Amber Road Inc (NYSE:AMBR) insider Nathan Pieri sold 121,279 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $12.97, for a total transaction of $1,572,988.63. Following the completion of the transaction, the insider now owns 80,000 shares in the company, valued at $1,037,600. The transaction was disclosed in a filing with the SEC, which is available at this link.
Nathan Pieri also recently made the following trade(s):
- On Tuesday, May 14th, Nathan Pieri sold 114,589 shares of Amber Road stock. The shares were sold at an average price of $12.97, for a total transaction of $1,486,219.33.
NYSE:AMBR remained flat at $$12.97 on Thursday. 618,646 shares of the company’s stock were exchanged, compared to its average volume of 890,093. The stock has a market cap of $369.09 million, a price-to-earnings ratio of -26.47 and a beta of 0.46. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.60 and a current ratio of 0.60. Amber Road Inc has a 52 week low of $7.60 and a 52 week high of $13.02.
Amber Road (NYSE:AMBR) last released its earnings results on Thursday, May 9th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.02. The company had revenue of $21.10 million for the quarter, compared to analyst estimates of $20.62 million. Amber Road had a negative net margin of 12.49% and a negative return on equity of 33.06%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) EPS. As a group, equities analysts predict that Amber Road Inc will post -0.33 earnings per share for the current year.
A number of research analysts have issued reports on AMBR shares. Zacks Investment Research upgraded shares of Amber Road from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a report on Wednesday, January 23rd. ValuEngine lowered shares of Amber Road from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $13.98.
Hedge funds have recently made changes to their positions in the company. Lapides Asset Management LLC lifted its holdings in shares of Amber Road by 16.7% during the 1st quarter. Lapides Asset Management LLC now owns 158,500 shares of the software maker’s stock worth $1,374,000 after acquiring an additional 22,700 shares during the period. Bank of America Corp DE lifted its holdings in shares of Amber Road by 880.5% during the 4th quarter. Bank of America Corp DE now owns 74,097 shares of the software maker’s stock worth $610,000 after acquiring an additional 66,540 shares during the period. Royce & Associates LP lifted its holdings in shares of Amber Road by 7.0% during the 4th quarter. Royce & Associates LP now owns 1,868,815 shares of the software maker’s stock worth $15,380,000 after acquiring an additional 122,896 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amber Road by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 247,392 shares of the software maker’s stock worth $2,036,000 after acquiring an additional 23,973 shares during the period. Finally, FDx Advisors Inc. purchased a new position in shares of Amber Road during the 4th quarter worth about $370,000. Institutional investors and hedge funds own 79.74% of the company’s stock.
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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, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.
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