Gagnon Securities LLC Sells 24,698 Shares of Amber Road, Inc. (AMBR)
Gagnon Securities LLC cut its stake in shares of Amber Road, Inc. (NYSE:AMBR) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,303,508 shares of the software maker’s stock after selling 24,698 shares during the quarter. Amber Road accounts for 3.7% of Gagnon Securities LLC’s portfolio, making the stock its 8th largest holding. Gagnon Securities LLC owned 4.79% of Amber Road worth $10,011,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of Amber Road by 1.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 11,740 shares of the software maker’s stock worth $101,000 after acquiring an additional 224 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Amber Road by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 134,082 shares of the software maker’s stock worth $1,035,000 after acquiring an additional 2,288 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Amber Road by 12.5% during the 2nd quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock worth $177,000 after acquiring an additional 2,305 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Amber Road by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 149,741 shares of the software maker’s stock worth $1,283,000 after acquiring an additional 3,699 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Amber Road by 27.4% in the second quarter. The Manufacturers Life Insurance Company now owns 18,788 shares of the software maker’s stock valued at $162,000 after purchasing an additional 4,042 shares in the last quarter. 72.64% of the stock is owned by institutional investors and hedge funds.
Shares of Amber Road, Inc. (AMBR) opened at $7.37 on Friday. Amber Road, Inc. has a 1-year low of $6.14 and a 1-year high of $11.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.64 and a current ratio of 0.64.
Amber Road (NYSE:AMBR) last released its earnings results on Thursday, November 2nd. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.06. The company had revenue of $20.20 million during the quarter, compared to analyst estimates of $20.36 million. Amber Road had a negative return on equity of 53.22% and a negative net margin of 20.19%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) earnings per share. equities analysts predict that Amber Road, Inc. will post -0.52 EPS for the current fiscal year.
In related news, CEO James W. Preuninger sold 16,229 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $7.75, for a total transaction of $125,774.75. Following the completion of the sale, the chief executive officer now directly owns 1,857,722 shares in the company, valued at $14,397,345.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Thomas E. Conway sold 4,843 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $6.47, for a total value of $31,334.21. The disclosure for this sale can be found here. Insiders sold 79,025 shares of company stock valued at $598,588 in the last 90 days. Corporate insiders own 13.10% of the company’s stock.
A number of analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Amber Road in a report on Wednesday, November 1st. Zacks Investment Research lowered Amber Road from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Canaccord Genuity reduced their target price on Amber Road from $11.00 to $10.00 and set a “buy” rating for the company in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Amber Road currently has an average rating of “Hold” and a consensus price target of $11.25.
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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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