Amber Road Inc (NYSE:AMBR) CFO Thomas E. Conway sold 3,720 shares of the company’s stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $9.81, for a total value of $36,493.20. Following the completion of the transaction, the chief financial officer now directly owns 25,000 shares of the company’s stock, valued at approximately $245,250. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Thomas E. Conway also recently made the following trade(s):
- On Friday, August 31st, Thomas E. Conway sold 3,186 shares of Amber Road stock. The shares were sold at an average price of $8.71, for a total value of $27,750.06.
Shares of AMBR opened at $9.13 on Friday. Amber Road Inc has a 1 year low of $6.14 and a 1 year high of $10.41. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $264.75 million, a PE ratio of -19.43 and a beta of 0.26.
Amber Road (NYSE:AMBR) last issued its earnings results on Tuesday, August 7th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. Amber Road had a negative return on equity of 38.21% and a negative net margin of 12.71%. The business had revenue of $21.06 million during the quarter, compared to analysts’ expectations of $20.83 million. As a group, equities research analysts expect that Amber Road Inc will post -0.4 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of AMBR. Citadel Advisors LLC acquired a new position in shares of Amber Road in the 1st quarter worth approximately $208,000. The Manufacturers Life Insurance Company raised its holdings in shares of Amber Road by 59.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,872 shares of the software maker’s stock worth $160,000 after buying an additional 6,643 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Amber Road in the 1st quarter worth approximately $120,000. Northpointe Capital LLC acquired a new position in shares of Amber Road in the 2nd quarter worth approximately $2,161,000. Finally, Penbrook Management LLC raised its holdings in shares of Amber Road by 27.9% in the 2nd quarter. Penbrook Management LLC now owns 91,800 shares of the software maker’s stock worth $864,000 after buying an additional 20,000 shares in the last quarter. 67.82% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on the company. Zacks Investment Research cut Amber Road from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised Amber Road from a “hold” rating to a “buy” rating in a report on Monday, September 24th. Finally, Stifel Nicolaus increased their target price on Amber Road from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Amber Road has an average rating of “Buy” and an average price target of $11.75.
Amber Road Company Profile
Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. 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, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.
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