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

Ambarella, Inc. (NASDAQ:AMBA) CFO John Alexander Young sold 2,103 shares of the company’s stock in a transaction that occurred on 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 represents a 1.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ambarella Stock Performance

Shares of AMBA stock opened at $54.64 on Friday. Ambarella, Inc. has a fifty-two week low of $39.69 and a fifty-two week high of $85.15. The stock’s fifty day moving average price is $70.24 and its two-hundred day moving average price is $65.32. The company has a market cap of $2.28 billion, a PE ratio of -14.16 and a beta of 1.78.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Needham & Company LLC raised their price target on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Northland Securities reissued an “outperform” rating and set a $95.00 price target (up from $75.00) on shares of Ambarella in a report on Wednesday, November 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Ambarella in a report on Thursday, February 27th. Susquehanna lifted their target price on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Finally, Craig Hallum upped their price target on shares of Ambarella from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Ambarella currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

Institutional Investors Weigh In On Ambarella

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ boosted its position 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 buying an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Ambarella in the 4th quarter valued at $37,000. Sterling Capital Management LLC boosted its holdings in shares of Ambarella by 629.3% during the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 516 shares in the last quarter. Larson Financial Group LLC grew its position in Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 842 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Ambarella in the 4th quarter worth about $53,000. 82.09% of the stock is owned by 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.