Ambarella Inc (AMBA) VP Sells $74,347.30 in Stock
Ambarella Inc (NASDAQ:AMBA) VP Christopher Day sold 1,798 shares of the company’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $41.35, for a total transaction of $74,347.30. Following the sale, the vice president now directly owns 16,307 shares in the company, valued at $674,294.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Christopher Day also recently made the following trade(s):
- On Wednesday, September 19th, Christopher Day sold 1,533 shares of Ambarella stock. The stock was sold at an average price of $35.51, for a total transaction of $54,436.83.
Shares of AMBA stock traded down $0.82 during trading hours on Thursday, reaching $39.38. 98,714 shares of the company were exchanged, compared to its average volume of 848,000. Ambarella Inc has a fifty-two week low of $30.00 and a fifty-two week high of $66.23. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 71.64 and a beta of 1.09.
Hedge funds have recently made changes to their positions in the company. Pinnacle Associates Ltd. lifted its position in shares of Ambarella by 5.8% during the second quarter. Pinnacle Associates Ltd. now owns 953,325 shares of the semiconductor company’s stock worth $36,808,000 after purchasing an additional 52,391 shares in the last quarter. Marathon Capital Management acquired a new position in shares of Ambarella during the second quarter worth approximately $270,000. ING Groep NV lifted its position in shares of Ambarella by 846.4% during the second quarter. ING Groep NV now owns 137,225 shares of the semiconductor company’s stock worth $5,298,000 after purchasing an additional 122,725 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Ambarella by 11.9% in the second quarter. Russell Investments Group Ltd. now owns 23,759 shares of the semiconductor company’s stock valued at $918,000 after buying an additional 2,533 shares during the period. Finally, Rothschild Investment Corp IL acquired a new position in Ambarella in the third quarter valued at approximately $1,813,000. Institutional investors own 80.17% of the company’s stock.
Several brokerages have weighed in on AMBA. Zacks Investment Research cut shares of Ambarella from a “hold” rating to a “sell” rating in a research note on Wednesday. TheStreet cut shares of Ambarella from a “c-” rating to a “d” rating in a research note on Friday, November 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Ambarella in a research note on Friday, November 30th. Roth Capital upped their price objective on shares of Ambarella to $40.00 and gave the stock a “neutral” rating in a research note on Friday, November 30th. Finally, ValuEngine cut shares of Ambarella from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $48.95.
COPYRIGHT VIOLATION WARNING: “Ambarella Inc (AMBA) VP Sells $74,347.30 in Stock” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.thecerbatgem.com/2018/12/06/ambarella-inc-amba-vp-sells-74347-30-in-stock.html.
Ambarella Company Profile
Ambarella, Inc develops semiconductor processing solutions for video that enable high-definition (HD), video capture, analysis, sharing, and display worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, computer vision functionality, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.
Recommended Story: Cost of Equity For A Business, Investors
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.