Ambarella Inc (NASDAQ:AMBA) VP Christopher Day sold 1,111 shares of Ambarella stock in a transaction on Monday, December 18th. The stock was sold at an average price of $57.69, for a total transaction of $64,093.59. Following the transaction, the vice president now owns 22,216 shares in the company, valued at approximately $1,281,641.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Christopher Day also recently made the following trade(s):
- On Friday, September 29th, Christopher Day sold 2,618 shares of Ambarella stock. The shares were sold at an average price of $49.15, for a total transaction of $128,674.70.
Shares of Ambarella Inc (NASDAQ:AMBA) opened at $54.67 on Friday. Ambarella Inc has a fifty-two week low of $40.06 and a fifty-two week high of $66.23. The firm has a market cap of $1,820.00, a PE ratio of 52.57, a PEG ratio of 6.16 and a beta of 1.59.
A number of research firms recently weighed in on AMBA. Stifel Nicolaus restated a “buy” rating and set a $62.00 target price (up previously from $52.00) on shares of Ambarella in a research note on Wednesday, November 22nd. Vetr upgraded shares of Ambarella from a “hold” rating to a “buy” rating and set a $61.51 price target on the stock in a report on Tuesday, December 5th. Oppenheimer upgraded shares of Ambarella from a “market perform” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday, January 3rd. BidaskClub downgraded shares of Ambarella from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $60.00 price target on shares of Ambarella in a report on Wednesday, September 27th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $60.14.
Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in shares of Ambarella by 5.9% during the 2nd quarter. State Street Corp now owns 595,044 shares of the semiconductor company’s stock worth $28,894,000 after purchasing an additional 33,237 shares during the period. ETF Managers Group LLC purchased a new stake in Ambarella in the 2nd quarter valued at about $557,000. Alpine Woods Capital Investors LLC boosted its position in Ambarella by 21.8% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 29,100 shares of the semiconductor company’s stock valued at $1,426,000 after buying an additional 5,200 shares during the period. Northern Trust Corp boosted its position in Ambarella by 4.5% in the 2nd quarter. Northern Trust Corp now owns 344,807 shares of the semiconductor company’s stock valued at $16,741,000 after buying an additional 14,710 shares during the period. Finally, Caxton Associates LP purchased a new stake in Ambarella in the 3rd quarter valued at about $1,005,000. 63.01% of the stock is owned by hedge funds and other institutional investors.
Ambarella, Inc offers semiconductor processing solutions for video that enable high-definition (HD), video capture, sharing and display. The Company operates through the development and sale of low-power, high-definition video products segment. Its system-on-a-chip designs incorporate HD video processing, image processing, audio processing and system functions onto a single chip.
Receive News & Ratings for Ambarella Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambarella and related companies with MarketBeat.com's FREE daily email newsletter.