Christopher Day Insider Sell
Ambarella Inc VP – Marketing and an insider Christopher Day recently unloaded 1,475 company shares worth $54,752 at the avg market share price of $37.1. In the last 30 days, he also unloaded shares worth $ USD. Christopher Day now indirectly owns 0 shares. He also directly owns 25310 shares. In total he holds a stake of 0.08%.
Out of 11 analysts covering Ambarella Corporation (NASDAQ:AMBA), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. $86 is the highest target while $43 is the lowest. The $57.55 average target is 104.08% above today’s ($39.92) stock price. Ambarella Corporation was the topic in 38 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Chardan Capital Markets maintained the stock on March 7 with “Neutral” rating. Topeka Capital Markets maintained it with “Buy” rating and $75 target price in a December 4 report. Craig Hallum initiated the shares of AMBA in a report on December 23 with “Buy” rating. KeyBanc Capital Markets maintained the firm’s rating on September 29. KeyBanc Capital Markets has “Overweight” rating and $102 price target. Finally, Deutsche Bank maintained the stock with “Hold” rating in a December 4 report.
The institutional sentiment decreased to 1.03 in Q3 2015. Its down 0.07, from 1.1 in 2015Q2. The ratio is negative, as 64 funds sold all Ambarella Inc shares owned while 68 reduced positions. 56 funds bought stakes while 80 increased positions. They now own 26.66 million shares or 70.29% more from 15.66 million shares in 2015Q2.
Valentine Capital Asset Management Inc. holds 2.67% of its portfolio in Ambarella Inc for 52,299 shares. Mcglinn Capital Management Inc owns 13,500 shares or 2.35% of their US portfolio. Moreover, Cadian Capital Management Lp has 1.71% invested in the company for 821,684 shares. The Illinois-based Premier Asset Managment Llc has invested 1.69% in the stock. Cg Asset Management Llc, a New York-based fund reported 68,100 shares.
Since March 13, 2015, the stock had 0 insider purchases, and 1 insider sale for $58,742 net activity. Day Christopher sold 1,010 shares worth $58,742. Chen Yun-Lung sold 5,739 shares worth $424,309. Kohn Leslie sold 5,415 shares worth $383,382. Laplante George sold 4,450 shares worth $315,060. The insider Wang Feng-Ming sold 8,483 shares worth $600,596.
The stock increased 2.39% or $0.93 on March 18, hitting $39.92. About 1.52 million shares traded hands. Ambarella Inc (NASDAQ:AMBA) has declined 63.43% since August 13, 2015 and is downtrending. It has underperformed by 61.81% the SP500.
Ambarella, Inc. is a developer of semiconductor processing solutions for video that enable high-definition , video capture, sharing and display. The company has a market cap of $1.31 billion. The Company’s system-on-a-chip (SoC) creates HD video processing, image processing, audio processing and system functions onto a single chip, delivering video and image. It has 15.08 P/E ratio. In the camera market, its platform enables the creation of high-quality video content in wearable sports cameras, automotive aftermarket cameras, professional and consumer Internet Protocol (IP), security cameras, telepresence cameras and unmanned aerial vehicles (UAVs).
According to Zacks Investment Research, “Ambarella, Inc. develops video compression and image processing semiconductors. The Company’s products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers. Its technology is also used in television broadcasting infrastructure systems. Ambarella, Inc. is headquartered in Santa Clara, California.”
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