Oppenheimer & Co. Inc. boosted its stake in shares of Amber Road Inc. (NYSE:AMBR) by 16.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 453,075 shares of the company’s stock after buying an additional 64,000 shares during the period. Oppenheimer & Co. Inc. owned about 1.71% of Amber Road worth $4,372,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in AMBR. Bank of New York Mellon Corp increased its position in Amber Road by 22.8% in the second quarter. Bank of New York Mellon Corp now owns 88,380 shares of the company’s stock worth $682,000 after buying an additional 16,413 shares during the period. Royce & Associates LP increased its position in 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 last quarter. Vanguard Group Inc. increased its position in 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 last quarter. BlackRock Investment Management LLC increased its position in Amber Road by 12.1% in the second quarter. BlackRock Investment Management LLC now owns 67,353 shares of the company’s stock valued at $519,000 after buying an additional 7,273 shares during the last quarter. Finally, BlackRock Fund Advisors increased its position in Amber Road by 0.3% in the second quarter. BlackRock Fund Advisors now owns 457,828 shares of the company’s stock valued at $3,530,000 after buying an additional 1,530 shares during the last quarter. 69.62% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Amber Road (NYSE:AMBR)

Amber Road Inc. (NYSE:AMBR) traded up 0.43% during mid-day trading on Tuesday, hitting $11.65. 1,662,776 shares of the stock traded hands. The firm’s market cap is $312.44 million. Amber Road Inc. has a 52 week low of $3.60 and a 52 week high of $12.30. The firm’s 50-day moving average price is $10.04 and its 200-day moving average price is $8.91.

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

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Several research firms recently weighed in on AMBR. Stifel Nicolaus increased their target price on shares of 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. increased their target price on shares of Amber Road from $10.50 to $13.00 and gave the company an “outperform” rating in a research note on Monday, August 15th. Zacks Investment Research cut shares of Amber Road from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. FBR & Co increased their target price on shares of Amber Road from $10.00 to $12.00 and gave the company 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 issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $10.83.

In other Amber Road news, Director Donald R. Caldwell sold 1,450,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $9.00, for a total value of $13,050,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas E. Conway sold 33,480 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $11.71, for a total transaction of $392,050.80. Following the completion of the sale, the chief financial officer now directly owns 33,480 shares of the company’s stock, valued at approximately $392,050.80. The disclosure for this sale can be found here. Insiders own 32.30% 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.

5 Day Chart for NYSE:AMBR

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