Insider Selling: Amber Road Inc (AMBR) Insider Sells $73,704.00 in Stock

Amber Road Inc (NYSE:AMBR) insider Nathan Pieri sold 7,400 shares of Amber Road stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $9.96, for a total value of $73,704.00. Following the sale, the insider now directly owns 55,826 shares in the company, valued at $556,026.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Nathan Pieri also recently made the following trade(s):

  • On Friday, August 10th, Nathan Pieri sold 4,920 shares of Amber Road stock. The shares were sold at an average price of $8.94, for a total value of $43,984.80.

NYSE AMBR opened at $9.13 on Friday. The company has a market cap of $264.75 million, a PE ratio of -19.43 and a beta of 0.26. Amber Road Inc has a 52 week low of $6.14 and a 52 week high of $10.41. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.69.

Amber Road (NYSE:AMBR) last released its quarterly earnings data on Tuesday, August 7th. The software maker reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The firm had revenue of $21.06 million during the quarter, compared to the consensus estimate of $20.83 million. Amber Road had a negative return on equity of 38.21% and a negative net margin of 12.71%. On average, equities analysts anticipate that Amber Road Inc will post -0.4 earnings per share for the current fiscal year.

A number of analysts have recently commented on AMBR shares. Stifel Nicolaus lifted their price target on Amber Road from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. ValuEngine upgraded Amber Road from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th. Finally, Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Monday, August 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $11.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in shares of Amber Road by 19.9% during the second quarter. Northern Trust Corp now owns 241,764 shares of the software maker’s stock valued at $2,275,000 after acquiring an additional 40,206 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Amber Road during the second quarter valued at approximately $896,000. Divisar Capital Management LLC increased its holdings in shares of Amber Road by 16.7% during the second quarter. Divisar Capital Management LLC now owns 679,960 shares of the software maker’s stock valued at $6,398,000 after acquiring an additional 97,340 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Amber Road by 18.9% during the second quarter. Renaissance Technologies LLC now owns 817,400 shares of the software maker’s stock valued at $7,692,000 after acquiring an additional 129,820 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Amber Road by 92.2% during the second quarter. Citadel Advisors LLC now owns 44,919 shares of the software maker’s stock valued at $423,000 after acquiring an additional 21,545 shares in the last quarter. Hedge funds and other institutional investors own 67.82% of the company’s stock.

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

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