Insider Selling: Amber Road Inc. (AMBR) Director Sells 389,788 Shares of Stock
Amber Road Inc. (NYSE:AMBR) Director Donald R. Caldwell sold 389,788 shares of Amber Road stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $11.74, for a total value of $4,576,111.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Donald R. Caldwell also recently made the following trade(s):
- On Wednesday, September 14th, Donald R. Caldwell sold 1,450,000 shares of Amber Road stock. The shares were sold at an average price of $9.00, for a total value of $13,050,000.00.
Shares of Amber Road Inc. (NYSE:AMBR) traded down 1.11% on Monday, hitting $11.60. The stock had a trading volume of 1,254,704 shares. The company’s 50 day moving average is $10.04 and its 200 day moving average is $8.91. The stock’s market cap is $311.10 million. Amber Road Inc. has a one year low of $3.60 and a one year high of $12.30.
Amber Road (NYSE:AMBR) last issued its quarterly earnings results on Thursday, November 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.04. The firm earned $18.90 million during the quarter, compared to the consensus estimate of $18.92 million. Amber Road had a negative return on equity of 50.09% and a negative net margin of 29.32%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.16) EPS. Equities research analysts predict that Amber Road Inc. will post ($0.44) EPS for the current fiscal year.
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AMBR has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price target on Amber Road from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Raymond James Financial Inc. boosted their price objective on Amber Road from $10.50 to $13.00 and gave the stock an “outperform” rating in a research note on Monday, August 15th. Zacks Investment Research lowered Amber Road from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. FBR & Co boosted their price objective on Amber Road from $10.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Finally, Pacific Crest reiterated a “hold” rating on shares of Amber Road in a research note on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Amber Road has a consensus rating of “Buy” and an average price target of $10.83.
Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers increased its stake in shares of Amber Road by 0.9% in the third quarter. Rhumbline Advisers now owns 16,299 shares of the company’s stock worth $157,000 after buying an additional 150 shares during the period. Oaktop Capital Management II L.P. acquired a new stake in shares of Amber Road during the third quarter worth about $205,000. Mycio Wealth Partners LLC increased its stake in shares of Amber Road by 17.3% in the second quarter. Mycio Wealth Partners LLC now owns 21,718 shares of the company’s stock worth $167,000 after buying an additional 3,200 shares during the period. Teachers Advisors Inc. increased its stake in shares of Amber Road by 0.6% in the second quarter. Teachers Advisors Inc. now owns 24,950 shares of the company’s stock worth $192,000 after buying an additional 153 shares during the period. Finally, Levin Capital Strategies L.P. increased its stake in Amber Road by 25.0% in the second quarter. Levin Capital Strategies L.P. now owns 25,000 shares of the company’s stock worth $193,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 69.62% 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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