Royce & Associates LP Has $13.60 Million Position in Amber Road, Inc. (AMBR)
Royce & Associates LP raised its stake in shares of Amber Road, Inc. (NYSE:AMBR) by 16.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,586,379 shares of the software maker’s stock after buying an additional 218,886 shares during the period. Royce & Associates LP owned approximately 5.86% of Amber Road worth $13,595,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Cadence Capital Management LLC purchased a new stake in Amber Road during the second quarter valued at $617,000. Bank of New York Mellon Corp raised its stake in Amber Road by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 149,741 shares of the software maker’s stock valued at $1,283,000 after buying an additional 3,699 shares during the period. Rhumbline Advisers raised its stake in Amber Road by 12.5% in the second quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock valued at $177,000 after buying an additional 2,305 shares during the period. Granite Investment Partners LLC raised its stake in Amber Road by 16.1% in the second quarter. Granite Investment Partners LLC now owns 417,648 shares of the software maker’s stock valued at $3,580,000 after buying an additional 57,790 shares during the period. Finally, Essex Investment Management Co. LLC raised its stake in Amber Road by 35.4% in the second quarter. Essex Investment Management Co. LLC now owns 191,591 shares of the software maker’s stock valued at $1,642,000 after buying an additional 50,105 shares during the period. Institutional investors and hedge funds own 69.33% of the company’s stock.
Shares of Amber Road, Inc. (NYSE:AMBR) opened at 8.06 on Friday. Amber Road, Inc. has a 12 month low of $6.71 and a 12 month high of $12.30. The company’s market cap is $218.89 million. The stock’s 50 day moving average is $8.41 and its 200 day moving average is $7.97.
Amber Road (NYSE:AMBR) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.04. Amber Road had a negative net margin of 22.59% and a negative return on equity of 53.03%. The company had revenue of $19.70 million for the quarter, compared to the consensus estimate of $19.84 million. During the same quarter in the previous year, the company earned ($0.11) EPS. Amber Road’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, analysts anticipate that Amber Road, Inc. will post ($0.37) EPS for the current fiscal year.
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Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Amber Road from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Wednesday, August 9th. ValuEngine lowered shares of Amber Road from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $15.00 target price on shares of Amber Road in a report on Monday, June 12th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Amber Road in a report on Monday, June 5th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $11.00 target price on shares of Amber Road in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $11.50.
In related news, VP Albert C. Cooke III sold 7,581 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $7.90, for a total transaction of $59,889.90. Following the transaction, the vice president now owns 8,425 shares in the company, valued at approximately $66,557.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas E. Conway sold 4,843 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $7.46, for a total transaction of $36,128.78. Following the transaction, the chief financial officer now owns 4,843 shares in the company, valued at approximately $36,128.78. The disclosure for this sale can be found here. 13.10% of the stock is owned by 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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