James W. Preuninger Sells 16,229 Shares of Amber Road, Inc. (AMBR) Stock
Amber Road, Inc. (NYSE:AMBR) 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 value of $125,774.75. Following the transaction, the chief executive officer now owns 1,857,722 shares in the company, valued at approximately $14,397,345.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Amber Road, Inc. (NYSE AMBR) opened at 7.60 on Friday. Amber Road, Inc. has a 52-week low of $6.71 and a 52-week high of $12.30. The company’s market cap is $206.40 million. The firm’s 50-day moving average price is $7.92 and its 200 day moving average price is $7.92.
Amber Road (NYSE:AMBR) last released its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates 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. On average, equities analysts predict that Amber Road, Inc. will post ($0.37) EPS for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in AMBR. Oaktop Capital Management II L.P. bought a new stake in shares of Amber Road during the 2nd quarter valued at $8,175,000. Herald Investment Management Ltd bought a new stake in shares of Amber Road during the 1st quarter valued at $5,971,000. Kennedy Capital Management Inc. raised its stake in shares of Amber Road by 222.8% during the 1st quarter. Kennedy Capital Management Inc. now owns 508,888 shares of the software maker’s stock valued at $3,929,000 after purchasing an additional 351,259 shares during the period. Granahan Investment Management Inc. MA raised its stake in shares of Amber Road by 33.3% during 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 purchasing an additional 294,196 shares during the period. Finally, Cortina Asset Management LLC raised its stake in shares of Amber Road by 33.5% during the 1st quarter. Cortina Asset Management LLC now owns 942,759 shares of the software maker’s stock valued at $7,278,000 after purchasing an additional 236,423 shares during the period. Institutional investors own 69.33% of the company’s stock.
AMBR has been the topic of several recent research reports. Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research report on Wednesday, August 9th. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price objective on shares of Amber Road in a research report on Monday, June 5th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $15.00 price objective on shares of Amber Road in a research report on Monday, June 12th. Finally, ValuEngine cut Amber Road from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average 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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