Kevin C. Eichler Sells 403 Shares of Ambarella Inc (NASDAQ:AMBA) Stock

Ambarella Inc (NASDAQ:AMBA) CFO Kevin C. Eichler sold 403 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $43.06, for a total transaction of $17,353.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of AMBA traded up $1.47 during mid-day trading on Friday, hitting $46.27. 419,644 shares of the company’s stock were exchanged, compared to its average volume of 371,904. The company has a market capitalization of $1.47 billion, a P/E ratio of -41.68 and a beta of 1.32. Ambarella Inc has a fifty-two week low of $30.00 and a fifty-two week high of $52.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 9.42 and a current ratio of 9.84. The company has a 50-day moving average of $41.97.

Several hedge funds have recently added to or reduced their stakes in AMBA. Belpointe Asset Management LLC purchased a new stake in shares of Ambarella during the first quarter worth approximately $119,000. Stephens Inc. AR purchased a new stake in shares of Ambarella during the fourth quarter worth approximately $206,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Ambarella during the fourth quarter worth approximately $210,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Ambarella during the first quarter worth approximately $233,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Ambarella during the fourth quarter worth approximately $234,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

A number of research firms have commented on AMBA. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Northland Securities set a $6.00 target price on shares of Lonestar Resources US and gave the company a “buy” rating in a research report on Monday, July 8th. Bank of America set a $4.00 target price on shares of GameStop and gave the company a “sell” rating in a research report on Wednesday, June 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of GrubHub in a research report on Wednesday, June 5th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Ambarella presently has a consensus rating of “Hold” and an average price target of $45.88.

About Ambarella

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.

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