Highbridge Capital Management LLC raised its position in shares of Amber Road, Inc. (NYSE:AMBR) by 269.2% during the first quarter, Holdings Channel reports. The institutional investor owned 41,702 shares of the software maker’s stock after buying an additional 30,406 shares during the period. Highbridge Capital Management LLC’s holdings in Amber Road were worth $322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Amber Road by 1.7% in the first 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 in the last quarter. Nationwide Fund Advisors increased its position in shares of Amber Road by 9.1% in the first quarter. Nationwide Fund Advisors now owns 60,463 shares of the software maker’s stock worth $467,000 after buying an additional 5,028 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Amber Road by 38.8% in the fourth quarter. Teachers Advisors LLC now owns 45,409 shares of the software maker’s stock worth $412,000 after buying an additional 12,698 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in shares of Amber Road by 16.4% in the first quarter. Kornitzer Capital Management Inc. KS now owns 142,800 shares of the software maker’s stock worth $1,102,000 after buying an additional 20,100 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Amber Road by 19.5% in the first quarter. TIAA CREF Investment Management LLC now owns 127,093 shares of the software maker’s stock worth $981,000 after buying an additional 20,701 shares in the last quarter. 65.99% of the stock is owned by hedge funds and other institutional investors.

Shares of Amber Road, Inc. (NYSE AMBR) opened at 8.71 on Monday. The firm’s 50-day moving average price is $7.81 and its 200 day moving average price is $8.19. The firm’s market cap is $235.66 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 earnings results on Monday, May 8th. The software maker reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Amber Road had a negative return on equity of 48.51% and a negative net margin of 23.35%. The business had revenue of $18.60 million for the quarter, compared to the consensus estimate of $18.55 million. During the same period last year, the business earned ($0.15) earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts anticipate that Amber Road, Inc. will post ($0.40) EPS for the current year.

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A number of brokerages recently commented on AMBR. Zacks Investment Research raised Amber Road from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. ValuEngine downgraded Amber Road from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $15.00 price target on shares of Amber Road in a report on Monday, June 12th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price target on shares of Amber Road in a report on Monday, June 5th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $11.00 price target on shares of Amber Road in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $12.14.

In related news, insider Nathan Pieri sold 4,920 shares of Amber Road stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $7.66, for a total transaction of $37,687.20. Following the sale, the insider now directly owns 22,488 shares of the company’s stock, valued at $172,258.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Albert C. Cooke III sold 4,182 shares of Amber Road stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $7.30, for a total value of $30,528.60. Following the sale, the vice president now directly owns 8,000 shares in the company, valued at $58,400. The disclosure for this sale can be found here. 13.10% of the stock is owned by company insiders.

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

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