Christopher Day Insider Sell
The VP – Marketing of Ambarella Inc, Christopher Day lately cashed-in precisely $78,822 U.S. Dollars for 1,812 shares in the Ambarella Inc company at an about $43.5 per share. He also sold 3,287 shares that are worth about $133,574 USD in the last month. The regulatory filing shows that Christopher Day now possess roughly 0.07% of the California-based company’s market cap (total dollar market value of all company’s outstanding shares) Dated 31-03-2016, this sudden deal by Christopher Day was unveiled in the a filing submitted with the Washington-based SEC. It is ready for you here.
Out of 11 analysts covering Ambarella Corporation (NASDAQ:AMBA), 7 rate it “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. $86 is the highest target while $43 is the lowest. The $57.55 average target is 82.10% above today’s ($44.7) stock price. Ambarella Corporation was the topic in 39 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Morgan Stanley upgraded the stock on March 29 to “Overweight” rating. Deutsche Bank maintained it with “Hold” rating and $60 target price in a December 4 report. Dougherty Company upgraded the shares of AMBA in a report on February 4 to “Buy” rating. Topeka Capital Markets maintained the firm’s rating on December 4. Topeka Capital Markets has “Buy” rating and $75 price target. Finally, FBN Securities maintained the stock with “Outperform” rating in a December 4 report.
The institutional sentiment decreased to 1.03 in 2015 Q3. Its down 0.07, from 1.1 in 2015Q2. The ratio dived, 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.
The stock increased 0.95% or $0.42 during the last trading session, hitting $44.7. About 1.16M shares traded hands. Ambarella Inc (NASDAQ:AMBA) has declined 49.44% since August 24, 2015 and is downtrending. It has underperformed by 58.46% 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 $1.44 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 19.74 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.”