Amber Road (AMBR) Upgraded at Zacks Investment Research
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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Amber Road Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amber Road and related companies with MarketBeat.com's FREE daily email newsletter.