Amber Road (NYSE:AMBR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey. “

Separately, ValuEngine cut shares of Amber Road from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th.

Shares of AMBR traded down $0.02 during midday trading on Thursday, hitting $9.03. The stock had a trading volume of 1,132 shares, compared to its average volume of 87,934. Amber Road has a 1 year low of $7.60 and a 1 year high of $10.41. The company has a market cap of $252.60 million, a P/E ratio of -18.43 and a beta of 0.45. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.65.

Amber Road (NYSE:AMBR) last posted its quarterly earnings results on Monday, February 11th. The software maker reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.05). The company had revenue of $21.88 million during the quarter, compared to analysts’ expectations of $21.47 million. Amber Road had a negative return on equity of 36.12% and a negative net margin of 12.46%. Analysts predict that Amber Road will post -0.34 earnings per share for the current fiscal year.

In other news, CFO Thomas E. Conway sold 19,986 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $8.71, for a total value of $174,078.06. Following the sale, the chief financial officer now directly owns 58,334 shares in the company, valued at approximately $508,089.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James W. Preuninger sold 41,560 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $9.51, for a total transaction of $395,235.60. Following the completion of the sale, the chief executive officer now owns 1,713,929 shares in the company, valued at $16,299,464.79. The disclosure for this sale can be found here. 15.10% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. First Interstate Bank acquired a new stake in Amber Road in the 4th quarter worth approximately $33,000. Ramsey Quantitative Systems acquired a new stake in Amber Road in the 4th quarter worth approximately $93,000. Jane Street Group LLC acquired a new stake in Amber Road in the 3rd quarter worth approximately $119,000. State Board of Administration of Florida Retirement System boosted its stake in Amber Road by 14.2% in the 4th 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 acquired a new stake in Amber Road in the 3rd quarter worth approximately $148,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

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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