Ambarella, Inc. (NASDAQ:AMBA) CFO Sells $100,674.00 in Stock

Ambarella, Inc. (NASDAQ:AMBA – Get Rating) CFO Brian C. White sold 1,224 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $82.25, for a total value of $100,674.00. Following the completion of the sale, the chief financial officer now owns 944 shares of the company’s stock, valued at $77,644. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ambarella Trading Down 4.8 %

Ambarella stock opened at $76.60 on Monday. Ambarella, Inc. has a twelve month low of $49.02 and a twelve month high of $109.17. The stock’s fifty day simple moving average is $88.29 and its 200-day simple moving average is $74.34. The firm has a market capitalization of $2.97 billion, a P/E ratio of -44.80 and a beta of 1.53.

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Institutional Trading of Ambarella

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Ambarella by 14.9% during the first quarter. BlackRock Inc. now owns 4,028,021 shares of the semiconductor company’s stock worth $422,620,000 after acquiring an additional 522,698 shares during the period. Vanguard Group Inc. increased its position in shares of Ambarella by 1.6% during the first quarter. Vanguard Group Inc. now owns 3,515,362 shares of the semiconductor company’s stock worth $368,832,000 after acquiring an additional 56,927 shares during the period. Macquarie Group Ltd. increased its position in shares of Ambarella by 12.5% during the fourth quarter. Macquarie Group Ltd. now owns 1,819,525 shares of the semiconductor company’s stock worth $149,620,000 after acquiring an additional 202,494 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Ambarella during the fourth quarter worth $114,119,000. Finally, State Street Corp increased its position in shares of Ambarella by 8.2% during the third quarter. State Street Corp now owns 1,340,773 shares of the semiconductor company’s stock worth $75,325,000 after acquiring an additional 102,099 shares during the period. Hedge funds and other institutional investors own 78.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AMBA shares. Deutsche Bank Aktiengesellschaft upped their price target on Ambarella from $60.00 to $75.00 in a research report on Wednesday, December 14th. Wells Fargo & Company upped their price target on Ambarella from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, March 1st. Craig Hallum dropped their price target on Ambarella from $120.00 to $110.00 in a research report on Wednesday, March 1st. Roth Capital lowered Ambarella from a “buy” rating to a “neutral” rating and set a $95.00 price target for the company. in a research report on Wednesday, March 1st. Finally, Cowen dropped their price target on Ambarella from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, December 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Ambarella presently has an average rating of “Moderate Buy” and a consensus target price of $95.78.

Ambarella Company Profile

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Ambarella, Inc engages in the development and sale of video compression, image processing, and computer vision solutions. It offers processors and software that cater to end markets including security cameras, automotive cameras, industrial and robotic applications, and consumer applications. The company was founded by Feng Ming Wang and Leslie D.

Further Reading

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