Amber Road Inc shares had a trading volume of 202K in the last trading session. Volume was up 219.39% over the stocks average daily volume.
Traders are more bullish on shares of Amber Road Inc of late as evidenced by the change in short interest. The company had a fall in short interest of -6.40% between October 13, 2017 and October 31, 2017. Short interest fell from 458,178 to 428,864 over that period. Days to cover decreased 0.0 to 9.0 and the percentage of shorted shares was 0.02% on October 31.
Here is a rundown on some insider market activity for Amber Road Inc (NYSE:AMBR). CEO James W. Preuninger sold 36,609 shares at an average price of $7.56 on Fri the 15th. The CEO now owns $13,722,791 of the stock as reported to the SEC. James W. Preuninger, CEO reported the sale of 16,229 shares. The shares sold for $7.75. The CEO now owns $14,351,396 of the stock according to the SEC filing.
VP, Global Sales Albert C. Iii Cooke disclosed the sale of 7,581 shares of AMBR stock. The shares were sold on August 31st for a price of $7.90. Cooke now owns $63,200 of the stock per the Form 4 SEC filing.
The following firms have recently changed their position in AMBR. Tiaa Cref Investment Management LLC expanded its ownership by buying 1,352 shares an increase of 2.6% in the quarter. Tiaa Cref Investment Management LLC claims 53,958 shares with a value of $414,000. The total value of its holdings decreased 8.2%. As of quarter end Levin Capital Strategies, L.p. had sold 72,522 shares trimming its holdings by 27.2%. The value in dollars decreased from $2,288,000 to $1,494,000 decreasing 34.7% quarter over quarter.
Kennedy Capital Management, Inc. reduced its investment by shedding 95,342 shares a decrease of 20.2%. Kennedy Capital Management, Inc. now controls 376,923 shares worth $2,895,000. The value of the position overall is down by 28.5%. Renaissance Technologies LLC cut its stake by selling 4,095 shares a decrease of 0.7% as of 09/30/2017. Renaissance Technologies LLC owns 575,510 shares valued at $4,420,000. The total value of its holdings decreased 11.0%.
Equity analyst Canaccord Genuity lowered the price target of the stock on November 3 cutting the projection from $11.00 to $10.00 and issued a “Buy” recommendation. On November 1 Needham & Company LLC held the company rating at “Buy” projecting a price of $11.00.
The company is trading up by 0.31% since yesterday’s close of 6.49. The P/E ratio is N/A and market capitalization is 176.80M. As of the last earnings report the EPS was $-0.57 with 27.21M shares currently outstanding.
Amber Road, Inc., launched on October 7, 2013, is a provider of cloud-based global trade management (GTM) solutions. The Business’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. The Company delivers its GTM solution using a software-as-a-service (SaaS) model. The Business’s solution automates the global supply chain across sourcing, logistics, cross-border trade and regulatory compliance activities. The Business’s GTM solution combines enterprise-class software, trade content sourced from government agencies and transportation providers in approximately 145 countries, and a global supply chain network connecting its customers with the trading partners, including suppliers, freight forwarders, customs brokers and transportation carriers..