Amber Road, Inc. (AMBR) Insider Nathan Pieri Sells 4,920 Shares

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.

Amber Road (NYSE:AMBR) last released its earnings results on Thursday, May 10th. The software maker reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. The company had revenue of $20.10 million for the quarter, compared to analysts’ expectations of $20.05 million. Amber Road had a negative return on equity of 44.17% and a negative net margin of 14.56%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.12) EPS. research analysts expect that Amber Road, Inc. will post -0.41 EPS for the current fiscal year.

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.

Insider Buying and Selling by Quarter for Amber Road (NYSE:AMBR)

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