Amber Road, Inc. (AMBR) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS
Amber Road, Inc. (NYSE:AMBR) posted its quarterly earnings data on Thursday. The software maker reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.06, Briefing.com reports. Amber Road had a negative return on equity of 53.03% and a negative net margin of 22.59%. The firm had revenue of $20.20 million during the quarter, compared to analyst estimates of $20.36 million. During the same period last year, the company posted ($0.08) EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis.
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In related news, CEO James W. Preuninger sold 16,229 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $7.75, for a total value of $125,774.75. Following the completion of the transaction, the chief executive officer now directly owns 1,857,722 shares of the company’s stock, valued at $14,397,345.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO James W. Preuninger sold 36,609 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $7.56, for a total transaction of $276,764.04. Following the completion of the transaction, the chief executive officer now directly owns 1,815,184 shares of the company’s stock, valued at $13,722,791.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,424 shares of company stock valued at $633,622. 13.10% of the stock is owned by insiders.
An institutional investor recently raised its position in Amber Road stock. The Manufacturers Life Insurance Company increased its stake in Amber Road, Inc. (NYSE:AMBR) by 27.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,788 shares of the software maker’s stock after buying an additional 4,042 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Amber Road worth $162,000 at the end of the most recent reporting period. 71.42% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on AMBR shares. Zacks Investment Research raised Amber Road from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Wednesday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price objective on shares of Amber Road in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Amber Road presently has a consensus rating of “Hold” and a consensus target price of $11.50.
Amber Road Company Profile
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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