Leslie Kohn Sells 11,881 Shares of Ambarella, Inc. (NASDAQ:AMBA) Stock

Ambarella, Inc. (NASDAQ:AMBA – Get Rating) CTO Leslie Kohn sold 11,881 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 $913,054.85. Following the completion of the sale, the chief technology officer now directly owns 917,715 shares of the company’s stock, valued at $70,526,397.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Ambarella Trading Down 0.8 %

NASDAQ:AMBA opened at $76.81 on Friday. Ambarella, Inc. has a 52 week low of $49.02 and a 52 week high of $109.17. The firm has a market capitalization of $2.98 billion, a PE ratio of -44.92 and a beta of 1.53. The stock has a 50 day moving average of $87.95 and a 200-day moving average of $74.13.

Institutional Trading of Ambarella

A number of hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Ambarella by 30.3% in the first quarter. US Bancorp DE now owns 2,605 shares of the semiconductor company’s stock worth $274,000 after buying an additional 605 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Ambarella by 5.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,715 shares of the semiconductor company’s stock worth $390,000 after acquiring an additional 181 shares in the last quarter. AlphaCrest Capital Management LLC raised its holdings in shares of Ambarella by 33.9% during the first quarter. AlphaCrest Capital Management LLC now owns 3,054 shares of the semiconductor company’s stock worth $320,000 after acquiring an additional 774 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Ambarella by 3.9% during the first quarter. Rhumbline Advisers now owns 37,241 shares of the semiconductor company’s stock worth $3,907,000 after acquiring an additional 1,395 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Ambarella by 14.9% during the first quarter. BlackRock Inc. now owns 4,028,021 shares of the semiconductor company’s stock worth $422,620,000 after acquiring an additional 522,698 shares in the last quarter. Institutional investors own 78.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMBA. Imperial Capital cut Ambarella from an “outperform” rating to an “in-line” rating in a report on Wednesday, March 1st. Cowen reduced their price objective on Ambarella from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, December 2nd. KeyCorp lifted their price objective on Ambarella from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, March 1st. Susquehanna lifted their price objective on Ambarella from $96.00 to $100.00 and gave the stock a “positive” rating in a report on Wednesday, March 1st. Finally, Susquehanna Bancshares started coverage on Ambarella in a report on Monday, December 12th. They set a “positive” rating and a $90.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.78.

About Ambarella

(Get Rating)

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.