Leslie Kohn Sells 1,584 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) CTO Leslie Kohn sold 1,584 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $55.02, for a total transaction of $87,151.68. Following the transaction, the chief technology officer now directly owns 981,392 shares of the company’s stock, valued at $53,996,187.84. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ambarella Stock Performance

Ambarella stock opened at $54.26 on Friday. The firm has a market cap of $2.26 billion, a PE ratio of -14.06 and a beta of 1.78. The firm’s 50 day moving average price is $69.81 and its two-hundred day moving average price is $65.29. Ambarella, Inc. has a twelve month low of $39.69 and a twelve month high of $85.15.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 184 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Ambarella in the 4th quarter worth about $37,000. Sterling Capital Management LLC increased its position in Ambarella by 629.3% in the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 516 shares during the last quarter. Larson Financial Group LLC increased its position in Ambarella by 6,014.3% in the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock worth $48,000 after purchasing 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. Institutional investors and hedge funds own 82.09% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on AMBA shares. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 price target on shares of Ambarella in a research report on Thursday, February 27th. Craig Hallum increased their target price 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. Stifel Nicolaus upped their target price on Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Needham & Company LLC upped their price objective on shares of Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $95.00 price objective (up from $75.00) on shares of Ambarella in a research note on Wednesday, November 27th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.