Amber Road, Inc. (AMBR) Reaches New 12-Month Low Following Insider Selling

Amber Road, Inc. (NYSE:AMBR) hit a new 52-week low during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $6.70 and last traded at $6.84, with a volume of 106100 shares changing hands. The stock had previously closed at $6.92.

Specifically, CEO James W. Preuninger sold 17,162 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $7.87, for a total value of $135,064.94. Following the completion of the sale, the chief executive officer now owns 1,877,222 shares in the company, valued at approximately $14,773,737.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Albert C. Cooke III sold 7,581 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $7.90, for a total transaction of $59,889.90. Following the completion of the sale, the vice president now owns 8,425 shares of the company’s stock, valued at approximately $66,557.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,763 shares of company stock valued at $627,144. 13.10% of the stock is owned by insiders.

AMBR has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Amber Road from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Canaccord Genuity cut their target price on shares of Amber Road from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Amber Road has a consensus rating of “Hold” and a consensus target price of $11.25.

The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.64 and a current ratio of 0.64.

Amber Road (NYSE:AMBR) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. The business had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.36 million. Amber Road had a negative net margin of 20.19% and a negative return on equity of 53.22%. Amber Road’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) EPS. analysts anticipate that Amber Road, Inc. will post -0.52 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Cadence Capital Management LLC bought a new position in shares of Amber Road during the 2nd quarter valued at $617,000. Oaktop Capital Management II L.P. bought a new position in shares of Amber Road during the 2nd quarter valued at $8,175,000. Gagnon Securities LLC raised its holdings in shares of Amber Road by 16.4% during the 2nd quarter. Gagnon Securities LLC now owns 1,328,206 shares of the software maker’s stock valued at $11,383,000 after purchasing an additional 187,419 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Amber Road by 19.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 127,093 shares of the software maker’s stock valued at $981,000 after purchasing an additional 20,701 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC raised its holdings in shares of Amber Road by 24.7% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,001,992 shares of the software maker’s stock valued at $8,587,000 after purchasing an additional 198,725 shares in the last quarter. Institutional investors and hedge funds own 71.63% of the company’s stock.

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Amber Road Company Profile

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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