Chan W. Lee Sells 9,430 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA – Get Rating) COO Chan W. Lee sold 9,430 shares of the firm’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $76.85, for a total value of $724,695.50. Following the sale, the chief operating officer now directly owns 80,437 shares in the company, valued at approximately $6,181,583.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ambarella Stock Down 0.8 %

NASDAQ:AMBA opened at $76.81 on Friday. Ambarella, Inc. has a twelve month low of $49.02 and a twelve month high of $109.17. The stock’s 50 day moving average price is $87.95 and its two-hundred day moving average price is $74.13. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of -44.92 and a beta of 1.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in shares of Ambarella by 15.6% during the 4th quarter. Victory Capital Management Inc. now owns 77,220 shares of the semiconductor company’s stock worth $6,350,000 after acquiring an additional 10,398 shares during the period. Natixis bought a new position in shares of Ambarella during the 4th quarter worth approximately $2,727,000. Macquarie Group Ltd. boosted its stake in shares of Ambarella by 12.5% during the 4th quarter. Macquarie Group Ltd. now owns 1,819,525 shares of the semiconductor company’s stock worth $149,620,000 after acquiring an additional 202,494 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Ambarella by 32.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,727 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 673 shares during the period. Finally, White Pine Capital LLC boosted its stake in shares of Ambarella by 1.4% during the 4th quarter. White Pine Capital LLC now owns 7,669 shares of the semiconductor company’s stock worth $631,000 after acquiring an additional 107 shares during the period. 78.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Roth Mkm lowered Ambarella from a “buy” rating to a “neutral” rating and set a $95.00 price target on the stock. in a research report on Wednesday, March 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 price target on shares of Ambarella in a research report on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft raised their price target on Ambarella from $60.00 to $75.00 in a research report on Wednesday, December 14th. Cowen dropped their target price on Ambarella from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, December 2nd. Finally, Jefferies Financial Group dropped their target price on Ambarella from $104.00 to $96.00 in a research report on Monday, November 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ambarella has a consensus rating of “Moderate Buy” and an average price target of $95.78.

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.