Millennium Management LLC Acquires Shares of 95,195 Amber Road Inc (AMBR)

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Millennium Management LLC acquired a new position in Amber Road Inc (NYSE:AMBR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 95,195 shares of the software maker’s stock, valued at approximately $896,000.

A number of other institutional investors have also modified their holdings of AMBR. BlackRock Inc. grew its position in Amber Road by 22.2% in the second quarter. BlackRock Inc. now owns 1,409,806 shares of the software maker’s stock worth $13,266,000 after acquiring an additional 256,325 shares during the period. Northpointe Capital LLC purchased a new position in Amber Road in the second quarter worth approximately $2,161,000. Renaissance Technologies LLC grew its position in Amber Road by 18.9% in the second quarter. Renaissance Technologies LLC now owns 817,400 shares of the software maker’s stock worth $7,692,000 after acquiring an additional 129,820 shares during the period. Divisar Capital Management LLC grew its position in Amber Road by 16.7% in the second quarter. Divisar Capital Management LLC now owns 679,960 shares of the software maker’s stock worth $6,398,000 after acquiring an additional 97,340 shares during the period. Finally, Royce & Associates LP grew its position in Amber Road by 3.6% in the second quarter. Royce & Associates LP now owns 1,705,139 shares of the software maker’s stock worth $16,045,000 after acquiring an additional 59,368 shares during the period. Institutional investors own 67.86% of the company’s stock.

Several research firms have recently commented on AMBR. ValuEngine upgraded Amber Road from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Zacks Investment Research lowered Amber Road from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $11.75.

AMBR opened at $9.22 on Wednesday. Amber Road Inc has a 52 week low of $6.14 and a 52 week high of $10.41. The firm has a market cap of $254.02 million, a PE ratio of -19.62 and a beta of 0.35. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.69.

Amber Road (NYSE:AMBR) last released its quarterly earnings results on Tuesday, August 7th. The software maker reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. Amber Road had a negative return on equity of 38.21% and a negative net margin of 12.71%. The business had revenue of $21.06 million during the quarter, compared to analyst estimates of $20.83 million. Equities research analysts predict that Amber Road Inc will post -0.4 earnings per share for the current fiscal year.

In other news, insider Nathan Pieri sold 4,920 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $8.94, for a total value of $43,984.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Thomas E. Conway sold 3,720 shares of the stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $9.81, for a total value of $36,493.20. Following the completion of the sale, the chief financial officer now owns 25,000 shares in the company, valued at $245,250. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,545 shares of company stock valued at $878,917. Company insiders own 15.10% of the company’s stock.

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Amber Road 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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