Amber Road (NYSE:AMBR) released its earnings results on Monday. The software maker reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.05), Morningstar.com reports. Amber Road had a negative net margin of 11.67% and a negative return on equity of 34.61%. Amber Road updated its Q1 2019 guidance to $-0.04–0.02 EPS and its FY 2019 guidance to $-0.06-0.04 EPS.

NYSE AMBR opened at $8.81 on Tuesday. The stock has a market cap of $244.02 million, a PE ratio of -18.74 and a beta of 0.42. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.66. Amber Road has a one year low of $7.60 and a one year high of $10.41.

In other news, CFO Thomas E. Conway sold 3,123 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $9.03, for a total transaction of $28,200.69. Following the sale, the chief financial officer now owns 1,500 shares of the company’s stock, valued at $13,545. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas E. Conway sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $8.93, for a total value of $178,600.00. Following the sale, the chief financial officer now directly owns 4,623 shares in the company, valued at approximately $41,283.39. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,123 shares of company stock worth $1,094,401. 15.10% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMBR. Panagora Asset Management Inc. grew its holdings in shares of Amber Road by 36.5% during the third quarter. Panagora Asset Management Inc. now owns 127,684 shares of the software maker’s stock worth $1,228,000 after buying an additional 34,123 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Amber Road by 22.2% during the second quarter. BlackRock Inc. now owns 1,409,806 shares of the software maker’s stock worth $13,266,000 after buying an additional 256,325 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Amber Road by 89.2% during the third quarter. Disciplined Growth Investors Inc. MN now owns 647,060 shares of the software maker’s stock worth $6,225,000 after buying an additional 305,115 shares in the last quarter. Divisar Capital Management LLC grew its holdings in shares of Amber Road by 5.8% during the third quarter. Divisar Capital Management LLC now owns 719,660 shares of the software maker’s stock worth $6,923,000 after buying an additional 39,700 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Amber Road during the third quarter worth about $190,000. 72.57% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research raised Amber Road from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Wednesday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $11.75.

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About Amber Road

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. 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, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.

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Earnings History for Amber Road (NYSE:AMBR)

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