Amber Road Inc (NYSE:AMBR) insider Nathan Pieri sold 9,862 shares of Amber Road stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $9.24, for a total transaction of $91,124.88. Following the transaction, the insider now owns 40,688 shares of the company’s stock, valued at approximately $375,957.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Nathan Pieri also recently made the following trade(s):
- On Tuesday, May 15th, Nathan Pieri sold 4,920 shares of Amber Road stock. The shares were sold at an average price of $9.30, for a total transaction of $45,756.00.
Shares of Amber Road opened at $10.00 on Friday, MarketBeat Ratings reports. Amber Road Inc has a one year low of $6.14 and a one year high of $10.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.65 and a current ratio of 0.65.
A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Amber Road from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday. ValuEngine raised shares of Amber Road from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Amber Road currently has a consensus rating of “Buy” and a consensus target price of $11.50.
Several hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Amber Road in the first quarter valued at $120,000. The Manufacturers Life Insurance Company boosted its stake in shares of Amber Road by 59.2% in the first quarter. The Manufacturers Life Insurance Company now owns 17,872 shares of the software maker’s stock valued at $160,000 after purchasing an additional 6,643 shares during the period. Citadel Advisors LLC purchased a new position in shares of Amber Road in the first quarter valued at $208,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Amber Road in the first quarter valued at $565,000. Finally, Spark Investment Management LLC purchased a new position in shares of Amber Road in the first quarter valued at $198,000. Institutional investors and hedge funds own 67.10% 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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