Zacks Investment Research downgraded shares of Amber Road, Inc. (NYSE:AMBR) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

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. “

Other research analysts also recently issued reports about the company. ValuEngine downgraded Amber Road from a hold rating to a sell rating in a research note on Friday, June 23rd. Ladenburg Thalmann Financial Services restated a buy rating and issued a $15.00 price target on shares of Amber Road in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Amber Road presently has a consensus rating of Hold and an average price target of $11.50.

Shares of Amber Road (NYSE:AMBR) opened at 8.12 on Wednesday. The company’s market cap is $219.51 million. The firm’s 50-day moving average price is $7.67 and its 200-day moving average price is $7.97. Amber Road has a 12 month low of $6.71 and a 12 month high of $12.30.

Amber Road (NYSE:AMBR) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. Amber Road had a negative return on equity of 53.03% and a negative net margin of 22.59%. The company had revenue of $19.70 million during the quarter, compared to the consensus estimate of $19.84 million. During the same period in the previous year, the company posted ($0.11) EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts predict that Amber Road will post ($0.37) EPS for the current fiscal year.

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In related news, CEO James W. Preuninger sold 36,609 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $7.56, for a total transaction of $276,764.04. Following the sale, the chief executive officer now owns 1,815,184 shares in the company, valued at approximately $13,722,791.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James W. Preuninger sold 16,229 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $7.75, for a total value of $125,774.75. Following the sale, the chief executive officer now owns 1,857,722 shares in the company, valued at approximately $14,397,345.50. The disclosure for this sale can be found here. Insiders have sold a total of 82,424 shares of company stock valued at $633,622 in the last three months. 13.10% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Royce & Associates LP grew its position in shares of Amber Road by 16.0% in the 2nd quarter. Royce & Associates LP now owns 1,586,379 shares of the software maker’s stock valued at $13,595,000 after buying an additional 218,886 shares during the last quarter. Gagnon Securities LLC grew its position in shares of Amber Road by 16.4% in the 2nd quarter. Gagnon Securities LLC now owns 1,328,206 shares of the software maker’s stock valued at $11,383,000 after buying an additional 187,419 shares during the last quarter. Granahan Investment Management Inc. MA grew its position in shares of Amber Road by 33.3% in the 1st quarter. Granahan Investment Management Inc. MA now owns 1,176,456 shares of the software maker’s stock valued at $9,082,000 after buying an additional 294,196 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its position in shares of Amber Road by 24.7% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,001,992 shares of the software maker’s stock valued at $8,587,000 after buying an additional 198,725 shares during the last quarter. Finally, Oaktop Capital Management II L.P. bought a new stake in shares of Amber Road in the 2nd quarter valued at about $8,175,000. Institutional investors and hedge funds own 69.33% of the company’s stock.

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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