Amber Road Inc (AMBR) Shares Bought by Bank of America Corp DE

Bank of America Corp DE increased its position in Amber Road Inc (NYSE:AMBR) by 880.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,097 shares of the software maker’s stock after buying an additional 66,540 shares during the quarter. Bank of America Corp DE’s holdings in Amber Road were worth $610,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMBR. Vanguard Group Inc lifted its holdings in shares of Amber Road by 16.5% during the third quarter. Vanguard Group Inc now owns 1,205,262 shares of the software maker’s stock valued at $11,594,000 after purchasing an additional 170,725 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amber Road by 16.5% during the third quarter. Vanguard Group Inc. now owns 1,205,262 shares of the software maker’s stock valued at $11,594,000 after purchasing an additional 170,725 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Amber Road by 7.0% during the fourth quarter. Royce & Associates LP now owns 1,868,815 shares of the software maker’s stock valued at $15,380,000 after purchasing an additional 122,896 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Amber Road by 6.2% during the fourth quarter. BlackRock Inc. now owns 1,561,136 shares of the software maker’s stock valued at $12,847,000 after purchasing an additional 91,376 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Amber Road during the fourth quarter valued at $415,000. Institutional investors and hedge funds own 80.08% of the company’s stock.

Several equities research analysts have recently commented on AMBR shares. LADENBURG THALM/SH SH downgraded Amber Road from a “buy” rating to a “neutral” rating in a report on Monday, May 13th. Zacks Investment Research raised Amber Road from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Wednesday, February 6th. Finally, 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 report on Tuesday, May 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $13.98.

In related news, CEO James W. Preuninger sold 70,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $12.97, for a total transaction of $907,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James W. Preuninger sold 41,560 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $9.51, for a total value of $395,235.60. Following the transaction, the chief executive officer now directly owns 1,713,929 shares in the company, valued at $16,299,464.79. The disclosure for this sale can be found here. Insiders have sold 492,801 shares of company stock worth $6,157,758 over the last three months. 15.10% of the stock is owned by insiders.

NYSE:AMBR opened at $12.97 on Friday. The firm has a market cap of $368.81 million, a P/E ratio of -26.47 and a beta of 0.46. Amber Road Inc has a 1-year low of $7.60 and a 1-year high of $13.02. The company has a current ratio of 0.60, a quick ratio of 0.65 and a debt-to-equity ratio of 0.84.

Amber Road (NYSE:AMBR) last posted its quarterly earnings results on Thursday, May 9th. The software maker reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. The firm had revenue of $21.10 million for the quarter, compared to analyst estimates of $20.62 million. Amber Road had a negative return on equity of 33.06% and a negative net margin of 12.49%. Amber Road’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. Equities research analysts predict that Amber Road Inc will post -0.31 EPS for the current year.

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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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