TIAA CREF Investment Management LLC Sells 74,487 Shares of Amber Road, Inc. (AMBR)
TIAA CREF Investment Management LLC reduced its stake in Amber Road, Inc. (NYSE:AMBR) by 58.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,606 shares of the software maker’s stock after selling 74,487 shares during the period. TIAA CREF Investment Management LLC owned 0.19% of Amber Road worth $451,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of AMBR. Bank of New York Mellon Corp boosted its position in shares of Amber Road by 67.9% in the 1st quarter. Bank of New York Mellon Corp now owns 146,042 shares of the software maker’s stock worth $1,128,000 after purchasing an additional 59,085 shares during the last quarter. Geode Capital Management LLC raised its stake in Amber Road by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 134,082 shares of the software maker’s stock worth $1,035,000 after buying an additional 2,288 shares during the period. Essex Investment Management Co. LLC raised its stake in Amber Road by 35.4% during the 2nd quarter. Essex Investment Management Co. LLC now owns 191,591 shares of the software maker’s stock worth $1,642,000 after buying an additional 50,105 shares during the period. Granite Investment Partners LLC raised its stake in Amber Road by 16.1% during the 2nd quarter. Granite Investment Partners LLC now owns 417,648 shares of the software maker’s stock worth $3,580,000 after buying an additional 57,790 shares during the period. Finally, Rhumbline Advisers raised its stake in Amber Road by 12.5% during the 2nd quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock worth $177,000 after buying an additional 2,305 shares during the period. Institutional investors and hedge funds own 71.24% of the company’s stock.
Shares of Amber Road, Inc. (AMBR) opened at $6.48 on Monday. Amber Road, Inc. has a 12 month low of $6.14 and a 12 month high of $12.30. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.64 and a quick ratio of 0.64.
Amber Road (NYSE:AMBR) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.06. Amber Road had a negative return on equity of 53.22% and a negative net margin of 20.19%. The firm had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.36 million. During the same quarter last year, the business posted ($0.08) EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. equities research analysts predict that Amber Road, Inc. will post -0.52 earnings per share for the current year.
Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Amber Road in a research note on Wednesday, November 1st. Zacks Investment Research downgraded Amber Road from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Canaccord Genuity dropped their price objective on Amber Road from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $11.25.
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In other Amber Road news, VP Albert C. Cooke III sold 7,581 shares of Amber Road stock in a transaction dated 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 owns 8,425 shares of the company’s stock, valued at approximately $66,557.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas E. Conway sold 4,843 shares of Amber Road stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $6.47, for a total value of $31,334.21. The disclosure for this sale can be found here. Insiders sold a total of 86,606 shares of company stock worth $658,478 in the last three months. 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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