Northern Trust Corp lifted its stake in Amber Road Inc (NYSE:AMBR) by 19.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 241,764 shares of the software maker’s stock after buying an additional 40,206 shares during the quarter. Northern Trust Corp owned approximately 0.88% of Amber Road worth $2,275,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Amber Road in the second quarter worth $157,000. Dupont Capital Management Corp bought a new stake in Amber Road in the second quarter worth $378,000. Citadel Advisors LLC increased its position in Amber Road by 92.2% in the second quarter. Citadel Advisors LLC now owns 44,919 shares of the software maker’s stock worth $423,000 after purchasing an additional 21,545 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Amber Road by 86.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,477 shares of the software maker’s stock worth $541,000 after purchasing an additional 26,577 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Amber Road in the second quarter worth $896,000. 70.16% of the stock is currently owned by hedge funds and other institutional investors.
AMBR stock opened at $8.62 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.66. Amber Road Inc has a twelve month low of $6.71 and a twelve month high of $10.41. The firm has a market cap of $244.85 million, a price-to-earnings ratio of -18.34 and a beta of 0.35.
Amber Road (NYSE:AMBR) last posted its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.03. Amber Road had a negative net margin of 11.67% and a negative return on equity of 34.61%. The business had revenue of $22.20 million for the quarter, compared to analysts’ expectations of $21.71 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts anticipate that Amber Road Inc will post -0.37 EPS for the current fiscal year.
A number of research analysts have weighed in on AMBR shares. ValuEngine upgraded shares of Amber Road from a “hold” rating to a “buy” rating in a research report on Monday, September 24th. Zacks Investment Research upgraded shares of Amber Road from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $11.75.
In other news, insider Nathan Pieri sold 7,400 shares of the company’s stock in a transaction dated Tuesday, October 9th. The shares were sold at an average price of $9.96, for a total value of $73,704.00. Following the transaction, the insider now directly owns 55,826 shares in the company, valued at $556,026.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Thomas E. Conway sold 11,262 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $9.40, for a total transaction of $105,862.80. Following the completion of the transaction, the chief financial officer now owns 33,400 shares in the company, valued at $313,960. The disclosure for this sale can be found here. Insiders have sold 158,720 shares of company stock worth $1,441,456 in the last quarter. Company insiders own 15.10% of the company’s stock.
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About Amber Road
Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. 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, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.
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