Insider Selling: Amber Road, Inc. (AMBR) CEO Sells $125,774.75 in Stock

Amber Road, Inc. (NYSE:AMBR) CEO James W. Preuninger sold 16,229 shares of Amber Road stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $7.75, for a total transaction of $125,774.75. Following the sale, the chief executive officer now owns 1,857,722 shares of the company’s stock, valued at $14,397,345.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Amber Road, Inc. (NYSE:AMBR) opened at 7.60 on Friday. The company has a 50 day moving average of $7.92 and a 200 day moving average of $7.92. The firm’s market capitalization is $206.40 million. Amber Road, Inc. has a 1-year low of $6.71 and a 1-year high of $12.30.

Amber Road (NYSE:AMBR) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. Amber Road had a negative return on equity of 53.03% and a negative net margin of 22.59%. The firm had revenue of $19.70 million during the quarter, compared to the consensus estimate of $19.84 million. During the same period last year, the company earned ($0.11) earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts forecast that Amber Road, Inc. will post ($0.37) EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Amber Road by 1.9% during the second quarter. Goldman Sachs Group Inc. now owns 11,740 shares of the software maker’s stock worth $101,000 after purchasing an additional 224 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Amber Road by 27.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,788 shares of the software maker’s stock worth $162,000 after purchasing an additional 4,042 shares during the period. Rhumbline Advisers lifted its holdings in shares of Amber Road by 12.5% during the second quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock worth $177,000 after purchasing an additional 2,305 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Amber Road during the second quarter worth $190,000. Finally, Highbridge Capital Management LLC lifted its holdings in shares of Amber Road by 269.2% during the first quarter. Highbridge Capital Management LLC now owns 41,702 shares of the software maker’s stock worth $322,000 after purchasing an additional 30,406 shares during the period. 69.33% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Amber Road from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Wednesday, August 9th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Amber Road in a research note on Monday, June 5th. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $15.00 price objective on shares of Amber Road in a research note on Monday, June 12th. Finally, ValuEngine cut shares of Amber Road from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $11.50.

About Amber Road

Amber Road, Inc is a provider of cloud-based 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.

Insider Buying and Selling by Quarter for Amber Road (NYSE:AMBR)

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