November 30, 2016 - By Darrin Black
Cross Atlantic Capital Partners – Inc., the insider of Amber Road Inc made a sudden trade for 153,111 shares with an average price-per-share of $11.5 in the public company, that are having a total value $1,760,777 US Dollars. Cross Atlantic Capital Partners – Inc. now indirectly has ownership of 3603788 shares. The insider also directly has ownership of 0 shares. In total it holds a stake of 13.44%.
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 -5.42% below today’s ($11.63) stock price. Amber Road has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. On Friday, August 5 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Monday, August 15, the company rating was maintained by Raymond James. Needham reinitiated Amber Road Inc (NYSE:AMBR) rating on Monday, September 28. Needham has “Buy” rating and $7.0 price target. The stock of Amber Road Inc (NYSE:AMBR) earned “Buy” rating by Canaccord Genuity on Friday, August 7. Needham maintained it with “Buy” rating and $11 target price in Monday, June 20 report. On Friday, August 7 the stock rating was maintained by Needham with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, February 12. The firm earned “Outperform” rating on Friday, August 5 by FBR Capital.
Insitutional Activity: The institutional sentiment increased to 2.6 in 2016 Q2. 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.
G2 Inv Ptnrs Management reported 1.39 million shares or 4.95% of all its holdings. Tiverton Asset Ltd Liability Corp reported 43,863 shares or 0.1% of all its holdings. Gilder Gagnon Howe & Llc, a New York-based fund reported 75,831 shares. Bancorporation Of America De has 0% invested in the company for 335 shares. Millennium Management Limited Liability Corporation holds 28,500 shares or 0% of its portfolio. Blackrock Advsrs Ltd Liability Com accumulated 0% or 4,672 shares. Gagnon Secs Limited Liability Corp accumulated 1.51M shares or 5.57% of the stock. Tiaa Cref Inv Mngmt Limited Liability Corp has invested 0% of its portfolio in Amber Road Inc (NYSE:AMBR). Parametric Portfolio Ltd Company reported 11,560 shares or 0% of all its holdings. Renaissance Technology Ltd owns 604,600 shares or 0.01% of their US portfolio. Driehaus Cap Mngmt Limited Company has 0.01% invested in the company for 26,000 shares. Blackrock Institutional Tru Co Na holds 0% or 154,750 shares in its portfolio. Gagnon Lc accumulated 739,502 shares or 4.91% of the stock. Millrace Asset Group Inc Inc has invested 1.35% of its portfolio in Amber Road Inc (NYSE:AMBR). Moreover, Bamco New York has 0.01% invested in Amber Road Inc (NYSE:AMBR) for 125,000 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 12 sales for $37.94 million net activity. Shares for $4.58 million were sold by CALDWELL DONALD R on Wednesday, November 23. Shares for $167,167 were sold by Williams Barry MV on Friday, August 12. Shares for $392,051 were sold by Conway Thomas E. Cross Atlantic Capital Partners – Inc. had sold 1.45M shares worth $13.05M on Wednesday, September 14. On Wednesday, June 8 Cooke Albert C III sold $114,828 worth of the stock or 16,404 shares. $1.03 million worth of shares were sold by Preuninger James W on Tuesday, August 9.
About 326,569 shares traded hands. Amber Road Inc (NYSE:AMBR) has risen 124.04% since April 27, 2016 and is uptrending. It has outperformed by 118.81% the S&P500.
Amber Road, Inc. is a provider of cloud global trade management solutions. The company has a market cap of $313.25 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 Darrin Black