Gagnon Securities Lowers stake in Amber Road Inc (AMBR)

Amber Road Inc (AMBR) : Gagnon Securities reduced its stake in Amber Road Inc by 0.72% during the most recent quarter end. The investment management company now holds a total of 1,507,916 shares of Amber Road Inc which is valued at $15,154,556 after selling 10,976 shares in Amber Road Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Amber Road Inc makes up approximately 6.69% of Gagnon Securities’s portfolio.

Other Hedge Funds, Including , 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.Royce Associates Lp boosted its stake in AMBR in the latest quarter, The investment management firm added 97,717 additional shares and now holds a total of 1,274,667 shares of Amber Road Inc which is valued at $12,988,857. Amber Road Inc makes up approx 0.08% of Royce Associates Lp’s portfolio.California State Teachers Retirement System reduced its stake in AMBR by selling 900 shares or 2.4% in the most recent quarter. The Hedge Fund company now holds 36,606 shares of AMBR which is valued at $322,865.Kornitzer Capital Management Inc Ks reduced its stake in AMBR by selling 51,300 shares or 19.96% in the most recent quarter. The Hedge Fund company now holds 205,700 shares of AMBR which is valued at $1,814,274. Amber Road Inc makes up approx 0.03% of Kornitzer Capital Management Inc Ks’s portfolio.

Amber Road Inc opened for trading at $11.05 and hit $11.1 on the upside on Friday, eventually ending the session at $11.1, with a gain of 0.91% or 0.1 points. The heightened volatility saw the trading volume jump to 2,59,095 shares. Company has a market cap of $294 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.

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