Leslie Kohn Sells 1,757 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) CTO Leslie Kohn sold 1,757 shares of Ambarella stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $75.41, for a total transaction of $132,495.37. Following the completion of the sale, the chief technology officer now owns 959,676 shares of the company’s stock, valued at approximately $72,369,167.16. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Ambarella Trading Down 1.6 %

AMBA opened at $68.64 on Friday. The company has a market cap of $2.86 billion, a P/E ratio of -17.78 and a beta of 1.68. The company’s 50 day moving average is $63.69 and its 200-day moving average is $57.48. Ambarella, Inc. has a 1-year low of $39.69 and a 1-year high of $81.32.

Institutional Trading of Ambarella

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. increased its holdings 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 buying an additional 476,406 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Ambarella by 36.2% in the second 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 during the last quarter. Barclays PLC raised its position in Ambarella by 281.3% in the third quarter. Barclays PLC now owns 388,090 shares of the semiconductor company’s stock valued at $21,891,000 after purchasing an additional 286,296 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Ambarella by 69.2% during the second quarter. Marshall Wace LLP now owns 613,346 shares of the semiconductor company’s stock valued at $33,090,000 after purchasing an additional 250,778 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings 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 purchasing an additional 120,204 shares during the last quarter. Institutional investors and hedge funds own 82.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on AMBA shares. Bank of America upgraded Ambarella from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a research note on Monday. Stifel Nicolaus increased their target price on Ambarella from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. TD Cowen boosted their price target on Ambarella from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Needham & Company LLC upped their price objective on shares of Ambarella from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, StockNews.com lowered shares of Ambarella from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.17.

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.