Ambarella Inc (AMBA): Christopher Day , VP, Marketing of Ambarella Inc sold 1,173 shares on Jun 30, 2016. The Insider selling transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were sold at $50.85 per share for a total value of $59,647.05 , 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.
Shares of Ambarella Inc (AMBA) ended Wednesday, Jun 29, 2016 session in red amid volatile trading. The shares closed down -0.12 points or -0.24% at $50.13 with 7,02,116 shares getting traded. Post opening the session at $50.75, the shares hit an intraday low of $49.7 and an intraday high of $51.15 and the price vacillated in this range throughout the day. The company has a market cap of $1,647 M and the number of outstanding shares has been calculated to be 3,28,54,794 shares. The 52-week high of Ambarella Inc is $129.19 and the 52-week low is $33.3908.
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 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).