Amber Road, Inc. (AMBR) CEO James W. Preuninger Sells 16,229 Shares
Amber Road, Inc. (NYSE:AMBR) CEO James W. Preuninger sold 16,229 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $7.75, for a total transaction of $125,774.75. Following the sale, 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 accessible through this link.
Amber Road, Inc. (NYSE AMBR) traded down 1.32% during trading on Thursday, hitting $7.46. 65,430 shares of the company traded hands. Amber Road, Inc. has a 52 week low of $6.71 and a 52 week high of $12.30. The company’s 50 day moving average is $7.98 and its 200-day moving average is $7.92. The stock’s market capitalization is $202.60 million.
Amber Road (NYSE:AMBR) last released its quarterly 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. The company had revenue of $19.70 million for the quarter, compared to the consensus estimate of $19.84 million. Amber Road had a negative net margin of 22.59% and a negative return on equity of 53.03%. Amber Road’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. Analysts predict that Amber Road, Inc. will post ($0.37) earnings per share for the current year.
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Several analysts have recently weighed in on the stock. ValuEngine cut shares of Amber Road from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $15.00 price objective on shares of Amber Road in a research report on Monday, June 12th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Amber Road in a research report on Monday, June 5th. Finally, Zacks Investment Research upgraded shares of 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. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Amber Road currently has an average rating of “Buy” and an average target price of $11.50.
Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in Amber Road by 1.9% during the second quarter. Goldman Sachs Group Inc. now owns 11,740 shares of the software maker’s stock valued at $101,000 after purchasing an additional 224 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Amber Road by 27.4% during 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. Rhumbline Advisers raised its stake in Amber Road by 12.5% during the second quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock valued at $177,000 after purchasing an additional 2,305 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Amber Road during the second quarter valued at $190,000. Finally, Highbridge Capital Management LLC raised its stake in Amber Road by 269.2% during the first quarter. Highbridge Capital Management LLC now owns 41,702 shares of the software maker’s stock valued at $322,000 after purchasing an additional 30,406 shares in the last quarter. 69.33% of the stock is currently owned by institutional investors.
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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