Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee Sells 1,000 Shares

Ambarella, Inc. (NASDAQ:AMBA) COO Chan W. Lee sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $75.90, for a total value of $75,900.00. Following the completion of the sale, the chief operating officer now owns 110,918 shares in the company, valued at approximately $8,418,676.20. This represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ambarella Stock Performance

NASDAQ:AMBA opened at $80.79 on Friday. The stock’s fifty day moving average price is $70.58 and its two-hundred day moving average price is $60.32. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $81.32. The company has a market cap of $3.37 billion, a price-to-earnings ratio of -20.93 and a beta of 1.66.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Susquehanna upped their price objective on Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Wednesday, November 27th. StockNews.com downgraded Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Needham & Company LLC boosted their target price on Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Craig Hallum boosted 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. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $100.00 target price on shares of Ambarella in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMBA. Blue Trust Inc. lifted its stake in shares of Ambarella by 180.3% in the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 321 shares during the period. Signaturefd LLC lifted its stake in shares of Ambarella by 389.6% in the 3rd quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 526 shares during the period. Larson Financial Group LLC lifted its stake in shares of Ambarella by 6,014.3% in the 3rd 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 during the period. Truvestments Capital LLC acquired a new position in shares of Ambarella in the 3rd quarter valued at $69,000. Finally, CWM LLC lifted its stake in shares of Ambarella by 173.6% in the 3rd quarter. CWM LLC now owns 1,483 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 941 shares during the period. Institutional investors and hedge funds 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.