Ambarella Inc (AMBA): Christopher Day , VP, Marketing of Ambarella Inc sold 2,000 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $67.00 per share for a total value of $134,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 20, 2016, George Laplante (CFO) sold 4,844 shares at $67.98 per share price.On Sep 20, 2016, Christopher Day (VP, Marketing) sold 1,405 shares at $67.98 per share price.Also, On Sep 20, 2016, Leslie Kohn (CTO) sold 5,489 shares at $67.98 per share price.On Sep 20, 2016, Feng-ming Wang (CEO) sold 9,573 shares at $67.98 per share price.
Ambarella Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Ambarella Inc which led to swings in the share price. The shares opened for trading at $67.94 and hit $68.68 on the upside , eventually ending the session at $68.15, with a gain of 1.02% or 0.69 points. The heightened volatility saw the trading volume jump to 5,62,772 shares. The 52-week high of the share price is $72.99 and the company has a market cap of $2,228 M . The 52-week low of the share price is at $33.3908.
Company has been under the radar of several Street Analysts.Ambarella Inc is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 86 from a previous price target of $85 .The Rating was issued on Sep 2, 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).