Insider Selling: Amber Road Inc (AMBR) CEO Sells 70,000 Shares of Stock

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Amber Road Inc (NYSE:AMBR) CEO James W. Preuninger sold 70,000 shares of Amber Road stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $12.97, for a total value of $907,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NYSE:AMBR traded down $0.01 on Friday, reaching $12.97. The company’s stock had a trading volume of 941,519 shares, compared to its average volume of 791,006. Amber Road Inc has a 1-year low of $7.60 and a 1-year high of $13.02. The company has a current ratio of 0.60, a quick ratio of 0.65 and a debt-to-equity ratio of 0.84. The stock has a market cap of $367.95 million, a price-to-earnings ratio of -26.47 and a beta of 0.46.

Amber Road (NYSE:AMBR) last posted its earnings results on Thursday, May 9th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Amber Road had a negative return on equity of 33.06% and a negative net margin of 12.49%. The firm had revenue of $21.10 million during the quarter, compared to analysts’ expectations of $20.62 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Sell-side analysts forecast that Amber Road Inc will post -0.31 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Citigroup Inc. grew its stake in Amber Road by 6.8% in the first quarter. Citigroup Inc. now owns 12,117 shares of the software maker’s stock valued at $105,000 after acquiring an additional 772 shares during the period. Northern Trust Corp boosted its holdings in shares of Amber Road by 0.4% in the 1st quarter. Northern Trust Corp now owns 270,136 shares of the software maker’s stock valued at $2,342,000 after purchasing an additional 1,001 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Amber Road by 10.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 12,008 shares of the software maker’s stock valued at $104,000 after purchasing an additional 1,184 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Amber Road by 11.1% in the 4th quarter. Bank of Montreal Can now owns 18,109 shares of the software maker’s stock valued at $149,000 after acquiring an additional 1,814 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Amber Road by 14.2% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 15,351 shares of the software maker’s stock valued at $126,000 after acquiring an additional 1,911 shares during the last quarter. 80.08% of the stock is owned by hedge funds and other institutional investors.

AMBR has been the subject of a number of analyst reports. ValuEngine raised Amber Road from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Stifel Nicolaus cut Amber Road from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Zacks Investment Research raised Amber Road from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.98.

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About Amber Road

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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