Amber Road, Inc. (AMBR) Shares Bought by Granite Investment Partners LLC
Granite Investment Partners LLC increased its position in shares of Amber Road, Inc. (NYSE:AMBR) by 16.1% during the second quarter, Holdings Channel reports. The fund owned 417,648 shares of the software maker’s stock after buying an additional 57,790 shares during the period. Granite Investment Partners LLC’s holdings in Amber Road were worth $3,580,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position in shares of Amber Road by 19.7% in the fourth quarter. State Street Corp now owns 244,206 shares of the software maker’s stock worth $2,216,000 after buying an additional 40,267 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Amber Road during the fourth quarter worth approximately $333,000. Teachers Advisors LLC increased its position in shares of Amber Road by 38.8% in the fourth quarter. Teachers Advisors LLC now owns 45,409 shares of the software maker’s stock worth $412,000 after buying an additional 12,698 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Amber Road by 9.1% in the first quarter. Nationwide Fund Advisors now owns 60,463 shares of the software maker’s stock worth $467,000 after buying an additional 5,028 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its position in shares of Amber Road by 32.9% in the first quarter. Essex Investment Management Co. LLC now owns 141,486 shares of the software maker’s stock worth $1,092,000 after buying an additional 34,996 shares during the last quarter. 67.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amber Road, Inc. (AMBR) opened at 7.40 on Friday. The firm has a 50-day moving average of $8.85 and a 200-day moving average of $8.12. Amber Road, Inc. has a 1-year low of $6.71 and a 1-year high of $12.30. The firm’s market capitalization is $200.96 million.
Amber Road (NYSE:AMBR) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.04. The company had revenue of $19.70 million during the quarter, compared to analysts’ expectations of $19.84 million. Amber Road had a negative net margin of 22.59% and a negative return on equity of 50.37%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. On average, equities research analysts anticipate that Amber Road, Inc. will post ($0.37) EPS for the current fiscal year.
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A number of analysts have issued reports on AMBR shares. Zacks Investment Research upgraded shares of Amber Road from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Canaccord Genuity reiterated a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research note on Tuesday, May 9th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Amber Road in a research note on Monday, June 5th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $15.00 target price on shares of Amber Road in a research note on Monday, June 12th. Finally, ValuEngine cut shares of Amber Road from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $11.80.
In other news, VP Albert C. Cooke III sold 4,182 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $7.30, for a total transaction of $30,528.60. Following the completion of the transaction, the vice president now directly owns 8,000 shares of the company’s stock, valued at approximately $58,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.10% of the stock is owned by company insiders.
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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