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Ambarella (NASDAQ:AMBA) EVP Didier Legall sold 15,000 shares of Ambarella stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $30.80, for a total transaction of $462,000.00. Following the completion of the transaction, the executive vice president now directly owns 61,187 shares in the company, valued at approximately $1,884,560. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. 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. 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.85.

Shares of Ambarella (NASDAQ:AMBA) traded down 0.42% during mid-day trading on Friday, hitting $30.70. The stock had a trading volume of 335,447 shares. Ambarella has a 52 week low of $13.16 and a 52 week high of $36.49. The stock has a 50-day moving average of $28.7 and a 200-day moving average of $28.77. The company has a market cap of $897.2 million and a price-to-earnings ratio of 36.19.

Ambarella (NASDAQ:AMBA) last released its earnings data on Tuesday, June 3rd. The company reported $0.25 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.21 earnings per share. Ambarella’s revenue was up 20.6% compared to the same quarter last year. 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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