Ambarella, Inc. COO Chan W. Lee Sells Shares in Company

On January 15th, Chan W. Lee, the Chief Operating Officer of Ambarella, Inc. (NASDAQ:AMBA), sold 1,000 shares of the company's stock. This transaction took place at an average selling price of $75.90 per share, resulting in a total sale value of $75,900. Following this transaction, Lee now owns a total of 110,918 shares in Ambarella, which are valued at approximately $8,418,676.20. The sale marks a decrease of 0.89% in his ownership stake in the company. This transaction was officially reported in a filing with the Securities and Exchange Commission (SEC), which can be accessed on their website.

Ambarella Stock Sees a Price Increase

In recent trading sessions, Ambarella's stock has seen an uptick. On the Friday following the sale, the stock price rose by $2.61, trading at $80.79. During this day, 573,297 shares were traded, which is lower than the average trading volume of 756,472 shares. The company has a 50-day moving average price of $70.19 and a 200-day moving average price of $60.10. Over the past year, Ambarella's stock has experienced a low of $39.69 and a high of $81.32, and the company's market capitalization stands at approximately $3.37 billion. Furthermore, the price-to-earnings ratio is -20.93, with a beta value of 1.66.

Institutional Investor Activity

Recently, several hedge funds and institutional investors have been adjusting their positions in Ambarella. State Street Corp increased its stake by 2.6% during the third quarter, now owning 1,924,235 shares valued at $108,536,000 after acquiring 47,856 additional shares. Meanwhile, Millennium Management LLC boosted its holdings by 7.0% during the second quarter with ownership of 1,447,466 shares valued at $78,091,000, following an acquisition of 94,257 shares. Also, The Manufacturers Life Insurance Company increased its position by 4.8% in the third quarter, owning 1,353,287 shares valued at $76,332,000 after obtaining an additional 61,387 shares. Geode Capital Management LLC raised its holdings by 1.6%, now owning 916,757 shares worth $51,719,000 after buying 14,568 additional shares. Point72 Asset Management L.P. also significantly increased its stake by 70.0%, owning 862,084 shares worth approximately $48,626,000 after purchasing an additional 355,078 shares. Overall, institutional investors hold about 82.09% of Ambarella's stock.

Analysts Provide Market Insight

Recent activity in the analyst community regarding Ambarella has led to some upgrades and downgrades. StockNews.com downgraded its rating on Ambarella from "hold" to "sell" as of December 10th. On the other hand, Needham & Company LLC raised its target price for Ambarella from $90.00 to $100.00 while maintaining a "buy" rating as of November 27th. Craig Hallum also increased its target from $85.00 to $90.00 and issued a "buy" rating. Susquehanna raised its price target from $70.00 to $85.00 and rated the stock positively. Moreover, Rosenblatt Securities reiterated a "buy" recommendation with a price target of $100.00. The consensus among analysts currently gives Ambarella an average rating of "Moderate Buy" with an average target price of $84.17, although one analyst has a sell rating, four analysts rate it as hold, and eight analysts have issued buy ratings.

About Ambarella, Inc.

Ambarella, Inc. is a company that specializes in developing semiconductor solutions crucial for high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing across the globe. The company designs system-on-a-chip solutions that integrate HD video processing, image processing, AI computer vision algorithms, audio processing, and various system functionalities onto a single chip, which helps optimize video and image quality with low power consumption.

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