Amber Road, Inc. (NYSE:AMBR) insider Nathan Pieri sold 4,920 shares of Amber Road stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $9.30, for a total transaction of $45,756.00. Following the transaction, the insider now directly owns 30,826 shares in the company, valued at $286,681.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Nathan Pieri also recently made the following trade(s):
- On Wednesday, February 21st, Nathan Pieri sold 1,501 shares of Amber Road stock. The stock was sold at an average price of $9.74, for a total transaction of $14,619.74.
Shares of Amber Road traded down $0.04, reaching $9.51, during mid-day trading on Thursday, according to Marketbeat Ratings. 157,899 shares of the company’s stock were exchanged, compared to its average volume of 128,974. The stock has a market capitalization of $255.54 million, a price-to-earnings ratio of -20.23 and a beta of 0.35. Amber Road, Inc. has a 52 week low of $9.42 and a 52 week high of $9.43. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.65 and a quick ratio of 0.65.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penbrook Management LLC bought a new stake in shares of Amber Road during the 4th quarter worth $597,000. Renaissance Technologies LLC raised its stake in shares of Amber Road by 9.4% during the 4th quarter. Renaissance Technologies LLC now owns 629,600 shares of the software maker’s stock worth $4,621,000 after purchasing an additional 54,090 shares during the period. Cortina Asset Management LLC raised its stake in Amber Road by 16.3% in the 4th quarter. Cortina Asset Management LLC now owns 848,187 shares of the software maker’s stock valued at $6,226,000 after acquiring an additional 119,004 shares during the period. Royce & Associates LP raised its stake in Amber Road by 14.7% in the 4th quarter. Royce & Associates LP now owns 1,834,471 shares of the software maker’s stock valued at $13,465,000 after acquiring an additional 234,857 shares during the period. Finally, Bank of Montreal Can raised its stake in Amber Road by 13.9% in the 4th quarter. Bank of Montreal Can now owns 646,273 shares of the software maker’s stock valued at $4,744,000 after acquiring an additional 78,624 shares during the period. Institutional investors own 73.25% of the company’s stock.
A number of equities analysts have issued reports on the stock. ValuEngine raised shares of Amber Road from a “hold” rating to a “buy” rating in a report on Thursday. Needham & Company LLC lifted their target price on Amber Road from $11.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Canaccord Genuity cut Amber Road from a “buy” rating to a “hold” rating and lifted their target price for the stock from $9.74 to $10.00 in a research note on Friday, February 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Amber Road currently has an average rating of “Buy” and an average target price of $11.75.
Amber Road Company Profile
Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge trade content database, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.
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