during the period. Skandinaviska Enskilda Banken AB publ grew 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 acquiring an additional 184 shares during the period. Signaturefd LLC grew its stake in Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 526 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Ambarella in the fourth quarter valued at about $37,000. Finally, Sterling Capital Management LLC grew its stake in Ambarella by 629.3% in the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock valued at $43,000 after acquiring an additional 516 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

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.