Deutsche Bank AG lowered its stake in Amber Road Inc (NYSE:AMBR) by 73.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 71,828 shares of the software maker’s stock after selling 203,219 shares during the period. Deutsche Bank AG’s holdings in Amber Road were worth $589,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMBR. First Interstate Bank bought a new stake in shares of Amber Road in the fourth quarter worth $33,000. Ramsey Quantitative Systems bought a new stake in shares of Amber Road in the fourth quarter worth $93,000. Jane Street Group LLC bought a new stake in shares of Amber Road in the third quarter worth $119,000. State Board of Administration of Florida Retirement System lifted its position in shares of Amber Road by 14.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 15,351 shares of the software maker’s stock worth $126,000 after purchasing an additional 1,911 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Amber Road in the third quarter worth $148,000. 80.08% of the stock is currently owned by hedge funds and other institutional investors.

In other Amber Road news, CFO Thomas E. Conway sold 19,986 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $8.71, for a total value of $174,078.06. Following the transaction, the chief financial officer now directly owns 58,334 shares in the company, valued at $508,089.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nathan Pieri sold 114,589 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $12.97, for a total transaction of $1,486,219.33. Following the completion of the transaction, the insider now owns 114,589 shares in the company, valued at $1,486,219.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 492,801 shares of company stock worth $6,157,758. 15.10% of the stock is owned by corporate insiders.

A number of equities analysts recently weighed in on AMBR shares. LADENBURG THALM/SH SH downgraded shares of Amber Road from a “buy” rating to a “neutral” rating in a report on Monday, May 13th. Zacks Investment Research upgraded shares of Amber Road from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Wednesday, February 6th. Finally, Needham & Company LLC downgraded shares of Amber Road from a “buy” rating to a “hold” rating and set a $12.95 target price on the stock. in a report on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.98.

Shares of AMBR opened at $12.97 on Monday. The firm has a market cap of $368.52 million, a P/E ratio of -26.47 and a beta of 0.46. Amber Road Inc has a 1-year low of $7.60 and a 1-year high of $13.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.65 and a current ratio of 0.60.

Amber Road (NYSE:AMBR) last issued its earnings results on Thursday, May 9th. The software maker reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.02. The business had revenue of $21.10 million for the quarter, compared to the consensus estimate of $20.62 million. Amber Road had a negative net margin of 12.49% and a negative return on equity of 33.06%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) earnings per share. On average, analysts predict that Amber Road Inc will post -0.33 earnings per share for the current year.

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Amber Road Profile

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.

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Institutional Ownership by Quarter for Amber Road (NYSE:AMBR)

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