Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) CTO Leslie Kohn sold 1,584 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total transaction of $87,151.68. Following the sale, the chief technology officer now owns 981,392 shares of the company's stock, valued at $53,996,187.84. This trade represents a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ambarella Stock Performance
Shares of Ambarella stock traded up $1.35 on Monday, hitting $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 capitalization of $2.32 billion, a P/E ratio of -14.41 and a beta of 1.78. The stock has a 50 day moving average of $69.81 and a 200 day moving average of $65.43.
Wall Street Analysts Forecast Growth
AMBA has been the subject of several analyst reports. Stifel Nicolaus lifted their price objective on Ambarella from $95.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Bank of America upgraded shares of Ambarella from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a research report on Monday, December 16th. Needham & Company LLC increased their price target on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Rosenblatt Securities restated a "buy" rating and set a $100.00 price objective on shares of Ambarella in a research report on Thursday, February 27th. Finally, Morgan Stanley raised their target price on Ambarella from $73.00 to $90.00 and gave the company an "overweight" rating in a 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $86.67.
Get Our Latest Report on AMBA
Hedge Funds Weigh In On Ambarella
A number of hedge funds have recently modified their holdings of the business. Arizona State Retirement System raised its position in Ambarella by 1.4% during the 4th quarter. Arizona State Retirement System now owns 11,368 shares of the semiconductor company's stock worth $827,000 after purchasing an additional 156 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of Ambarella by 4.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,964 shares of the semiconductor company's stock worth $288,000 after acquiring an additional 161 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Ambarella by 68.7% in the fourth 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. Pacer Advisors Inc. boosted its holdings in Ambarella by 24.2% in the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company's stock valued at $70,000 after acquiring an additional 188 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Ambarella by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 6,406 shares of the semiconductor company's stock valued at $466,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company's stock.
Ambarella Company Profile
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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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