November 29, 2016 - By Ruchi Gupta
The insider of Amber Road Inc, Cross Atlantic Capital Partners – Inc. sold 389,788 shares of the ‘s company based on the average share price which is $11.7 per every share. The sold shares have a value of exactly $4,575,234 USD. Cross Atlantic Capital Partners – Inc. owns about 14.17% of Amber Road Inc’s market cap or 3.76 million shares. Considering the size of the stocks unloading, it is difficult to remain undiscovered.
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 -5.17% below today’s ($11.6) stock price. Amber Road has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Needham maintained the stock with “Buy” rating in Monday, June 20 report. Needham reinitiated the stock with “Buy” rating in Monday, September 28 report. The stock has “Outperform” rating given by Raymond James on Monday, August 15. The firm earned “Outperform” rating on Friday, August 5 by FBR Capital. The company was maintained on Friday, August 7 by Needham. The firm has “Buy” rating by Stifel Nicolaus given on Friday, August 5. The firm earned “Buy” rating on Friday, February 12 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, August 7 by Canaccord Genuity.
Insitutional Activity: The institutional sentiment increased to 2.6 in 2016 Q2. Its up 0.43, from 2.17 in 2016Q1. The ratio is positive, 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.
Wall Street Associate last reported 1.16% of its portfolio in the stock. Bank Of America Corporation De holds 335 shares or 0% of its portfolio. Royal Bank Of Canada holds 0% of its portfolio in Amber Road Inc (NYSE:AMBR) for 800 shares. Bridgeway Management holds 0.01% or 92,800 shares in its portfolio. Moreover, Levin Strategies Lp has 0% invested in Amber Road Inc (NYSE:AMBR) for 25,000 shares. G2 Inv Prtn Management Ltd Co accumulated 1.39M shares or 4.95% of the stock. Coe Ltd Co has 0% invested in the company for 115,116 shares. Kornitzer Cap Management Ks holds 205,700 shares or 0.03% of its portfolio. Schwab Charles Investment Mgmt has invested 0% of its portfolio in Amber Road Inc (NYSE:AMBR). Blackrock Fund Advisors, a California-based fund reported 457,828 shares. Thompson Davis Com Inc accumulated 5,500 shares or 0.07% of the stock. Teachers Advisors Incorporated has 0% invested in the company for 24,950 shares. Morgan Stanley owns 14,078 shares or 0% of their US portfolio. Parametric Port Associates Lc holds 11,560 shares or 0% of its portfolio. Invesco reported 17,951 shares or 0% of all its holdings.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 10 selling transactions for $28.79 million net activity. Shares for $408,800 were sold by Conway Thomas E. Cross Atlantic Capital Partners – Inc. sold $13.05 million worth of stock or 1.45 million shares. 100,000 shares were sold by Preuninger James W, worth $1.03 million on Tuesday, August 9. $210,840 worth of Amber Road Inc (NYSE:AMBR) shares were sold by Cooke Albert C III. On Wednesday, September 14 the insider CALDWELL DONALD R sold $13.05 million. $167,167 worth of shares were sold by Williams Barry MV on Friday, August 12.
The stock decreased 1.11% or $0.13 during the last trading session, hitting $11.6. About 1.25M shares traded hands or 94.99% up from the average. Amber Road Inc (NYSE:AMBR) has risen 121.80% since April 26, 2016 and is uptrending. It has outperformed by 116.54% the S&P500.
Amber Road, Inc. is a provider of cloud global trade management solutions. The company has a market cap of $311.64 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.
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 Ruchi Gupta