Acadian Asset Management LLC bought a new stake in Amber Road Inc (NYSE:AMBR) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 63,978 shares of the software maker’s stock, valued at approximately $555,000.
Several other large investors have also made changes to their positions in the company. Parametric Portfolio Associates LLC raised its holdings in shares of Amber Road by 10.9% in the first quarter. Parametric Portfolio Associates LLC now owns 12,008 shares of the software maker’s stock valued at $104,000 after buying an additional 1,184 shares during the last quarter. Bank of Montreal Can raised its holdings in Amber Road by 11.1% during the fourth quarter. Bank of Montreal Can now owns 18,109 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,814 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Amber Road by 14.2% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 15,351 shares of the software maker’s stock worth $126,000 after purchasing an additional 1,911 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Amber Road by 61,587.5% during the first quarter. BNP Paribas Arbitrage SA now owns 4,935 shares of the software maker’s stock worth $43,000 after purchasing an additional 4,927 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Amber Road by 51.1% during the fourth quarter. Rhumbline Advisers now owns 30,131 shares of the software maker’s stock worth $248,000 after purchasing an additional 10,191 shares in the last quarter. 79.65% of the stock is owned by institutional investors and hedge funds.
In other Amber Road news, CFO Thomas E. Conway sold 246,666 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $12.95, for a total value of $3,194,324.70. Following the completion of the transaction, the chief financial officer now directly owns 63,177 shares of the company’s stock, valued at $818,142.15. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nathan Pieri sold 121,279 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $12.97, for a total transaction of $1,572,988.63. Following the completion of the transaction, the insider now directly owns 80,000 shares of the company’s stock, valued at $1,037,600. The disclosure for this sale can be found here. Insiders have sold 552,534 shares of company stock valued at $7,161,433 over the last three months. 15.10% of the stock is currently owned by corporate insiders.
NYSE AMBR opened at $13.00 on Wednesday. The stock has a market cap of $377.54 million, a P/E ratio of -26.53 and a beta of -0.06. Amber Road Inc has a 52-week low of $7.60 and a 52-week high of $13.03. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.60.
Amber Road (NYSE:AMBR) last posted its quarterly earnings results on Thursday, May 9th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. The firm had revenue of $21.10 million during the quarter, compared to analysts’ expectations of $20.62 million. Amber Road had a negative net margin of 12.49% and a negative return on equity of 33.06%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) earnings per share. As a group, sell-side analysts predict that Amber Road Inc will post -0.33 EPS for the current fiscal year.
AMBR has been the subject of several analyst reports. LADENBURG THALM/SH SH cut shares of Amber Road from a “buy” rating to a “neutral” rating in a report on Monday, May 13th. Zacks Investment Research cut shares of Amber Road from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Needham & Company LLC cut shares of Amber Road from a “buy” rating to a “hold” rating and set a $12.95 price target for the company. in a report on Tuesday, May 14th. Finally, ValuEngine raised shares of Amber Road from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.98.
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Amber Road Profile
Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.
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