Ambarella, Inc. (NASDAQ:AMBA) Director Sells $27,750.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total transaction of $27,750.00. Following the completion of the sale, the director now directly owns 40,281 shares of the company’s stock, valued at approximately $2,235,595.50. This represents a 1.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ambarella Stock Down 3.9 %

Shares of AMBA stock opened at $50.61 on Friday. Ambarella, Inc. has a 12-month low of $39.69 and a 12-month high of $85.15. The firm has a fifty day moving average of $67.51 and a 200-day moving average of $65.29. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -13.11 and a beta of 1.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC bought a new position in shares of Ambarella during the 4th quarter valued at about $278,000. Centaurus Financial Inc. acquired a new stake in Ambarella during the 4th quarter worth approximately $325,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Ambarella in the fourth quarter valued at approximately $452,000. Mackenzie Financial Corp boosted its holdings in shares of 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 buying an additional 201 shares during the period. Finally, Castleark Management LLC bought a new stake in shares of Ambarella during the fourth quarter worth $2,325,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com raised Ambarella from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Needham & Company LLC boosted their price objective on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Stifel Nicolaus raised their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Finally, Susquehanna increased their price objective on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Ambarella has a consensus rating of “Moderate Buy” and a consensus target price 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.