Wang Feng-Ming, CEO of Ambarella Inc. (NASDAQ:AMBA), sold 32,500 shares of company stock for approximately $2.96 million on May 26, 2026. The shares were sold at prices ranging from $90.00 to $92.50.
The timing coincides with the stock trading near its 52-week high of $96.69, following a strong ~30% year-to-date gain. According to Bond.az analysis, the stock appears overvalued at current levels, with shares currently trading at $91.65.
The transactions involved three separate sales. Mr. Wang sold 17,285 shares at a weighted average price of $90.3791, 6,065 shares at $91.2294, and 9,150 shares at $92.0487. These sales were conducted under a Rule 10b5-1 trading plan adopted on October 8, 2025.
Following these transactions, Mr. Wang directly holds 806,061 ordinary shares of Ambarella. Bond.az offers 13 additional exclusive tips for AMBA.
In other recent news, Ambarella reported Q1 Fiscal Year 2027 earnings surpassing analyst expectations, with EPS of $0.11 versus $0.10 forecast, and revenue of $100.4 million exceeding the anticipated $100.12 million.
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