Amber Road, Inc. (NYSE:AMBR) insider Nathan Pieri sold 4,920 shares of Amber Road stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $7.66, for a total value of $37,687.20. Following the sale, the insider now owns 22,488 shares of the company’s stock, valued at approximately $172,258.08. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Amber Road, Inc. (NYSE AMBR) opened at 8.04 on Friday. The firm’s market capitalization is $217.53 million. Amber Road, Inc. has a 52 week low of $6.71 and a 52 week high of $12.30. The firm has a 50-day moving average price of $7.78 and a 200-day moving average price of $8.38.
Amber Road (NYSE:AMBR) last posted its quarterly earnings results on Monday, May 8th. The software maker reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.02. The firm had revenue of $18.60 million for the quarter, compared to analyst estimates of $18.55 million. Amber Road had a negative return on equity of 48.51% and a negative net margin of 23.35%. Amber Road’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.15) earnings per share. On average, equities analysts expect that Amber Road, Inc. will post ($0.40) earnings per share for the current fiscal year.
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AMBR has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price objective on shares of Amber Road in a research report on Friday, February 17th. Zacks Investment Research cut Amber Road from a “hold” rating to a “sell” rating in a research report on Thursday, February 23rd. Canaccord Genuity reiterated a “buy” rating and set a $11.00 price objective on shares of Amber Road in a research report on Tuesday, May 9th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $15.00 price objective on shares of Amber Road in a research report on Monday, June 12th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $12.14.
Hedge funds and other institutional investors have recently modified their holdings of the company. G2 Investment Partners Management LLC raised its position in shares of Amber Road by 3.3% in the third quarter. G2 Investment Partners Management LLC now owns 1,437,198 shares of the software maker’s stock valued at $13,869,000 after buying an additional 45,768 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Amber Road during the fourth quarter valued at $333,000. Essex Investment Management Co. LLC raised its position in shares of Amber Road by 32.9% in the first quarter. Essex Investment Management Co. LLC now owns 141,486 shares of the software maker’s stock valued at $1,092,000 after buying an additional 34,996 shares during the last quarter. Herald Investment Management Ltd bought a new stake in Amber Road during the first quarter valued at about $5,971,000. Finally, Cortina Asset Management LLC increased its stake in Amber Road by 33.5% in the first quarter. Cortina Asset Management LLC now owns 942,759 shares of the software maker’s stock valued at $7,278,000 after buying an additional 236,423 shares during the period. 66.75% of the stock is currently owned by institutional investors.
About Amber Road
Amber Road, Inc is a provider of cloud-based global trade management (GTM) solutions. 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 to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers.
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