Ambarella, Inc. (NASDAQ:AMBA) Short Interest Update

Ambarella, Inc. (NASDAQ:AMBA) was the target of a significant increase in short interest in 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. Approximately 4.1% of the company’s shares are short sold.

Ambarella Stock Performance

NASDAQ AMBA opened at $43.11 on Monday. Ambarella has a 52 week low of $38.86 and a 52 week high of $85.15. The stock has a market capitalization of $1.83 billion, a P/E ratio of -11.17 and a beta of 1.86. The stock has a fifty day moving average of $56.41 and a 200-day moving average of $64.23.

Insider Transactions at Ambarella

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ lifted 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 valued at $32,000 after buying an additional 184 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Ambarella in the fourth quarter valued at about $37,000. Sterling Capital Management LLC boosted its holdings in Ambarella by 629.3% during the fourth quarter. Sterling Capital Management LLC now owns 598 shares of the semiconductor company’s stock worth $43,000 after buying an additional 516 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Ambarella in the 4th quarter valued at about $53,000. Finally, Johnson Financial Group Inc. acquired a new position in Ambarella during the fourth quarter valued at approximately $71,000. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMBA. Needham & Company LLC raised their target price on Ambarella from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Rosenblatt Securities restated a “buy” rating and set a $100.00 price objective on shares of Ambarella in a report on Thursday, February 27th. StockNews.com raised shares of Ambarella from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Stifel Nicolaus decreased their price target on Ambarella from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Susquehanna increased 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Ambarella currently has an average rating of “Moderate Buy” and an average price target of $85.00.

Ambarella Company Profile

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.