Amber Road Inc (NYSE:AMBR) CFO Thomas E. Conway sold 33,400 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $9.37, for a total transaction of $312,958.00. Following the completion of the sale, the chief financial officer now directly owns 33,400 shares in the company, valued at $312,958. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Thomas E. Conway also recently made the following trade(s):
- On Friday, August 31st, Thomas E. Conway sold 3,186 shares of Amber Road stock. The shares were sold at an average price of $8.71, for a total transaction of $27,750.06.
Shares of Amber Road stock traded down $0.06 during mid-day trading on Friday, hitting $10.19. 112,964 shares of the stock were exchanged, compared to its average volume of 126,256. Amber Road Inc has a twelve month low of $6.14 and a twelve month high of $10.41. The stock has a market capitalization of $264.75 million, a P/E ratio of -21.68 and a beta of 0.26. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.65 and a quick ratio of 0.65.
Amber Road (NYSE:AMBR) last released its quarterly earnings results on Tuesday, August 7th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Amber Road had a negative net margin of 12.71% and a negative return on equity of 38.21%. The company had revenue of $21.06 million for the quarter, compared to analysts’ expectations of $20.83 million. As a group, analysts forecast that Amber Road Inc will post -0.4 EPS for the current year.
A number of brokerages recently commented on AMBR. ValuEngine raised shares of Amber Road from a “hold” rating to a “buy” rating in a research note on Wednesday, June 20th. Stifel Nicolaus raised their price target on shares of Amber Road from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 21st. Finally, Zacks Investment Research raised shares of Amber Road from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, August 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $11.75.
Institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP lifted its holdings in shares of Amber Road by 3.6% during the 2nd quarter. Royce & Associates LP now owns 1,705,139 shares of the software maker’s stock worth $16,045,000 after acquiring an additional 59,368 shares during the period. BlackRock Inc. lifted its holdings in shares of Amber Road by 22.2% during the 2nd quarter. BlackRock Inc. now owns 1,409,806 shares of the software maker’s stock worth $13,266,000 after acquiring an additional 256,325 shares during the period. Gagnon Securities LLC lifted its holdings in shares of Amber Road by 2.5% during the 2nd quarter. Gagnon Securities LLC now owns 1,283,567 shares of the software maker’s stock worth $12,078,000 after acquiring an additional 30,782 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Amber Road by 18.9% during the 2nd quarter. Renaissance Technologies LLC now owns 817,400 shares of the software maker’s stock worth $7,692,000 after acquiring an additional 129,820 shares during the period. Finally, Divisar Capital Management LLC lifted its holdings in shares of Amber Road by 16.7% during the 2nd quarter. Divisar Capital Management LLC now owns 679,960 shares of the software maker’s stock worth $6,398,000 after acquiring an additional 97,340 shares during the period. 67.82% of the stock is currently owned by 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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