Amber Road, Inc. (AMBR) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Amber Road, Inc. (NYSE:AMBR) announced its quarterly earnings results on Thursday. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.06, Briefing.com reports. Amber Road had a negative return on equity of 53.03% and a negative net margin of 22.59%. The firm had revenue of $20.20 million during the quarter, compared to the consensus estimate of $20.36 million. During the same period in the prior year, the firm earned ($0.08) EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year.

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Several brokerages recently issued reports on AMBR. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of Amber Road in a report on Wednesday. Zacks Investment Research downgraded Amber Road from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $11.50.

In related news, CEO James W. Preuninger sold 36,609 shares of Amber Road stock in a transaction on Friday, September 15th. The shares were sold at an average price of $7.56, for a total value of $276,764.04. Following the transaction, the chief executive officer now owns 1,815,184 shares in the company, valued at approximately $13,722,791.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James W. Preuninger sold 17,162 shares of Amber Road stock in a transaction on Monday, September 11th. The stock was sold at an average price of $7.87, for a total transaction of $135,064.94. Following the completion of the transaction, the chief executive officer now owns 1,877,222 shares in the company, valued at approximately $14,773,737.14. The disclosure for this sale can be found here. Insiders have sold a total of 82,424 shares of company stock worth $633,622 in the last 90 days. 13.10% of the stock is owned by insiders.

A hedge fund recently raised its stake in Amber Road stock. The Manufacturers Life Insurance Company increased its position in Amber Road, Inc. (NYSE:AMBR) by 27.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,788 shares of the software maker’s stock after acquiring an additional 4,042 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Amber Road worth $162,000 at the end of the most recent quarter. 71.42% of the stock is currently owned by institutional investors.

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.

Earnings History for Amber Road (NYSE:AMBR)

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