Kornitzer Capital Management Inc. KS Has $1.08 Million Stake in Amber Road Inc (AMBR)

Kornitzer Capital Management Inc. KS trimmed its stake in Amber Road Inc (NYSE:AMBR) by 14.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,400 shares of the software maker’s stock after selling 21,800 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Amber Road were worth $1,081,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Royce & Associates LP increased its stake in shares of Amber Road by 2.4% in the 3rd quarter. Royce & Associates LP now owns 1,745,919 shares of the software maker’s stock worth $16,796,000 after purchasing an additional 40,780 shares in the last quarter. Gagnon Securities LLC increased its stake in shares of Amber Road by 25.1% in the 3rd quarter. Gagnon Securities LLC now owns 1,606,153 shares of the software maker’s stock worth $15,451,000 after purchasing an additional 322,586 shares in the last quarter. BlackRock Inc. increased its stake in shares of Amber Road by 4.3% in the 3rd quarter. BlackRock Inc. now owns 1,469,760 shares of the software maker’s stock worth $14,140,000 after purchasing an additional 59,954 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Amber Road by 16.5% in the 3rd quarter. Vanguard Group Inc now owns 1,205,262 shares of the software maker’s stock worth $11,594,000 after purchasing an additional 170,725 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Amber Road by 16.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,205,262 shares of the software maker’s stock worth $11,594,000 after purchasing an additional 170,725 shares in the last quarter. Hedge funds and other institutional investors own 72.43% of the company’s stock.

Separately, Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Amber Road presently has a consensus rating of “Buy” and a consensus target price of $11.75.

NYSE:AMBR opened at $8.87 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.64 and a current ratio of 0.64. Amber Road Inc has a one year low of $6.71 and a one year high of $10.41.

Amber Road (NYSE:AMBR) last posted its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The firm had revenue of $22.20 million during the quarter, compared to analyst estimates of $21.71 million. Amber Road had a negative return on equity of 34.61% and a negative net margin of 11.67%. Amber Road’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.02) EPS. As a group, research analysts predict that Amber Road Inc will post -0.37 EPS for the current year.

In related news, CEO James W. Preuninger sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $8.65, for a total value of $173,000.00. Following the completion of the transaction, the chief executive officer now owns 1,701,057 shares of the company’s stock, valued at approximately $14,714,143.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James W. Preuninger sold 10,000 shares of the company’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $8.66, for a total transaction of $86,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,701,057 shares of the company’s stock, valued at approximately $14,731,153.62. The disclosure for this sale can be found here. Insiders sold a total of 126,061 shares of company stock valued at $1,120,638 in the last ninety days. 15.10% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for Amber Road (NYSE:AMBR)

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