Insider Selling: Amber Road, Inc. (AMBR) CFO Sells $31,334.21 in Stock
Amber Road, Inc. (NYSE:AMBR) CFO Thomas E. Conway sold 4,843 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $6.47, for a total transaction of $31,334.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Amber Road, Inc. (NYSE AMBR) opened at $6.48 on Monday. Amber Road, Inc. has a 12 month low of $6.14 and a 12 month high of $12.30. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.81.
Amber Road (NYSE:AMBR) last released its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.06. The firm had revenue of $20.20 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) earnings per share. equities analysts expect that Amber Road, Inc. will post -0.52 earnings per share for the current year.
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Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Amber Road from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Wednesday, August 9th. Canaccord Genuity reduced their price target on shares of Amber Road from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Amber Road in a research report on Wednesday, November 1st. 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 company currently has an average rating of “Hold” and an average target price of $11.25.
Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Amber Road by 1.9% in the second quarter. Goldman Sachs Group Inc. now owns 11,740 shares of the software maker’s stock valued at $101,000 after acquiring an additional 224 shares in the last quarter. Commonwealth Equity Services Inc bought a new position in shares of Amber Road in the third quarter valued at approximately $113,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Amber Road by 27.4% in the second quarter. The Manufacturers Life Insurance Company now owns 18,788 shares of the software maker’s stock valued at $162,000 after acquiring an additional 4,042 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Amber Road by 73.6% in the third quarter. Wells Fargo & Company MN now owns 20,167 shares of the software maker’s stock valued at $155,000 after acquiring an additional 8,547 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Amber Road by 12.5% in the second quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock valued at $177,000 after acquiring an additional 2,305 shares in the last quarter. Institutional investors and hedge funds own 71.24% of the company’s stock.
About Amber Road
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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