Short Interest in Ambarella, Inc. (NASDAQ:AMBA) Increases By 19.0%

Ambarella, Inc. (NASDAQ:AMBA - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,630,000 shares, an increase of 19.0% from the March 15th total of 1,370,000 shares. Based on an average trading volume of 866,700 shares, the short-interest ratio is presently 1.9 days. Currently, 4.1% of the company's shares are short sold.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of Ambarella from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com upgraded Ambarella from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Stifel Nicolaus lowered their target price on shares of Ambarella from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $100.00 price target on shares of Ambarella in a research note on Thursday, February 27th. Finally, Susquehanna raised their target price on shares of Ambarella from $95.00 to $100.00 and gave the stock a "positive" rating in a research report on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Ambarella has an average rating of "Moderate Buy" and a consensus target price of $85.00.

Ambarella Stock Up 2.0 %

Shares of Ambarella stock traded up $0.91 on Friday, reaching $47.57. The stock had a trading volume of 362,176 shares, compared to its average volume of 695,641. The stock has a market capitalization of $2.02 billion, a P/E ratio of -12.32 and a beta of 1.86. The company has a 50 day moving average price of $53.03 and a 200 day moving average price of $63.70. Ambarella has a 1 year low of $38.86 and a 1 year high of $85.15.

Insider Activity at Ambarella

In related news, Director Christopher B. Paisley sold 500 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $55.50, for a total transaction of $27,750.00. Following the sale, the director now owns 40,281 shares in the company, valued at approximately $2,235,595.50. This represents a 1.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher Day sold 479 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $55.02, for a total value of $26,354.58. Following the completion of the sale, the vice president now owns 15,441 shares of the company's stock, valued at approximately $849,563.82. This represents a 3.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,328 shares of company stock valued at $513,467. Insiders own 5.70% of the company's stock.

Institutional Trading of Ambarella

A number of institutional investors have recently made changes to their positions in the business. Skandinaviska Enskilda Banken AB publ boosted its holdings in Ambarella by 68.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 452 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 184 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Ambarella in the 4th quarter worth approximately $37,000. Sterling Capital Management LLC grew its position in Ambarella by 629.3% during the 4th quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company's stock worth $43,000 after purchasing an additional 516 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Ambarella during the 4th quarter valued at approximately $53,000. Finally, R Squared Ltd purchased a new position in shares of Ambarella in the fourth quarter worth $68,000. Institutional investors and hedge funds own 82.09% of the company's stock.

About Ambarella

Ambarella, Inc develops semiconductor solutions that enable high-definition (HD) and ultra HD compression, image signal processing, and artificial intelligence processing worldwide. The company's system-on-a-chip designs integrated HD video processing, image processing, artificial intelligence computer vision algorithms, audio processing, and system functions onto a single chip for delivering video and image quality, differentiated functionality, and low power consumption.