Amber Road, Inc. (AMBR) Stake Held by Bamco Inc. NY
Bamco Inc. NY held its stake in Amber Road, Inc. (NYSE:AMBR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,200 shares of the software maker’s stock at the close of the 2nd quarter. Bamco Inc. NY owned about 0.72% of Amber Road worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also modified their holdings of the company. Archon Capital Management LLC raised its position in shares of Amber Road by 42.4% in the 2nd quarter. Archon Capital Management LLC now owns 463,916 shares of the software maker’s stock worth $3,976,000 after acquiring an additional 138,164 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Amber Road in the 2nd quarter valued at about $190,000. Vanguard Group Inc. lifted its stake in shares of Amber Road by 12.8% in the 2nd quarter. Vanguard Group Inc. now owns 817,604 shares of the software maker’s stock valued at $7,007,000 after purchasing an additional 92,670 shares during the period. Northern Trust Corp lifted its stake in shares of Amber Road by 16.6% in the 2nd quarter. Northern Trust Corp now owns 220,084 shares of the software maker’s stock valued at $1,886,000 after purchasing an additional 31,389 shares during the period. Finally, Oaktop Capital Management II L.P. acquired a new position in shares of Amber Road in the 2nd quarter valued at about $8,175,000. Hedge funds and other institutional investors own 69.33% of the company’s stock.
In related news, CFO Thomas E. Conway sold 4,843 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was 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 owns 4,843 shares in the company, valued at $36,128.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James W. Preuninger sold 36,609 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $7.56, for a total value of $276,764.04. Following the completion of the sale, the chief executive officer now directly owns 1,815,184 shares of the company’s stock, valued at approximately $13,722,791.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,424 shares of company stock worth $633,622. Corporate insiders own 13.10% of the company’s stock.
Several brokerages recently commented on AMBR. ValuEngine lowered Amber Road from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $15.00 target price on shares of Amber Road in a report on Monday, June 12th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Amber Road in a report on Monday, June 5th. Finally, Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.50.
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Amber Road, Inc. (AMBR) opened at 7.75 on Tuesday. The company’s 50-day moving average is $7.63 and its 200 day moving average is $7.96. The company’s market capitalization is $209.51 million. Amber Road, Inc. has a 52 week low of $6.71 and a 52 week high of $12.30.
Amber Road (NYSE:AMBR) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.16) earnings per share for the quarter, topping the 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 business had revenue of $19.70 million during the quarter, compared to analysts’ expectations of $19.84 million. During the same quarter last year, the business posted ($0.11) EPS. The business’s revenue was up 8.8% on a year-over-year basis. On average, analysts forecast that Amber Road, Inc. will post ($0.37) EPS for the current fiscal year.
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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