Amber Road, Inc. (AMBR) VP Albert C. Cooke III Sells 7,581 Shares
Amber Road, Inc. (NYSE:AMBR) VP Albert C. Cooke III sold 7,581 shares of Amber Road stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $7.90, for a total value of $59,889.90. Following the sale, the vice president now directly owns 8,425 shares of the company’s stock, valued at $66,557.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Amber Road, Inc. (AMBR) traded down 1.49% during trading on Friday, reaching $7.94. The company’s stock had a trading volume of 59,637 shares. Amber Road, Inc. has a 52-week low of $6.71 and a 52-week high of $12.30. The stock’s market cap is $215.63 million. The stock has a 50-day moving average of $8.41 and a 200-day moving average of $7.97.
Amber Road (NYSE:AMBR) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.04. Amber Road had a negative return on equity of 53.03% and a negative net margin of 22.59%. The company had revenue of $19.70 million for the quarter, compared to the consensus estimate of $19.84 million. During the same quarter last year, the business posted ($0.11) earnings per share. The firm’s revenue was up 8.8% compared to the same quarter last year. Analysts predict that Amber Road, Inc. will post ($0.37) earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of AMBR. Disciplined Growth Investors Inc. MN acquired a new stake in shares of Amber Road during the second quarter worth about $1,964,000. The Manufacturers Life Insurance Company increased its stake 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 worth $162,000 after buying an additional 4,042 shares during the period. State Street Corp increased its stake in shares of Amber Road by 4.6% in the second quarter. State Street Corp now owns 270,907 shares of the software maker’s stock worth $2,322,000 after buying an additional 11,987 shares during the period. Cramer Rosenthal Mcglynn LLC increased its stake in shares of Amber Road by 24.7% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,001,992 shares of the software maker’s stock worth $8,587,000 after buying an additional 198,725 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake 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 worth $101,000 after buying an additional 224 shares during the period. Institutional investors own 69.33% of the company’s stock.
Several analysts recently weighed in on AMBR shares. Zacks Investment Research raised Amber Road from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Amber Road in a report on Monday, June 5th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Amber Road in a report on Monday, June 12th. ValuEngine cut Amber Road from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Amber Road in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $11.50.
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.
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