November 23, 2016 - By Adrian Mccoy
Thomas Conway – New Jersey-based insider in Amber Road Inc who currently serves as a Chief Financial Officer — sold 33,480 shares of Amber Road Inc, valued at USD$ 392,051 based on an average share price of USD$ 11.7.
Out of 5 analysts covering Amber Road (NYSE:AMBR), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $13 is the highest target while $7 is the lowest. The $11 average target is -6.94% below today’s ($11.82) stock price. Amber Road has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Needham maintained the shares of AMBR in a report on Friday, August 7 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, February 12. On Monday, June 20 the stock rating was maintained by Needham with “Buy”. The firm earned “Buy” rating on Friday, August 7 by Canaccord Genuity. The company was maintained on Friday, August 5 by Stifel Nicolaus. The firm earned “Outperform” rating on Friday, August 5 by FBR Capital. The rating was reinitiated by Needham with “Buy” on Monday, September 28. Raymond James maintained it with “Outperform” rating and $13 target price in Monday, August 15 report.
Insitutional Activity: The institutional sentiment increased to 2.6 in Q2 2016. Its up 0.43, from 2.17 in 2016Q1. The ratio improved, as 3 funds sold all Amber Road Inc shares owned while 15 reduced positions. 13 funds bought stakes while 26 increased positions. They now own 13.88 million shares or 2.98% more from 13.48 million shares in 2016Q1.
Blackrock Institutional Trust Com Na accumulated 0% or 154,750 shares. Granite Prtnrs Ltd Llc owns 381,015 shares or 0.23% of their US portfolio. Blackrock Advsrs Ltd Liability last reported 4,672 shares in the company. California State Teachers Retirement Sys, a California-based fund reported 36,606 shares. Millennium Mgmt Limited Company has 28,500 shares for 0% of their US portfolio. Bnp Paribas Arbitrage Sa holds 699 shares or 0% of its portfolio. Cramer Rosenthal Mcglynn Ltd Llc owns 881,322 shares or 0.11% of their US portfolio. G2 Investment Prtn Mgmt Limited Liability Com holds 1.39 million shares or 4.95% of its portfolio. The New York-based Teachers Advsrs has invested 0% in Amber Road Inc (NYSE:AMBR). Citigroup Inc has 1,785 shares for 0% of their US portfolio. Savings Bank Of Ny Mellon has 0% invested in the company for 88,380 shares. Ellington Mngmt Group Ltd Llc has 0.18% invested in the company for 16,500 shares. The Kansas-based Kornitzer Capital Mgmt Ks has invested 0.03% in Amber Road Inc (NYSE:AMBR). Royal Fincl Bank Of Canada last reported 800 shares in the company. The New Jersey-based Blackrock Investment Ltd Company has invested 0% in Amber Road Inc (NYSE:AMBR).
Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 9 insider sales for $28.40 million net activity. Cooke Albert C III sold $210,840 worth of stock or 20,080 shares. Cross Atlantic Capital Partners – Inc. sold $13.05M worth of stock. Shares for $167,167 were sold by Williams Barry MV. Conway Thomas E had sold 40,000 shares worth $408,800 on Tuesday, August 9. CALDWELL DONALD R had sold 1.45M shares worth $13.05 million on Wednesday, September 14. 400 shares with value of $4,400 were sold by Preuninger James W on Thursday, August 18.
About 943,577 shares traded hands or 64.83% up from the average. Amber Road Inc (NYSE:AMBR) has risen 129.49% since April 21, 2016 and is uptrending. It has outperformed by 124.16% the S&P500.
Amber Road, Inc. is a provider of cloud global trade management solutions. The company has a market cap of $327.53 million. 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. It currently has negative earnings. The Firm delivers its GTM solution using a software-as-a-service (SaaS) model.
According to Zacks Investment Research, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey.”
Analysts await Amber Road Inc (NYSE:AMBR) to report earnings on February, 9. They expect $-0.14 EPS, up 41.67% or $0.10 from last year’s $-0.24 per share. After $-0.13 actual EPS reported by Amber Road Inc for the previous quarter, Wall Street now forecasts 7.69% negative EPS growth.
Another recent and important Amber Road Inc (NYSE:AMBR) news was published by Seekingalpha.com which published an article titled: “Amber Road: The Road To $3.50 (>65% Downside)” on November 11, 2016.
Amber Road, Inc., incorporated on October 7, 2013, is a well-known provider of cloud 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. The Firm delivers its GTM solution using a software-as-a-service (SaaS) model. The Company’s solution automates the global supply chain across sourcing, logistics, cross-border trade and regulatory compliance activities. The Company’s GTM solution combines enterprise-class software, trade content sourced from government agencies and transportation providers in approximately 145 countries, and a global supply chain network connecting its clients with the trading partners, including suppliers, freight forwarders, customs brokers and transportation carriers.
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By Adrian Mccoy