Martingale Asset Management L P Takes $198,000 Position in Amber Road Inc (NYSE:AMBR)

Martingale Asset Management L P purchased a new stake in shares of Amber Road Inc (NYSE:AMBR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,814 shares of the software maker’s stock, valued at approximately $198,000. Martingale Asset Management L P owned 0.08% of Amber Road at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its stake in shares of Amber Road by 61,587.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,935 shares of the software maker’s stock valued at $43,000 after acquiring an additional 4,927 shares during the period. Ramsey Quantitative Systems bought a new position in shares of Amber Road during the 4th quarter valued at approximately $93,000. State Board of Administration of Florida Retirement System grew its stake in shares of Amber Road by 14.2% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 15,351 shares of the software maker’s stock valued at $126,000 after acquiring an additional 1,911 shares during the period. Bank of Montreal Can boosted its stake in Amber Road by 11.1% in the 4th quarter. Bank of Montreal Can now owns 18,109 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,814 shares during the period. Finally, Rhumbline Advisers boosted its stake in Amber Road by 51.1% in the 4th quarter. Rhumbline Advisers now owns 30,131 shares of the software maker’s stock worth $248,000 after purchasing an additional 10,191 shares during the period. 79.65% of the stock is owned by institutional investors and hedge funds.

NYSE:AMBR traded down $0.01 during midday trading on Monday, hitting $13.05. 114,551 shares of the company traded hands, compared to its average volume of 272,404. The firm has a fifty day moving average price of $13.00. Amber Road Inc has a 12-month low of $7.60 and a 12-month high of $13.06. The stock has a market cap of $378.99 million, a price-to-earnings ratio of -26.63 and a beta of -0.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.60.

Amber Road (NYSE:AMBR) last released its quarterly earnings results on Thursday, May 9th. The software maker reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. Amber Road had a negative return on equity of 33.06% and a negative net margin of 12.49%. The company had revenue of $21.10 million for the quarter, compared to analyst estimates of $20.62 million. During the same quarter in the prior year, the firm posted ($0.04) EPS. Amber Road’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts anticipate that Amber Road Inc will post -0.33 earnings per share for the current fiscal year.

AMBR has been the subject of a number of research reports. Stifel Nicolaus downgraded Amber Road from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. LADENBURG THALM/SH SH downgraded Amber Road from a “buy” rating to a “neutral” rating in a research report on Monday, May 13th. Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, May 15th. Needham & Company LLC downgraded Amber Road from a “buy” rating to a “hold” rating and set a $12.95 target price for the company. in a research report on Tuesday, May 14th. Finally, ValuEngine upgraded Amber Road from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Amber Road currently has an average rating of “Hold” and an average price target of $13.98.

In other Amber Road news, insider Nathan Pieri sold 9,862 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $13.00, for a total value of $128,206.00. Following the sale, the insider now owns 9,862 shares in the company, valued at $128,206. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas E. Conway sold 246,666 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $12.95, for a total value of $3,194,324.70. Following the completion of the sale, the chief financial officer now owns 63,177 shares in the company, valued at approximately $818,142.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 562,396 shares of company stock worth $7,289,639. Insiders own 15.10% of the company’s stock.

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, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.

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Institutional Ownership by Quarter for Amber Road (NYSE:AMBR)

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