Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young Sells 2,103 Shares

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,103 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total value of $115,707.06. Following the completion of the sale, the chief financial officer now owns 113,886 shares in the company, valued at $6,266,007.72. This trade represents a 1.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ambarella Stock Performance

Shares of AMBA stock opened at $54.64 on Friday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of -14.16 and a beta of 1.78. The company has a 50-day simple moving average of $70.24 and a two-hundred day simple moving average of $65.32. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $85.15.

Institutional Trading of Ambarella

Large investors have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ boosted 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 last quarter. Aster Capital Management DIFC Ltd purchased a new position in Ambarella in the fourth quarter valued at approximately $37,000. Sterling Capital Management LLC grew its holdings in Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 516 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Ambarella in the fourth quarter worth $53,000. Finally, Larson Financial Group LLC raised its stake in shares of Ambarella by 6,014.3% in the third quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 842 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AMBA shares. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Northland Securities reaffirmed an “outperform” rating and set a $95.00 price target (up previously from $75.00) on shares of Ambarella in a research report on Wednesday, November 27th. Susquehanna lifted their price objective on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities restated a “buy” rating and set a $100.00 target price on shares of Ambarella in a research report on Thursday, February 27th. Finally, Craig Hallum lifted their target price on Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $86.67.

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.