Amber Road Inc (NYSE:AMBR) CFO Thomas E. Conway sold 3,186 shares of Amber Road stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $8.71, for a total value of $27,750.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of AMBR traded up $0.29 during mid-day trading on Friday, reaching $9.39. 118,708 shares of the company’s stock traded hands, compared to its average volume of 134,039. Amber Road Inc has a 12 month low of $6.14 and a 12 month high of $10.29. The stock has a market cap of $250.44 million, a PE ratio of -19.98 and a beta of 0.27. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.69.
Amber Road (NYSE:AMBR) last announced its earnings results on Tuesday, August 7th. The software maker reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Amber Road had a negative return on equity of 38.21% and a negative net margin of 12.71%. The firm had revenue of $21.06 million for the quarter, compared to analysts’ expectations of $20.83 million. analysts forecast that Amber Road Inc will post -0.4 EPS for the current year.
A number of equities research analysts have recently weighed in on AMBR shares. ValuEngine raised Amber Road from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Stifel Nicolaus lifted their price target on Amber Road from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 21st. Finally, Zacks Investment Research raised Amber Road from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Monday, August 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $11.75.
A number of large investors have recently made changes to their positions in AMBR. Millennium Management LLC bought a new position in shares of Amber Road in the second quarter valued at $896,000. Divisar Capital Management LLC increased its holdings in shares of Amber Road by 16.7% in the second quarter. Divisar Capital Management LLC now owns 679,960 shares of the software maker’s stock valued at $6,398,000 after buying an additional 97,340 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Amber Road by 18.9% in the second quarter. Renaissance Technologies LLC now owns 817,400 shares of the software maker’s stock valued at $7,692,000 after buying an additional 129,820 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Amber Road by 92.2% in the second quarter. Citadel Advisors LLC now owns 44,919 shares of the software maker’s stock valued at $423,000 after buying an additional 21,545 shares in the last quarter. Finally, Gagnon Advisors LLC increased its holdings in shares of Amber Road by 1.3% in the second quarter. Gagnon Advisors LLC now owns 671,219 shares of the software maker’s stock valued at $6,316,000 after buying an additional 8,853 shares in the last quarter. 67.83% of the stock is currently owned by hedge funds and other institutional investors.
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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