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 $146,758 were sold by Young John Alexander on Mar 06 ’25. At $55.11 per share, Young John Alexander sold 2,663 shares. The insider’s holdings dropped to 115,755 shares worth approximately $6.04 million following the completion of this transaction.
Also, Day Christopher sold 834 shares, netting a total of over 45,962 in proceeds. Following the sale of shares at $55.11 each, the insider now holds 15,686 shares.
Before that, Lee Chan W had sold 2,108 shares from its account. In a trade valued at $116,172, the Chief Operating Officer traded Ambarella Inc shares for $55.11 each. Upon closing the transaction, the insider’s holdings decreased to 2,108 shares, worth approximately $6.87 million.
As published in a research note from BofA Securities on December 16, 2024, Ambarella Inc [AMBA] has been rated up from an Underperform to a Neutral and the price target has been revised to $80. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late November. As of August 28, 2024, TD Cowen has reiterated its “Hold” rating for AMBA. Earlier on January 03, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for AMBA stock which previously was a “an Overweight”.
Analyzing AMBA Stock Performance
During the last five days, there has been a drop of approximately -2.47%. Over the course of the year, Ambarella Inc shares have dropped approximately -28.24%. Shares of the company reached a 52-week high of $85.15 on 01/21/25 and a 52-week low of $47.62 on 03/11/25. A 50-day SMA is recorded $72.07, while a 200-day SMA reached $61.29.
Support And Resistance Levels for Ambarella Inc (AMBA)
According to the 24-hour chart, there is a support level at 51.29, which, if violated, would cause prices to drop to 50.37. In the upper region, resistance lies at 53.56. The next price resistance is at 54.91. RSI (Relative Strength Index) is 30.00 on the 14-day chart, showing 30.00 technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.81, which suggests the price will decrease in the coming days. Percent R is at 86.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
