Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley Sells 500 Shares

Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley sold 500 shares of Ambarella stock in a transaction 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. The trade was a 1.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ambarella Stock Performance

NASDAQ AMBA opened at $52.69 on Friday. The company has a market capitalization of $2.20 billion, a PE ratio of -13.65 and a beta of 1.78. Ambarella, Inc. has a 52-week low of $39.69 and a 52-week high of $85.15. The company has a 50-day simple moving average of $68.11 and a 200 day simple moving average of $65.30.

Wall Street Analyst Weigh In

AMBA has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. 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. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Monday, December 16th. Finally, Susquehanna upped their price target on Ambarella from $95.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

Institutional Investors Weigh In On Ambarella

Large investors have recently modified their holdings of the stock. Tributary Capital Management LLC grew its holdings in Ambarella by 15.4% during the fourth quarter. Tributary Capital Management LLC now owns 287,565 shares of the semiconductor company’s stock valued at $20,917,000 after purchasing an additional 38,380 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in shares of Ambarella by 592.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 25,883 shares of the semiconductor company’s stock worth $1,460,000 after acquiring an additional 22,144 shares during the period. Asset Management One Co. Ltd. purchased a new stake in Ambarella in the 4th quarter worth about $553,000. FMR LLC raised its stake in Ambarella by 185.4% in the 3rd quarter. FMR LLC now owns 17,102 shares of the semiconductor company’s stock valued at $965,000 after acquiring an additional 11,110 shares during the period. Finally, Artemis Wealth Advisors LLC purchased a new stake in Ambarella during the fourth quarter valued at about $1,455,000. Hedge funds and other institutional investors 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.