Kornitzer Capital Management Inc. KS maintained its position in Amber Road, Inc. (NYSE:AMBR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,800 shares of the software maker’s stock at the end of the second quarter. Kornitzer Capital Management Inc. KS owned approximately 0.53% of Amber Road worth $1,224,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AMBR. United Services Automobile Association boosted its position in Amber Road by 54.7% in the first quarter. United Services Automobile Association now owns 92,980 shares of the software maker’s stock worth $718,000 after buying an additional 32,890 shares during the last quarter. Teachers Advisors LLC boosted its position in 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 during the last quarter. Gagnon Securities LLC boosted its position in Amber Road by 16.4% in the second 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. AQR Capital Management LLC acquired a new position in Amber Road during the fourth quarter worth approximately $333,000. Finally, Essex Investment Management Co. LLC boosted its position in Amber Road by 32.9% in the first quarter. Essex Investment Management Co. LLC now owns 141,486 shares of the software maker’s stock worth $1,092,000 after buying an additional 34,996 shares during the last quarter. Institutional investors and hedge funds own 67.02% of the company’s stock.

Shares of Amber Road, Inc. (AMBR) opened at 8.33 on Tuesday. The company’s market cap is $225.38 million. 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 $8.83 and its 200-day moving average price is $8.13.

Amber Road (NYSE:AMBR) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.16) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. The firm had revenue of $19.70 million during 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 50.37%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. On average, analysts expect that Amber Road, Inc. will post ($0.37) EPS for the current year.

TRADEMARK VIOLATION WARNING: “Amber Road, Inc. (NYSE:AMBR) Stake Held by Kornitzer Capital Management Inc. KS” was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/08/amber-road-inc-nyseambr-stake-held-by-kornitzer-capital-management-inc-ks.html.

A number of equities analysts recently commented on AMBR shares. Canaccord Genuity reiterated a “buy” rating and set a $11.00 price target on shares of Amber Road in a report on Tuesday, May 9th. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $15.00 price objective on shares of Amber Road in a report on Monday, June 12th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Amber Road in a report on Monday, June 5th. ValuEngine cut Amber Road from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research upgraded Amber Road from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $12.20.

In other news, insider Nathan Pieri sold 4,920 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $7.66, for a total transaction of $37,687.20. Following the completion of the transaction, the insider now directly owns 22,488 shares of the company’s stock, valued at approximately $172,258.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Albert C. Cooke III sold 4,182 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $7.30, for a total transaction of $30,528.60. Following the transaction, the vice president now directly owns 8,000 shares of the company’s stock, valued at $58,400. The disclosure for this sale can be found here. 13.10% of the stock is owned by corporate insiders.

About Amber Road

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.

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

Receive News & Ratings for Amber Road Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amber Road Inc. and related companies with MarketBeat.com's FREE daily email newsletter.