Ambarella Inc (AMBA) Files Form 4 Insider Selling : Christopher B Paisley Sells 1,000 Shares

Ambarella Inc (AMBA): Christopher B Paisley , director of Ambarella Inc sold 1,000 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $51.96 per share for a total value of $51,960.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 17, 2016, Christopher B Paisley (director) sold 1,000 shares at $51.96 per share price.On Dec 30, 2015, Lip Bu Tan (director) sold 2,472 shares at $58.21 per share price.Also, On Dec 23, 2015, Christopher Day (VP, Marketing) sold 894 shares at $58.50 per share price.On Dec 18, 2015, Leslie Kohn (CTO) sold 5,890 shares at $56.97 per share price.

Ambarella Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in Ambarella Inc which led to swings in the share price. The shares opened for trading at $51.96 and hit $52.99 on the upside , eventually ending the session at $52.42, with a gain of 1.33% or 0.69 points. The heightened volatility saw the trading volume jump to 8,06,571 shares. The 52-week high of the share price is $129.19 and the company has a market cap of $1,722 M . The 52-week low of the share price is at $33.3908.

Ambarella Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Ambarella Inc is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 47 from a previous price target of $45 .The Rating was issued on Jun 3, 2016.Ambarella Inc is Upgraded by Morgan Stanley to Overweight. Earlier the firm had a rating of Equal-Weight on the company shares. The Rating was issued on Mar 29, 2016.

Ambarella Inc. is a developer of semiconductor processing solutions for video that enable high-definition (HD) video capture sharing and display. The Company’s system-on-a-chip (SoC) designs HD video processing image processing audio processing and system functions onto a single chip delivering video and image. 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). In the infrastructure market the Company’s solutions manage IP video traffic broadcast encoding and transcoding and IP video delivery applications. The Company sells its solutions to original design manufacturers (ODMs) and original equipment manufacturers (OEMs).

Leave a Reply

Ambarella Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ambarella Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.