Ambarella (NASDAQ:AMBA) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Ambarella, Inc. (NASDAQ:AMBA) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $53.62 and traded as high as $62.00. Ambarella shares last traded at $61.66, with a volume of 405,313 shares trading hands.

Analyst Upgrades and Downgrades

AMBA has been the topic of several research reports. TD Cowen raised their price target on shares of Ambarella from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Craig Hallum boosted their target price on Ambarella from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Morgan Stanley increased their price target on Ambarella from $67.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Roth Mkm reissued a “neutral” rating and set a $60.00 price objective on shares of Ambarella in a research note on Wednesday, August 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Ambarella in a report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ambarella presently has a consensus rating of “Hold” and an average target price of $74.09.

Ambarella Price Performance

The company’s 50 day simple moving average is $56.51 and its 200 day simple moving average is $53.62. The company has a market capitalization of $2.54 billion, a PE ratio of -14.27 and a beta of 1.63.

Ambarella (NASDAQ:AMBA) last announced its quarterly earnings results on Tuesday, August 27th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.06. The firm had revenue of $63.70 million during the quarter, compared to analysts’ expectations of $62.10 million. Ambarella had a negative net margin of 79.46% and a negative return on equity of 26.01%. Ambarella’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.76) earnings per share. On average, equities analysts forecast that Ambarella, Inc. will post -3 EPS for the current year.

Insider Buying and Selling

In other news, VP Christopher Day sold 2,904 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $58.00, for a total value of $168,432.00. Following the completion of the sale, the vice president now directly owns 18,466 shares of the company’s stock, valued at approximately $1,071,028. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Christopher Day sold 2,904 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $58.00, for a total transaction of $168,432.00. Following the transaction, the vice president now owns 18,466 shares of the company’s stock, valued at $1,071,028. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Elizabeth M. Schwarting sold 913 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $54.74, for a total value of $49,977.62. Following the sale, the director now directly owns 8,155 shares of the company’s stock, valued at approximately $446,404.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,423 shares of company stock worth $1,356,402 in the last quarter. 5.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Ambarella

Several institutional investors have recently bought and sold shares of AMBA. Meeder Asset Management Inc. acquired a new position in shares of Ambarella during the second quarter worth about $26,000. Blue Trust Inc. raised its stake in shares of Ambarella by 180.3% during the 3rd quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after buying an additional 321 shares in the last quarter. CWM LLC lifted its holdings in shares of Ambarella by 127.7% in the 2nd quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 304 shares during the period. Signaturefd LLC boosted its stake in shares of Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 526 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Ambarella by 62.1% during the second quarter. Van ECK Associates Corp now owns 1,441 shares of the semiconductor company’s stock worth $78,000 after acquiring an additional 552 shares during the period. 82.09% of the stock is owned by institutional investors and hedge funds.

About Ambarella

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.