Amber Road, Inc. (AMBR) Shares Bought by Cramer Rosenthal Mcglynn LLC
Cramer Rosenthal Mcglynn LLC raised its position in Amber Road, Inc. (NYSE:AMBR) by 24.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,001,992 shares of the software maker’s stock after buying an additional 198,725 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 3.69% of Amber Road worth $8,587,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Royce & Associates LP boosted its holdings in Amber Road by 16.0% in the 2nd quarter. Royce & Associates LP now owns 1,586,379 shares of the software maker’s stock worth $13,595,000 after buying an additional 218,886 shares during the last quarter. Gagnon Securities LLC boosted its holdings in Amber Road by 16.4% in the 2nd 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 during the last quarter. Granahan Investment Management Inc. MA boosted its holdings in Amber Road by 33.3% in the 1st quarter. Granahan Investment Management Inc. MA now owns 1,176,456 shares of the software maker’s stock worth $9,082,000 after buying an additional 294,196 shares during the last quarter. Oaktop Capital Management II L.P. acquired a new stake in Amber Road in the 2nd quarter worth about $8,175,000. Finally, Vanguard Group Inc. boosted its holdings in Amber Road by 12.8% in the 2nd quarter. Vanguard Group Inc. now owns 817,604 shares of the software maker’s stock worth $7,007,000 after buying an additional 92,670 shares during the last quarter. Institutional investors own 69.33% of the company’s stock.
Amber Road, Inc. (NYSE AMBR) opened at 7.95 on Friday. Amber Road, Inc. has a one year low of $6.71 and a one year high of $12.30. The stock’s 50 day moving average price is $7.65 and its 200 day moving average price is $7.96. The firm’s market capitalization is $214.91 million.
Amber Road (NYSE:AMBR) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.04. The business had revenue of $19.70 million for the quarter, compared to analyst estimates of $19.84 million. Amber Road had a negative net margin of 22.59% and a negative return on equity of 53.03%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) earnings per share. Analysts expect that Amber Road, Inc. will post ($0.37) EPS for the current year.
Several research firms recently issued reports on AMBR. Zacks Investment Research cut Amber Road from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine cut Amber Road from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating and set a $15.00 target price on shares of Amber Road in a report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.50.
In other news, CFO Thomas E. Conway sold 4,843 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $7.46, for a total value of $36,128.78. Following the sale, the chief financial officer now directly owns 4,843 shares in the company, valued at $36,128.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Albert C. Cooke III sold 7,581 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $7.90, for a total transaction of $59,889.90. Following the completion of the sale, the vice president now owns 8,425 shares in the company, valued at $66,557.50. The disclosure for this sale can be found here. Insiders sold 82,424 shares of company stock worth $633,622 over the last quarter. Company insiders own 13.10% of the company’s stock.
Amber Road 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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