November 30, 2016 - By Hazel Jackson
Insider sale amounting to approximately $1,760,777 USD was made public online in a public report submitted to the U.S. Security & Exchange Commission on 30/11/2016. According to which, Donald Caldwell, the director of Amber Road Inc also an insider of the firm had sold precisely 153,111 shares – ( at $11.5 for each one share ). He also unloaded 389,788 shares worth about $4,575,234 USD in the last month. Donald Caldwell now holds 3.63 million shares or 13.52% of Amber Road Inc’s market cap.
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. Canaccord Genuity maintained it with “Buy” rating and $9.0 target price in Friday, August 7 report. Stifel Nicolaus maintained it with “Buy” rating and $10 target price in Friday, February 12 report. Stifel Nicolaus maintained Amber Road Inc (NYSE:AMBR) rating on Friday, August 5. Stifel Nicolaus has “Buy” rating and $12 price target. The stock has “Buy” rating given by Needham on Friday, August 7. As per Monday, August 15, the company rating was maintained by Raymond James. As per Monday, September 28, the company rating was reinitiated by Needham. Needham maintained it with “Buy” rating and $11 target price in Monday, June 20 report. The rating was maintained by FBR Capital on Friday, August 5 with “Outperform”.
Insitutional Activity: The institutional sentiment increased to 2.6 in 2016 Q2. Its up 0.43, from 2.17 in 2016Q1. The ratio increased, 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.
The New York-based Morgan Stanley has invested 0% in Amber Road Inc (NYSE:AMBR). Millennium Mgmt Ltd Co, a New York-based fund reported 28,500 shares. Levin Cap Strategies Lp holds 25,000 shares or 0% of its portfolio. Coe Cap Llc last reported 0% of its portfolio in the stock. Needham Invest Management Limited Liability last reported 1.04M shares in the company. G2 Inv Prtn Mngmt Ltd Liability Com last reported 1.39 million shares in the company. Wall Street Assoc last reported 1.16% of its portfolio in the stock. Ellington Management Gp owns 16,500 shares or 0.18% of their US portfolio. Granite Inv Prns Limited Liability Com owns 381,015 shares or 0.23% of their US portfolio. Blackrock Fund Advsr has invested 0% of its portfolio in Amber Road Inc (NYSE:AMBR). Wells Fargo And Co Mn accumulated 5,632 shares or 0% of the stock. Moreover, American Intl Gp Inc has 0% invested in Amber Road Inc (NYSE:AMBR) for 10,197 shares. Royal National Bank & Trust Of Canada owns 800 shares or 0% of their US portfolio. Renaissance Tech Limited Liability Corp accumulated 604,600 shares or 0.01% of the stock. Manufacturers Life The accumulated 5,893 shares or 0% of the stock.
Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 12 sales for $37.94 million net activity. Another trade for 1.45M shares valued at $13.05 million was sold by Cross Atlantic Capital Partners – Inc.. The insider Cooke Albert C III sold 34,404 shares worth $361,242. $4,400 worth of Amber Road Inc (NYSE:AMBR) was sold by Preuninger James W. $408,800 worth of Amber Road Inc (NYSE:AMBR) shares were sold by Conway Thomas E. Shares for $4.58M were sold by CALDWELL DONALD R on Wednesday, November 23. Williams Barry MV sold $167,167 worth of Amber Road Inc (NYSE:AMBR) on Friday, August 12.
The stock decreased 0.17% or $0.02 on November 30, hitting $11.63. About 335,760 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 earnings per share, up 41.67% or $0.10 from last year’s $-0.24 per share. After $-0.13 actual earnings per share 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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