Amber Road, Inc. (AMBR) Sets New 52-Week Low on Insider Selling
Amber Road, Inc. (NYSE:AMBR) reached a new 52-week low during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $6.70 and last traded at $6.84, with a volume of 106100 shares. The stock had previously closed at $6.92.
Specifically, VP Albert C. Cooke III sold 4,182 shares of Amber Road stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $7.09, for a total value of $29,650.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Albert C. Cooke III sold 7,581 shares of Amber Road stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $7.90, for a total value of $59,889.90. Following the completion of the transaction, the vice president now owns 8,425 shares of the company’s stock, valued at approximately $66,557.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,763 shares of company stock valued at $627,144. 13.10% of the stock is owned by insiders.
Several research analysts have recently commented on AMBR shares. Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research report on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research report on Wednesday, November 1st. Finally, Canaccord Genuity decreased their target price on Amber Road from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.25.
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 data on Thursday, November 2nd. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $20.20 million during the quarter, compared to analyst estimates of $20.36 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. equities analysts predict that Amber Road, Inc. will post -0.52 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its stake in Amber Road by 0.8% during the 3rd quarter. Royce & Associates LP now owns 1,599,614 shares of the software maker’s stock valued at $12,285,000 after acquiring an additional 13,235 shares in the last quarter. Granahan Investment Management Inc. MA raised its stake in Amber Road by 0.9% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 1,574,394 shares of the software maker’s stock valued at $12,091,000 after acquiring an additional 13,348 shares in the last quarter. Gagnon Securities LLC raised its stake in Amber Road by 16.4% during the 2nd quarter. Gagnon Securities LLC now owns 1,328,206 shares of the software maker’s stock valued at $11,383,000 after acquiring an additional 187,419 shares in the last quarter. Oaktop Capital Management II L.P. raised its stake in Amber Road by 25.5% during the 3rd quarter. Oaktop Capital Management II L.P. now owns 1,196,812 shares of the software maker’s stock valued at $9,192,000 after acquiring an additional 242,852 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC raised its stake in Amber Road by 1.5% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,016,607 shares of the software maker’s stock valued at $7,808,000 after acquiring an additional 14,615 shares in the last quarter. Institutional investors and hedge funds own 71.63% of the company’s stock.
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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.
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