Brian C. White Sells 10,554 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA – Get Rating) CFO Brian C. White sold 10,554 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $76.85, for a total value of $811,074.90. Following the completion of the sale, the chief financial officer now directly owns 10,390 shares of the company’s stock, valued at $798,471.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Ambarella Price Performance

AMBA opened at $76.81 on Friday. Ambarella, Inc. has a one year low of $49.02 and a one year high of $109.17. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of -44.92 and a beta of 1.53. The business has a 50 day simple moving average of $87.95 and a two-hundred day simple moving average of $74.13.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMBA. KeyCorp upped their price objective on Ambarella from $95.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 1st. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Ambarella in a research report on Wednesday, March 1st. Susquehanna increased their price objective on Ambarella from $96.00 to $100.00 and gave the stock a “positive” rating in a research report on Wednesday, March 1st. Roth Capital lowered Ambarella from a “buy” rating to a “neutral” rating and set a $95.00 target price on the stock. in a report on Wednesday, March 1st. Finally, Cowen reduced their target price on Ambarella from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, December 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.78.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMBA. CWM LLC increased its position in Ambarella by 101.9% during the 3rd quarter. CWM LLC now owns 648 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 327 shares in the last quarter. Private Trust Co. NA purchased a new stake in Ambarella during the 2nd quarter valued at $56,000. Belpointe Asset Management LLC purchased a new stake in Ambarella during the 4th quarter valued at $77,000. China Universal Asset Management Co. Ltd. purchased a new position in shares of Ambarella in the 4th quarter worth $82,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Ambarella by 609.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,050 shares of the semiconductor company’s stock worth $58,000 after buying an additional 902 shares during the last quarter. Institutional investors own 78.33% of the company’s stock.

Ambarella Company Profile

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Ambarella, Inc engages in the development and sale of video compression, image processing, and computer vision solutions. It offers processors and software that cater to end markets including security cameras, automotive cameras, industrial and robotic applications, and consumer applications. The company was founded by Feng Ming Wang and Leslie D.