Christopher B. Paisley Sells 500 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA) Director Christopher B. Paisley sold 500 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $55.50, for a total value of $27,750.00. Following the completion of the transaction, the director now owns 40,281 shares of the company’s stock, valued at $2,235,595.50. This represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Ambarella Price Performance

Shares of NASDAQ:AMBA opened at $52.69 on Friday. Ambarella, Inc. has a 1 year low of $39.69 and a 1 year high of $85.15. The business’s 50-day moving average is $68.11 and its 200-day moving average is $65.30. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of -13.65 and a beta of 1.78.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMBA. Susquehanna upped their price objective on Ambarella from $95.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus upped their price target on shares of Ambarella from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Bank of America raised shares of 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, December 16th. Finally, Needham & Company LLC raised their target price on Ambarella from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $86.67.

Hedge Funds Weigh In On Ambarella

Several institutional investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Ambarella in the 4th quarter valued at $52,770,000. Point72 Asset Management L.P. grew its holdings in Ambarella by 70.0% in the third quarter. Point72 Asset Management L.P. now owns 862,084 shares of the semiconductor company’s stock worth $48,626,000 after purchasing an additional 355,078 shares during the period. Invesco Ltd. increased its stake in Ambarella by 736.7% in the fourth quarter. Invesco Ltd. now owns 335,730 shares of the semiconductor company’s stock valued at $24,421,000 after purchasing an additional 295,606 shares in the last quarter. Barclays PLC raised its holdings in shares of Ambarella by 281.3% during 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 period. Finally, Woodline Partners LP boosted its position in shares of Ambarella by 2,367.1% during the 4th quarter. Woodline Partners LP now owns 263,333 shares of the semiconductor company’s stock worth $19,155,000 after purchasing an additional 252,659 shares in the last quarter. 82.09% of the stock is owned by institutional investors and hedge funds.

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.