Amber Road Inc (AMBR) : Gagnon Advisors scooped up 261,599 additional shares in Amber Road Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 739,502 shares of Amber Road Inc which is valued at $3,549,610.Amber Road Inc makes up approximately 3.23% of Gagnon Advisors’s portfolio.
Other Hedge Funds, Including , Gagnon Securities boosted its stake in AMBR in the latest quarter, The investment management firm added 317,211 additional shares and now holds a total of 1,518,892 shares of Amber Road Inc which is valued at $7,290,682. Amber Road Inc makes up approx 3.62% of Gagnon Securities’s portfolio.Rhumbline Advisers boosted its stake in AMBR in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 16,529 shares of Amber Road Inc which is valued at $79,339.Kornitzer Capital Management Inc Ks reduced its stake in AMBR by selling 53,400 shares or 17.2% in the most recent quarter. The Hedge Fund company now holds 257,000 shares of AMBR which is valued at $1,233,600. Amber Road Inc makes up approx 0.02% of Kornitzer Capital Management Inc Ks’s portfolio. New Jersey Better Educational Savings Trust sold out all of its stake in AMBR during the most recent quarter. The investment firm sold 60,000 shares of AMBR which is valued $294,600.Oppenheimer Co Inc boosted its stake in AMBR in the latest quarter, The investment management firm added 3,910 additional shares and now holds a total of 419,075 shares of Amber Road Inc which is valued at $2,057,658. Amber Road Inc makes up approx 0.06% of Oppenheimer Co Inc’s portfolio.
Amber Road Inc opened for trading at $5.25 and hit $5.32 on the upside on Tuesday, eventually ending the session at $5.24, with a gain of 0.58% or 0.03 points. The heightened volatility saw the trading volume jump to 1,70,432 shares. Company has a market cap of $138 M.
On the company’s financial health, Amber Road Inc reported $-0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.18. The company had revenue of $17.00 million for the quarter, compared to analysts expectations of $16.67 million. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.
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.