Gilder Gagnon Howe & Co. LLC reduced its position in shares of Amber Road, Inc. (NYSE:AMBR) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,153 shares of the software maker’s stock after selling 409 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Amber Road were worth $627,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in AMBR. United Services Automobile Association raised its position in Amber Road by 54.7% in the first quarter. United Services Automobile Association now owns 92,980 shares of the software maker’s stock worth $718,000 after buying an additional 32,890 shares during the period. Teachers Advisors LLC raised its position in Amber Road by 38.8% in the fourth quarter. Teachers Advisors LLC now owns 45,409 shares of the software maker’s stock worth $412,000 after buying an additional 12,698 shares during the period. Gagnon Securities LLC raised its position in Amber Road by 16.4% in the second quarter. Gagnon Securities LLC now owns 1,328,206 shares of the software maker’s stock worth $11,383,000 after buying an additional 187,419 shares during the period. AQR Capital Management LLC bought a new position in Amber Road during the fourth quarter worth $333,000. Finally, Essex Investment Management Co. LLC raised its position in Amber Road by 32.9% in the first quarter. Essex Investment Management Co. LLC now owns 141,486 shares of the software maker’s stock worth $1,092,000 after buying an additional 34,996 shares during the period. Institutional investors and hedge funds own 67.02% of the company’s stock.
Amber Road, Inc. (NYSE:AMBR) opened at 7.40 on Friday. The firm’s market cap is $200.96 million. Amber Road, Inc. has a 52-week low of $6.71 and a 52-week high of $12.30. The company has a 50 day moving average price of $8.85 and a 200-day moving average price of $8.12.
Amber Road (NYSE:AMBR) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.04. Amber Road had a negative return on equity of 50.37% and a negative net margin of 22.59%. The business had revenue of $19.70 million during the quarter, compared to analysts’ expectations of $19.84 million. During the same period in the previous year, the firm earned ($0.11) earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts anticipate that Amber Road, Inc. will post ($0.37) EPS for the current year.
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A number of equities analysts recently weighed in on AMBR shares. Canaccord Genuity reiterated a “buy” rating and issued a $11.00 price target on shares of Amber Road in a research report on Tuesday, May 9th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and issued a $15.00 price target on shares of Amber Road in a research report on Monday, June 12th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of Amber Road in a research report on Monday, June 5th. Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Wednesday. Finally, ValuEngine lowered Amber Road from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $11.80.
In related news, VP Albert C. Cooke III sold 4,182 shares of Amber Road stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $7.30, for a total transaction of $30,528.60. Following the completion of the sale, the vice president now directly owns 8,000 shares of the company’s stock, valued at $58,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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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