Ambarella, Inc. (NASDAQ:AMBA – Get Free Report) CFO John Alexander Young sold 5,033 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.54, for a total transaction of $339,928.82. Following the completion of the sale, the chief financial officer owned 112,590 shares of the company’s stock, valued at approximately $7,604,328.60. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
John Alexander Young also recently made the following trade(s):
- On Tuesday, May 26th, John Alexander Young sold 400 shares of Ambarella stock. The shares were sold at an average price of $96.00, for a total transaction of $38,400.00.
- On Tuesday, April 21st, John Alexander Young sold 1,971 shares of Ambarella stock. The stock was sold at an average price of $60.00, for a total transaction of $118,260.00.
Ambarella Price Performance
Ambarella stock traded up $4.09 during mid-day trading on Thursday, hitting $69.97. The company’s stock had a trading volume of 2,098,155 shares, compared to its average volume of 1,076,372. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of -43.46 and a beta of 2.15. The business has a 50 day moving average price of $70.22 and a 200-day moving average price of $66.71. Ambarella, Inc. has a 12 month low of $48.30 and a 12 month high of $96.69.
Institutional Trading of Ambarella
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP increased its position in Ambarella by 145.2% during the 4th quarter. GSA Capital Partners LLP now owns 24,800 shares of the semiconductor company’s stock valued at $1,757,000 after purchasing an additional 14,685 shares during the period. Legal & General Group Plc lifted its position in shares of Ambarella by 18.4% in the 4th quarter. Legal & General Group Plc now owns 614,017 shares of the semiconductor company’s stock worth $43,497,000 after purchasing an additional 95,218 shares during the period. SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of Ambarella in the 4th quarter worth about $1,345,000. Leonteq Securities AG bought a new stake in shares of Ambarella during the 4th quarter valued at about $1,903,000. Finally, Handelsbanken Fonder AB boosted its stake in shares of Ambarella by 84.0% during the 4th quarter. Handelsbanken Fonder AB now owns 312,326 shares of the semiconductor company’s stock valued at $22,125,000 after purchasing an additional 142,551 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on the company. Northland Securities set a $101.00 price target on Ambarella in a research note on Wednesday. Consumer Edge reissued a “buy” rating on shares of Ambarella in a research note on Friday, May 22nd. Bank of America raised their target price on shares of Ambarella from $72.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Stifel Nicolaus set a $106.00 target price on shares of Ambarella in a research note on Friday, May 29th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price target on shares of Ambarella in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $100.50.
Read Our Latest Report on Ambarella
About Ambarella
Ambarella, Inc is a global semiconductor company headquartered in Santa Clara, California, specializing in video compression, image processing and computer vision technologies. The company designs low-power, high-definition system-on-chip (SoC) solutions that enable the capture, processing and streaming of video in a variety of embedded applications. Ambarella’s platforms combine advanced video encoding, multi-core central processing units and hardware accelerators to deliver high-resolution imaging with low power consumption.
Ambarella’s product portfolio caters to multiple markets, including security and surveillance, automotive vision, wearable cameras, drones and robotics.
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