Oaktop Capital Management II L.P. purchased a new position in Amber Road, Inc. (NYSE:AMBR) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 953,960 shares of the software maker’s stock, valued at approximately $8,175,000. Amber Road makes up about 1.5% of Oaktop Capital Management II L.P.’s holdings, making the stock its 11th largest position. Oaktop Capital Management II L.P. owned about 3.53% of Amber Road as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. United Services Automobile Association boosted its stake in shares of Amber Road by 54.7% in the first quarter. United Services Automobile Association now owns 92,980 shares of the software maker’s stock worth $718,000 after buying an additional 32,890 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Amber Road by 38.8% in the fourth quarter. Teachers Advisors LLC now owns 45,409 shares of the software maker’s stock worth $412,000 after buying an additional 12,698 shares in the last quarter. Gagnon Securities LLC boosted its stake in shares of Amber Road by 16.4% in the second quarter. Gagnon Securities LLC now owns 1,328,206 shares of the software maker’s stock worth $11,383,000 after buying an additional 187,419 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in shares of Amber Road by 32.9% in the first quarter. Essex Investment Management Co. LLC now owns 141,486 shares of the software maker’s stock worth $1,092,000 after buying an additional 34,996 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its stake in shares of Amber Road by 222.8% in the first quarter. Kennedy Capital Management Inc. now owns 508,888 shares of the software maker’s stock worth $3,929,000 after buying an additional 351,259 shares in the last quarter. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

Amber Road, Inc. (NYSE AMBR) remained flat at $7.42 during trading on Friday. 64,447 shares of the company were exchanged. The stock’s 50-day moving average price is $8.53 and its 200 day moving average price is $8.00. Amber Road, Inc. has a 12-month low of $6.71 and a 12-month high of $12.30. The company’s market cap is $201.51 million.

Amber Road (NYSE:AMBR) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.04. Amber Road had a negative net margin of 22.59% and a negative return on equity of 53.03%. The company had revenue of $19.70 million for the quarter, compared to the consensus estimate of $19.84 million. During the same period in the prior year, the firm posted ($0.11) EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts predict that Amber Road, Inc. will post ($0.37) earnings per share for the current year.

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Several equities analysts recently issued reports on the company. Zacks Investment Research raised Amber Road from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Amber Road in a research report on Tuesday, May 9th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Amber Road in a research report on Monday, June 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Amber Road in a research report on Monday, June 5th. Finally, ValuEngine cut Amber Road from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $11.50.

In related news, VP Albert C. Cooke III sold 4,182 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $7.30, for a total value of $30,528.60. Following the transaction, the vice president now directly owns 8,000 shares of the company’s stock, valued at approximately $58,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas E. Conway sold 4,843 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $7.46, for a total transaction of $36,128.78. Following the completion of the transaction, the chief financial officer now directly owns 4,843 shares in the company, valued at $36,128.78. The disclosure for this sale can be found here. Corporate insiders own 13.10% 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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Institutional Ownership by Quarter for Amber Road (NYSE:AMBR)

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