Insider Selling: Amber Road Inc (AMBR) Insider Sells 9,862 Shares of Stock

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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.

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

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.

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

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