Ambarella, Inc. (NASDAQ:AMBA – Get Rating) VP Christopher Day sold 2,420 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $76.85, for a total value of $185,977.00. Following the completion of the transaction, the vice president now directly owns 21,792 shares in the company, valued at $1,674,715.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Christopher Day also recently made the following trade(s):
- On Thursday, March 9th, Christopher Day sold 358 shares of Ambarella stock. The shares were sold at an average price of $82.25, for a total value of $29,445.50.
Ambarella Stock Down 0.8 %
AMBA stock opened at $76.81 on Friday. The company has a market cap of $2.98 billion, a P/E ratio of -44.92 and a beta of 1.53. Ambarella, Inc. has a twelve month low of $49.02 and a twelve month high of $109.17. The business has a fifty day moving average of $87.95 and a 200-day moving average of $74.13.
Institutional Investors Weigh In On Ambarella
Analysts Set New Price Targets
A number of brokerages recently weighed in on AMBA. Morgan Stanley cut their price objective on Ambarella from $105.00 to $97.28 and set an “overweight” rating on the stock in a research note on Wednesday, March 1st. StockNews.com began coverage on Ambarella in a research note on Thursday. They issued a “sell” rating on the stock. Susquehanna raised their price objective on Ambarella from $96.00 to $100.00 and gave the company a “positive” rating in a research note on Wednesday, March 1st. Jefferies Financial Group dropped their price target on Ambarella from $104.00 to $96.00 in a research report on Monday, November 21st. Finally, Susquehanna Bancshares initiated coverage on Ambarella in a research report on Monday, December 12th. They issued a “positive” rating and a $90.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ambarella currently has an average rating of “Moderate Buy” and a consensus target price of $95.78.
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.
- Get a free copy of the StockNews.com research report on Ambarella (AMBA)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
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.