Insider Selling: Ambarella, Inc. (NASDAQ:AMBA) COO Sells 1,000 Shares of Stock

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) COO Chan W. Lee sold 1,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $73.50, for a total value of $73,500.00. Following the sale, the chief operating officer now owns 112,918 shares in the company, valued at approximately $8,299,473. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ambarella Stock Down 0.8 %

NASDAQ:AMBA traded down $0.63 on Tuesday, reaching $73.90. 581,207 shares of the company's stock traded hands, compared to its average volume of 799,026. The stock has a 50-day simple moving average of $69.20 and a 200-day simple moving average of $59.72. The firm has a market cap of $3.08 billion, a PE ratio of -19.15 and a beta of 1.66. Ambarella, Inc. has a 12 month low of $39.69 and a 12 month high of $81.32.

Analyst Ratings Changes

Several analysts have commented on AMBA shares. Stifel Nicolaus increased their target price on Ambarella from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Needham & Company LLC raised their price target on Ambarella from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Northland Securities restated an "outperform" rating and issued a $95.00 price target (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. StockNews.com downgraded Ambarella from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Finally, Craig Hallum raised their price target on Ambarella from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. One research 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.17.

Institutional Investors Weigh In On Ambarella

A number of institutional investors and hedge funds have recently bought and sold shares of AMBA. Point72 Asset Management L.P. raised its holdings in Ambarella by 1,556.9% during the second quarter. Point72 Asset Management L.P. now owns 507,006 shares of the semiconductor company's stock valued at $27,353,000 after acquiring an additional 476,406 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Ambarella by 36.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company's stock valued at $69,698,000 after acquiring an additional 343,385 shares during the period. Barclays PLC raised its holdings in Ambarella by 281.3% during the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company's stock valued at $21,891,000 after acquiring an additional 286,296 shares during the period. Marshall Wace LLP raised its holdings in Ambarella by 69.2% during the second quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company's stock valued at $33,090,000 after acquiring an additional 250,778 shares during the period. Finally, Millennium Management LLC raised its holdings in Ambarella by 7.0% during the second quarter. Millennium Management LLC now owns 1,447,466 shares of the semiconductor company's stock valued at $78,091,000 after acquiring an additional 94,257 shares during the period. 82.09% of the stock is owned by institutional investors.

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.

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