Penbrook Management LLC Acquires 20,000 Shares of Amber Road Inc (AMBR)

Penbrook Management LLC raised its holdings in Amber Road Inc (NYSE:AMBR) by 27.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 91,800 shares of the software maker’s stock after acquiring an additional 20,000 shares during the quarter. Penbrook Management LLC owned approximately 0.34% of Amber Road worth $864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Deutsche Bank AG increased its position in shares of Amber Road by 80.8% during the fourth quarter. Deutsche Bank AG now owns 151,340 shares of the software maker’s stock worth $1,110,000 after buying an additional 67,624 shares during the period. Renaissance Technologies LLC increased its position in shares of Amber Road by 9.4% during the fourth quarter. Renaissance Technologies LLC now owns 629,600 shares of the software maker’s stock worth $4,621,000 after buying an additional 54,090 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Amber Road during the fourth quarter worth $168,000. Millennium Management LLC increased its position in shares of Amber Road by 47.6% during the fourth quarter. Millennium Management LLC now owns 43,781 shares of the software maker’s stock worth $321,000 after buying an additional 14,114 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Amber Road during the first quarter worth $565,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

In other Amber Road news, CEO James W. Preuninger sold 8,380 shares of the firm’s stock in a transaction on Tuesday, July 17th. The shares were sold at an average price of $8.82, for a total value of $73,911.60. Following the transaction, the chief executive officer now directly owns 1,789,437 shares of the company’s stock, valued at $15,782,834.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ralph E. Faison acquired 3,000 shares of the company’s stock in a transaction on Tuesday, May 15th. The stock was acquired at an average cost of $9.38 per share, for a total transaction of $28,140.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 97,848 shares of company stock worth $916,219. 15.10% of the stock is owned by insiders.



Several research analysts recently issued reports on the stock. ValuEngine raised shares of Amber Road from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Stifel Nicolaus increased their target price on shares of Amber Road from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.50.

NYSE AMBR traded down $0.03 on Monday, hitting $8.50. 4,311 shares of the company were exchanged, compared to its average volume of 71,407. The firm has a market cap of $233.13 million, a PE ratio of -18.02 and a beta of 0.33. Amber Road Inc has a 12 month low of $6.14 and a 12 month high of $10.29. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.68.

Amber Road (NYSE:AMBR) last issued its earnings results on Thursday, May 10th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. The business had revenue of $20.10 million for the quarter, compared to analyst estimates of $20.05 million. Amber Road had a negative net margin of 14.56% and a negative return on equity of 44.17%. Amber Road’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.12) earnings per share. equities analysts predict that Amber Road Inc will post -0.41 earnings per share for the current year.

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 for logistics contract and rate management; supply chain visibility and event management; international trade compliance; and global knowledge trade content database, supply chain collaboration with overseas factories and vendors, and duty management solutions to importers and exporters, nonvessel owning common carriers (resellers), and ocean carriers.

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

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