Amber Road Inc. (NYSE:AMBR) CFO Thomas E. Conway sold 33,480 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $11.71, for a total value of $392,050.80. Following the sale, the chief financial officer now owns 33,480 shares of the company’s stock, valued at $392,050.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Amber Road Inc. (NYSE:AMBR) opened at 11.71 on Friday. The company’s market capitalization is $314.05 million. Amber Road Inc. has a 52-week low of $3.60 and a 52-week high of $12.30. The firm has a 50-day moving average price of $9.95 and a 200 day moving average price of $8.76.

Amber Road (NYSE:AMBR) last released its earnings results on Thursday, November 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.04. Amber Road had a negative return on equity of 50.09% and a negative net margin of 29.32%. The business earned $18.90 million during the quarter, compared to the consensus estimate of $18.92 million. During the same period last year, the business posted ($0.16) earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Amber Road Inc. will post ($0.44) earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Amber Road (NYSE:AMBR)

A number of research firms have recently weighed in on AMBR. Pacific Crest reiterated a “hold” rating on shares of Amber Road in a research report on Friday, August 5th. Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, November 9th. FBR & Co upped their price objective on Amber Road from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. Raymond James Financial Inc. upped their price objective on Amber Road from $10.50 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, August 15th. Finally, Stifel Nicolaus upped their price objective on Amber Road from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $10.83.

A number of hedge funds have recently added to or reduced their stakes in the company. G2 Investment Partners Management LLC boosted its position in shares of Amber Road by 3.3% in the third quarter. G2 Investment Partners Management LLC now owns 1,437,198 shares of the company’s stock valued at $13,869,000 after buying an additional 45,768 shares during the period. Royce & Associates LP boosted its position in shares of Amber Road by 8.3% in the second quarter. Royce & Associates LP now owns 1,274,667 shares of the company’s stock valued at $9,828,000 after buying an additional 97,717 shares during the period. Vanguard Group Inc. boosted its position in shares of Amber Road by 4.4% in the second quarter. Vanguard Group Inc. now owns 600,026 shares of the company’s stock valued at $4,627,000 after buying an additional 25,105 shares during the period. BlackRock Fund Advisors boosted its position in shares of Amber Road by 7.9% in the third quarter. BlackRock Fund Advisors now owns 493,969 shares of the company’s stock valued at $4,767,000 after buying an additional 36,141 shares during the period. Finally, Allianz Asset Management AG bought a new position in shares of Amber Road during the second quarter valued at $3,535,000. 61.64% of the stock is owned by institutional investors and hedge funds.

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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.

5 Day Chart for NYSE:AMBR

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