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Ambarella (NASDAQ:AMBA) EVP Didier Legall sold 15,000 shares of Ambarella stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $26.05, for a total value of $390,750.00. Following the transaction, the executive vice president now directly owns 75,904 shares of the company’s stock, valued at approximately $1,977,299. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on AMBA shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Ambarella in a research note on Wednesday, June 4th. They now have a $27.00 price target on the stock, down previously from $32.00. Separately, analysts at Ascendiant Capital Markets initiated coverage on shares of Ambarella in a research note on Monday, May 19th. They set a “buy” rating and a $30.00 price target on the stock. Finally, analysts at Dougherty & Co upgraded shares of Ambarella from a “neutral” rating to a “buy” rating in a research note on Thursday, April 10th. They now have a $35.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Ambarella has an average rating of “Hold” and an average price target of $29.85.

Shares of Ambarella (NASDAQ:AMBA) traded up 1.29% on Wednesday, hitting $26.79. 849,563 shares of the company’s stock traded hands. Ambarella has a 1-year low of $13.16 and a 1-year high of $36.49. The stock has a 50-day moving average of $25.01 and a 200-day moving average of $27.95. The company has a market cap of $776.3 million and a price-to-earnings ratio of 31.04.

Ambarella (NASDAQ:AMBA) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.04. The company had revenue of $40.90 million for the quarter, compared to the consensus estimate of $40.00 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. Analysts expect that Ambarella will post $1.17 EPS for the current fiscal year.

Ambarella, Inc is a developer of semiconductor processing solutions for video that enable high-definition (NASDAQ:AMBA), video capture, sharing and display.

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