Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) CFO Sells 2,103 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CFO John Alexander Young sold 2,103 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $115,707.06. Following the completion of the sale, the chief financial officer now directly owns 113,886 shares of the company's stock, valued at $6,266,007.72. The trade was a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ambarella Price Performance

Ambarella stock traded up $1.35 during midday trading on Monday, reaching $55.61. The stock had a trading volume of 531,686 shares, compared to its average volume of 656,460. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $85.15. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -14.41 and a beta of 1.78. The firm's fifty day simple moving average is $69.81 and its two-hundred day simple moving average is $65.43.

Analyst Ratings Changes

AMBA has been the topic of several recent analyst reports. Susquehanna boosted their target price on Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a report on Wednesday, January 22nd. Northland Securities reissued an "outperform" rating and issued a $95.00 price objective (up previously from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Bank of America upgraded Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 price objective for the company in a report on Monday, December 16th. StockNews.com raised Ambarella from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Morgan Stanley boosted their price target on shares of Ambarella from $73.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $86.67.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ boosted its position in Ambarella by 68.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 184 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Ambarella in the fourth quarter worth approximately $37,000. Sterling Capital Management LLC boosted its holdings in shares of Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 516 shares during the period. Larson Financial Group LLC grew its position in Ambarella by 6,014.3% during the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 842 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Ambarella in the 4th quarter valued at approximately $53,000. Hedge funds and other institutional investors own 82.09% of the company's stock.

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.