Amber Road, Inc. (NYSE:AMBR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey. “

A number of other analysts have also weighed in on AMBR. ValuEngine cut shares of Amber Road from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Ladenburg Thalmann Financial Services restated a “buy” rating and set a $15.00 target price on shares of Amber Road in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $11.50.

Shares of Amber Road (NYSE:AMBR) traded up 2.03% on Wednesday, hitting $8.03. 17,721 shares of the stock traded hands. The company’s market cap is $217.07 million. Amber Road has a one year low of $6.71 and a one year high of $12.30. The stock has a 50 day moving average of $7.63 and a 200 day moving average of $7.96.

Amber Road (NYSE:AMBR) last posted its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.04. Amber Road had a negative net margin of 22.59% and a negative return on equity of 53.03%. The company had revenue of $19.70 million during the quarter, compared to analyst estimates of $19.84 million. During the same period last year, the firm posted ($0.11) EPS. Amber Road’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts anticipate that Amber Road will post ($0.37) earnings per share for the current year.

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In other news, CFO Thomas E. Conway sold 4,843 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $7.46, for a total transaction of $36,128.78. Following the sale, the chief financial officer now owns 4,843 shares of the company’s stock, valued at approximately $36,128.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James W. Preuninger sold 17,162 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,877,222 shares in the company, valued at approximately $14,773,737.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,424 shares of company stock valued at $633,622. 13.10% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of Amber Road by 1.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 11,740 shares of the software maker’s stock valued at $101,000 after purchasing an additional 224 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Amber Road by 27.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,788 shares of the software maker’s stock worth $162,000 after buying an additional 4,042 shares in the last quarter. Rhumbline Advisers boosted its holdings in Amber Road by 12.5% during the second quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock worth $177,000 after buying an additional 2,305 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Amber Road during the second quarter worth $190,000. Finally, Highbridge Capital Management LLC boosted its holdings in Amber Road by 269.2% during the first quarter. Highbridge Capital Management LLC now owns 41,702 shares of the software maker’s stock worth $322,000 after buying an additional 30,406 shares in the last quarter. 69.33% of the stock is owned by hedge funds and other 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.

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