Ambarella, Inc. (NASDAQ:AMBA) CEO Sells $323,961.36 in Stock

Ambarella, Inc. (NASDAQ:AMBA) CEO Feng-Ming Wang sold 4,296 shares of Ambarella stock in a transaction on Monday, December 16th. The stock was sold at an average price of $75.41, for a total transaction of $323,961.36. Following the completion of the transaction, the chief executive officer now directly owns 755,231 shares of the company’s stock, valued at $56,951,969.71. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ambarella Price Performance

NASDAQ AMBA traded down $4.08 on Wednesday, hitting $69.75. The stock had a trading volume of 577,306 shares, compared to its average volume of 607,316. The business’s fifty day moving average price is $63.28 and its 200 day moving average price is $57.31. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of -18.07 and a beta of 1.68. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $81.32.

Wall Street Analyst Weigh In

Several research firms recently commented on AMBA. StockNews.com cut Ambarella from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price target on shares of Ambarella in a research note on Friday, December 6th. Susquehanna lifted their target price on Ambarella from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Wednesday, November 27th. Westpark Capital restated a “buy” rating and issued a $85.00 price target on shares of Ambarella in a report on Monday, August 26th. Finally, Craig Hallum upped their price target on shares of Ambarella from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Ambarella has an average rating of “Moderate Buy” and an average price target of $84.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. grew its stake in shares of Ambarella by 1,556.9% during the second quarter. Point72 Asset Management L.P. now owns 507,006 shares of the semiconductor company’s stock worth $27,353,000 after acquiring an additional 476,406 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Ambarella by 36.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,291,900 shares of the semiconductor company’s stock valued at $69,698,000 after purchasing an additional 343,385 shares in the last quarter. Barclays PLC raised its holdings in shares of Ambarella by 281.3% in the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock worth $21,891,000 after buying an additional 286,296 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Ambarella by 69.2% in the second quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company’s stock worth $33,090,000 after buying an additional 250,778 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Ambarella by 230.1% during the second quarter. Acadian Asset Management LLC now owns 172,444 shares of the semiconductor company’s stock worth $9,299,000 after buying an additional 120,204 shares during the period. 82.09% of the stock is currently owned by hedge funds and other institutional investors.

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.