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

Ambarella, Inc. (NASDAQ:AMBA) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 1,430,000 shares, an increase of 5.9% from the October 31st total of 1,350,000 shares. Based on an average daily volume of 562,300 shares, the short-interest ratio is presently 2.5 days.

Insiders Place Their Bets

In other Ambarella news, CTO Leslie Kohn sold 1,608 shares of Ambarella stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total value of $86,092.32. Following the transaction, the chief technology officer now owns 961,433 shares in the company, valued at $51,475,122.82. The trade was a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher Day sold 483 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $53.54, for a total transaction of $25,859.82. Following the completion of the transaction, the vice president now directly owns 21,370 shares of the company’s stock, valued at $1,144,149.80. This trade represents a 2.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,356 shares of company stock worth $859,210 in the last quarter. Corporate insiders own 5.70% of the company’s stock.

Institutional Trading of Ambarella

Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Ambarella during the 2nd quarter worth $26,000. Blue Trust Inc. boosted its position in Ambarella by 180.3% during the third quarter. Blue Trust Inc. now owns 499 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 321 shares during the period. CWM LLC increased its stake in shares of Ambarella by 127.7% in the second quarter. CWM LLC now owns 542 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 304 shares in the last quarter. Signaturefd LLC raised its position in shares of Ambarella by 389.6% in the third quarter. Signaturefd LLC now owns 661 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 526 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Ambarella by 6,014.3% during the 3rd quarter. Larson Financial Group LLC now owns 856 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 842 shares in the last quarter. 82.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AMBA. Roth Mkm reiterated a “neutral” rating and set a $60.00 price objective on shares of Ambarella in a research report on Wednesday, August 28th. Rosenblatt Securities reissued a “buy” rating and set a $85.00 price objective on shares of Ambarella in a report on Friday, August 23rd. StockNews.com upgraded Ambarella from a “sell” rating to a “hold” rating in a report on Monday. Morgan Stanley upped their price target on Ambarella from $73.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC raised their price objective on Ambarella from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

Ambarella Trading Up 2.4 %

Shares of AMBA stock traded up $1.67 during trading hours on Wednesday, hitting $71.84. 1,566,201 shares of the company were exchanged, compared to its average volume of 776,673. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of -18.61 and a beta of 1.68. The firm has a fifty day simple moving average of $59.95 and a 200 day simple moving average of $55.75. Ambarella has a 52-week low of $39.69 and a 52-week high of $81.32.

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.