Amber Road, Inc. (NYSE:AMBR) VP Albert C. Cooke III sold 4,182 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $7.09, for a total value of $29,650.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Amber Road, Inc. (AMBR) traded down $0.08 during midday trading on Tuesday, hitting $6.84. The stock had a trading volume of 106,100 shares, compared to its average volume of 126,590. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.81. Amber Road, Inc. has a 52 week low of $6.71 and a 52 week high of $12.30.
Amber Road (NYSE:AMBR) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.06. The company had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.36 million. Amber Road had a negative return on equity of 53.22% and a negative net margin of 20.19%. Amber Road’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.08) earnings per share. research analysts anticipate that Amber Road, Inc. will post -0.52 earnings per share for the current fiscal year.
AMBR has been the topic of several analyst reports. Canaccord Genuity cut their target price on Amber Road from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised Amber Road from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Wednesday, August 9th. One equities 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 company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.25.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of Amber Road by 1.9% during the second quarter. Goldman Sachs Group Inc. now owns 11,740 shares of the software maker’s stock worth $101,000 after purchasing an additional 224 shares during the period. Commonwealth Equity Services Inc acquired a new stake in shares of Amber Road during the third quarter worth about $113,000. Wells Fargo & Company MN raised its position in shares of Amber Road by 73.6% during the third quarter. Wells Fargo & Company MN now owns 20,167 shares of the software maker’s stock worth $155,000 after purchasing an additional 8,547 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Amber Road by 27.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,788 shares of the software maker’s stock worth $162,000 after purchasing an additional 4,042 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Amber Road by 12.5% during the second quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock worth $177,000 after purchasing an additional 2,305 shares during the period. 71.63% of the stock is currently owned by institutional investors.
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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