Trexquant Investment LP Has $2.24 Million Stock Holdings in Ambarella, Inc. (NASDAQ:AMBA)

Trexquant Investment LP lowered its stake in Ambarella, Inc. (NASDAQ:AMBA) by 71.9% during the fourth quarter, Holdings Channel reports. The firm owned 30,779 shares of the semiconductor company’s stock after selling 78,641 shares during the period. Trexquant Investment LP’s holdings in Ambarella were worth $2,239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its holdings in Ambarella by 68.7% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 184 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Ambarella during the 4th quarter worth approximately $53,000. R Squared Ltd bought a new position in Ambarella in the fourth quarter valued at approximately $68,000. National Bank of Canada FI acquired a new position in Ambarella during the fourth quarter valued at approximately $69,000. Finally, Pacer Advisors Inc. lifted its stake in Ambarella by 24.2% during the fourth quarter. Pacer Advisors Inc. now owns 965 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Insider Buying and Selling at Ambarella

In other Ambarella news, VP Christopher Day sold 479 shares of the business’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 value of $26,354.58. Following the transaction, the vice president now directly owns 15,441 shares of the company’s stock, valued at approximately $849,563.82. The trade was a 3.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christopher B. Paisley sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the sale, the director now directly owns 40,281 shares of the company’s stock, valued at approximately $2,235,595.50. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,328 shares of company stock valued at $810,467. 5.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of Ambarella in a report on Thursday, February 27th. Bank of America raised shares of Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price for the company in a report on Monday, December 16th. Needham & Company LLC lifted their price target on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Susquehanna raised their target price on shares of Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Ambarella Trading Down 0.6 %

Shares of AMBA stock opened at $41.67 on Tuesday. Ambarella, Inc. has a 1-year low of $38.86 and a 1-year high of $85.15. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -10.80 and a beta of 1.86. The stock has a 50-day moving average of $63.51 and a 200-day moving average of $65.18.

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.