Today, 33,480 Shares of Amber Road Inc. (AMBR) Stock are sold by Thomas E. Conway

Today, 33,480 Shares of Amber Road Inc. (AMBR) Stock are sold by Thomas E. Conway
Amber Road Inc. (NYSE:AMBR) CFO Thomas E. Conway sold 33,480 shares of Amber Road stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $11.71, for a total value of $392,050.80. Following the completion of the transaction, the chief financial officer now owns 33,480 shares of the company’s stock, valued at $392,050.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Amber Road Inc. (NYSE:AMBR) opened at 11.71 on Friday. The firm’s 50-day moving average price is $9.95 and its 200 day moving average price is $8.76. The company’s market cap is $314.05 million. Amber Road Inc. has a 52 week low of $3.60 and a 52 week high of $12.30.

Amber Road (NYSE:AMBR) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. The firm had revenue of $18.90 million for the quarter, compared to analysts’ expectations of $18.92 million. Amber Road had a negative return on equity of 50.09% and a negative net margin of 29.32%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) EPS. On average, equities research analysts forecast that Amber Road Inc. will post ($0.44) EPS for the current year.

Several brokerages have recently weighed in on AMBR. Pacific Crest reiterated a “hold” rating on shares of Amber Road in a research report on Friday, August 5th. Zacks Investment Research upgraded Amber Road from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Wednesday, August 10th. Raymond James Financial Inc. lifted their price target on Amber Road from $10.50 to $13.00 and gave the company an “outperform” rating in a research report on Monday, August 15th. Stifel Nicolaus boosted their target price on Amber Road from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, FBR & Co boosted their target price on Amber Road from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, August 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $10.83.

Institutional investors have recently added to or reduced their stakes in the stock. Credit Suisse AG boosted its position in Amber Road by 393.1% in the third quarter. Credit Suisse AG now owns 61,874 shares of the company’s stock valued at $597,000 after buying an additional 49,327 shares during the last quarter. Bamco Inc. NY boosted its position in Amber Road by 0.8% in the third quarter. Bamco Inc. NY now owns 126,000 shares of the company’s stock valued at $1,216,000 after buying an additional 1,000 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in Amber Road during the third quarter valued at $362,000. D. E. Shaw & Co. Inc. boosted its position in Amber Road by 90.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 88,220 shares of the company’s stock valued at $851,000 after buying an additional 41,807 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Amber Road during the third quarter valued at $1,190,000. 61.64% of the stock is currently owned by hedge funds and other institutional investors.

Amber Road Company Profile

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