Yesterday it was reported that the CEO of Ambarella (AMBA), Feng-Ming Wang, exercised options to buy 11,333 AMBA shares at $6.62 a share, for a total transaction value of $75.02K.
This is Wang’s first Buy trade following 3 Sell transactions. This recent transaction increases Feng-Ming Wang’s holding in the company by 2.81% to a total of $18.51 million.
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The company has a one-year high of $52.12 and a one-year low of $30. Currently, Ambarella has an average volume of 526.44K.
Four different firms, including Cowen & Co. and KeyBanc, currently also have a Buy rating on the stock.
The insider sentiment on Ambarella has been negative according to 60 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Ambarella, Inc. engages in the development and sale of video compression and image processing solutions. Its products include wearable cameras, flying cameras, and automotive video processing solutions. The company was founded by Feng Ming Wang and Leslie D. Kohn on January 15, 2004 and is headquartered in Santa Clara, CA.
