Christopher B. Paisley Sells 1,000 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) Director Christopher B. Paisley sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $62.58, for a total value of $62,580.00. Following the completion of the transaction, the director now directly owns 39,281 shares in the company, valued at $2,458,204.98. The trade was a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ambarella Stock Performance

NASDAQ AMBA traded down $3.21 on Friday, hitting $66.10. 1,088,853 shares of the stock traded hands, compared to its average volume of 753,256. The business's fifty day moving average is $54.57 and its two-hundred day moving average is $61.92. Ambarella, Inc. has a 12 month low of $38.86 and a 12 month high of $85.15. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of -26.50 and a beta of 1.99.

Hedge Funds Weigh In On Ambarella

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ raised its position 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 valued at $32,000 after purchasing an additional 184 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Ambarella in the 4th quarter valued at approximately $37,000. Sterling Capital Management LLC raised its holdings in 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 during the period. SBI Securities Co. Ltd. bought a new stake in Ambarella during the 4th quarter valued at $53,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Ambarella during the fourth quarter worth $71,000. Institutional investors own 82.09% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMBA shares. Morgan Stanley decreased their price objective on shares of Ambarella from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 27th. Rosenblatt Securities lifted their price target on Ambarella from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Needham & Company LLC dropped their price objective on Ambarella from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Stifel Nicolaus reduced their price objective on Ambarella from $100.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Summit Insights raised Ambarella to a "hold" rating in a research note on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

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.

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