The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ambarella Inc shares valued at $27,750 were sold by PAISLEY CHRISTOPHER B on Mar 25 ’25. At $55.50 per share, PAISLEY CHRISTOPHER B sold 500 shares. The insider’s holdings dropped to 40,281 shares worth approximately $2.12 million following the completion of this transaction.
Also, PAISLEY CHRISTOPHER B purchased 500 shares, netting a total of over 27,750 in proceeds.
Before that, Young John Alexander had sold 2,103 shares from its account. In a trade valued at $115,707, the CFO traded Ambarella Inc shares for $55.02 each. Upon closing the transaction, the insider’s holdings decreased to 2,103 shares, worth approximately $6.0 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 -3.57%. Over the course of the year, Ambarella Inc shares have dropped approximately -27.56%. 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 $68.03, while a 200-day SMA reached $61.32.
Support And Resistance Levels for Ambarella Inc (AMBA)
According to the 24-hour chart, there is a support level at 52.04, which, if violated, would cause prices to drop to 51.38. In the upper region, resistance lies at 53.35. The next price resistance is at 54.00. RSI (Relative Strength Index) is 35.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.60, which suggests the price will decrease in the coming days. Percent R is at 43.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
