Cramer Rosenthal Mcglynn LLC Increases Stake in Amber Road, Inc. (AMBR)

Cramer Rosenthal Mcglynn LLC increased its position in shares of Amber Road, Inc. (NYSE:AMBR) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,016,607 shares of the software maker’s stock after buying an additional 14,615 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 3.74% of Amber Road worth $7,808,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. OxFORD Asset Management LLP purchased a new position in shares of Amber Road during the third quarter valued at $180,000. Schwab Charles Investment Management Inc. boosted its position in Amber Road by 78.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 41,000 shares of the software maker’s stock valued at $315,000 after purchasing an additional 18,000 shares in the last quarter. Oaktop Capital Management II L.P. boosted its position in Amber Road by 25.5% during the third quarter. Oaktop Capital Management II L.P. now owns 1,196,812 shares of the software maker’s stock valued at $9,192,000 after purchasing an additional 242,852 shares in the last quarter. Wells Fargo & Company MN boosted its position in Amber Road by 73.6% during the third quarter. Wells Fargo & Company MN now owns 20,167 shares of the software maker’s stock valued at $155,000 after purchasing an additional 8,547 shares in the last quarter. Finally, Cadence Capital Management LLC boosted its position in Amber Road by 58.2% during the third quarter. Cadence Capital Management LLC now owns 113,959 shares of the software maker’s stock valued at $875,000 after purchasing an additional 41,939 shares in the last quarter. Hedge funds and other institutional investors own 72.64% of the company’s stock.

Shares of Amber Road, Inc. (AMBR) opened at $7.29 on Thursday. Amber Road, Inc. has a 12-month low of $6.14 and a 12-month high of $11.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.64 and a quick ratio of 0.64.

Amber Road (NYSE:AMBR) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.06. Amber Road had a negative return on equity of 53.22% and a negative net margin of 20.19%. The company had revenue of $20.20 million for the quarter, compared to the consensus estimate of $20.36 million. During the same quarter last year, the company earned ($0.08) earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. equities research analysts predict that Amber Road, Inc. will post -0.52 earnings per share for the current year.

A number of equities research analysts recently weighed in on AMBR shares. Zacks Investment Research raised Amber Road from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research report on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Amber Road in a research report on Wednesday, November 1st. Finally, Canaccord Genuity dropped their price objective on Amber Road from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Amber Road presently has a consensus rating of “Hold” and a consensus target price of $11.25.

In other Amber Road news, VP Albert C. Cooke III sold 4,182 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $7.09, for a total value of $29,650.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James W. Preuninger sold 16,229 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $7.75, for a total value of $125,774.75. Following the completion of the sale, the chief executive officer now directly owns 1,857,722 shares of the company’s stock, valued at approximately $14,397,345.50. The disclosure for this sale can be found here. In the last three months, insiders sold 79,025 shares of company stock valued at $598,588. Corporate insiders own 13.10% of the company’s stock.

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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.

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

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