Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ambarella Inc. shares valued at $254,457 were sold by Day Christopher on Apr 13. At $69.24 per share, Day Christopher sold 3,675 shares. The insider’s holdings dropped to 18,117 shares worth approximately $1.3 million following the completion of this transaction.
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Also, Wang Feng-Ming sold 16,644 shares, netting a total of over 1,279,091 in proceeds. Following the sale of shares at $76.85 each, the insider now holds 718,152 shares.
Before that, Kohn Leslie had sold 11,881 shares from its account. In a trade valued at $913,055, the Chief Technology Officer traded Ambarella Inc. shares for $76.85 each. Upon closing the transaction, the insider’s holdings decreased to 11,881 shares, worth approximately $65.87 million.
Analyzing AMBA Stock Performance
On Thursday, Ambarella Inc. [NASDAQ: AMBA] rose 2.85% to $71.78. The stock’s lowest price that day was $69.64, but it reached a high of $72.85 in the same session. During the last five days, there has been a drop of approximately -0.36%. Over the course of the year, Ambarella Inc. shares have dropped approximately -12.71%. Shares of the company reached a 52-week high of $99.86 on 02/09/23 and a 52-week low of $58.15 on 04/27/23. A 50-day SMA is recorded $70.24, while a 200-day SMA reached $73.93. Nevertheless, trading volume fell to 0.58 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Ambarella Inc. (AMBA)
According to the 24-hour chart, there is a support level at 70.00, which, if violated, would cause prices to drop to 68.21. In the upper region, resistance lies at 73.21. The next price resistance is at 74.63. RSI (Relative Strength Index) is 56.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.97, which suggests the price will increase in the coming days. Percent R is at 28.31%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Ambarella Inc. subject to short interest?
Stocks of Ambarella Inc. saw a sharp rise in short interest on Apr 27, 2023 jumping by 70000.0 shares to 1.2 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 1.13 million shares. A jump of 5.83% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.93 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.93.
Which companies own the most shares of Ambarella Inc. (AMBA)?
According to The Vanguard Group, Inc. filings, the company currently owns 3,543,741 shares, which is about 8.95% of the total AMBA shares outstanding. The investor’s shares have appreciated by 44,235 from its previous 13-F filing of 3499506.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $140,520,312. Macquarie Investment Management B reduced a -8.99% interest valued at $102.64 million while Millennium Management LLC purchased a 193,972 stake. A total of 161,223 shares of Ambarella Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 25,982 were bought by William Blair Investment Manageme. In its current portfolio, Geode Capital Management LLC holds 727,700 shares valued at $45.1 million.
In terms of Ambarella Inc. share price expectations, FactSet research, analysts set an average price target of $98.96 in the next 12 months, up nearly 43.29% from the previous closing price of $69.79. Analysts anticipate Ambarella Inc. stock to reach $120.00 by 2023, with the lowest price target being $75.00. In spite of this, 19 analysts ranked Ambarella Inc. stock as an Overweight at the end of 2023.