Amber Road Inc (AMBR) : Needham Investment Management scooped up 99,200 additional shares in Amber Road Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,036,200 shares of Amber Road Inc which is valued at $10,413,810.Amber Road Inc makes up approximately 2.74% of Needham Investment Management’s portfolio.
Other Hedge Funds, Including , Driehaus Capital Management added AMBR to its portfolio by purchasing 26,000 company shares during the most recent quarter which is valued at $261,300. Amber Road Inc makes up approx 0.01% of Driehaus Capital Management’s portfolio.Levin Capital Strategies boosted its stake in AMBR in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 25,000 shares of Amber Road Inc which is valued at $251,250.Parametric Portfolio Associates boosted its stake in AMBR in the latest quarter, The investment management firm added 468 additional shares and now holds a total of 11,560 shares of Amber Road Inc which is valued at $116,178.Blackrock Advisors boosted its stake in AMBR in the latest quarter, The investment management firm added 122 additional shares and now holds a total of 4,672 shares of Amber Road Inc which is valued at $46,954.Oppenheimer Co Inc reduced its stake in AMBR by selling 30,000 shares or 7.16% in the most recent quarter. The Hedge Fund company now holds 389,075 shares of AMBR which is valued at $3,964,674. Amber Road Inc makes up approx 0.11% of Oppenheimer Co Inc’s portfolio.
Amber Road Inc opened for trading at $10.49 and hit $10.86 on the upside on Thursday, eventually ending the session at $10.8, with a gain of 2.96% or 0.31 points. The heightened volatility saw the trading volume jump to 1,85,101 shares. Company has a market cap of $286 M.
On the company’s financial health, Amber Road Inc reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.17. The company had revenue of $18.14 million for the quarter, compared to analysts expectations of $17.77 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.19 EPS.
Many Wall Street Analysts have commented on Amber Road Inc. Company shares were Reiterated by FBR Capital on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 12 from a previous price target of $10 .Company shares were Reiterated by Needham on Jun 20, 2016 to “Buy”, Firm has raised the Price Target to $ 11 from a previous price target of $7 .
Amber Road Inc. is a provider of a cloud-based global trade management (GTM) solution which automates import and export processes to enable goods to flow across international borders. The Company’s solution combines enterprise-class software trade content sourced from Government agencies and transportation providers across 145 countries and a global supply chain network connecting its customers with the trading partners including suppliers freight forwarders customs brokers and transportation carriers. The Company offers GTM solution modules and services for import management export management china trade management global logistics management trade agreement management and professional services. Its GTM solution also includes a global supply chain network of pre-built connections to the customers’ trading partners.