Amber Road Inc (NYSE:AMBR) Short Interest Down 73.4% in May

Amber Road Inc (NYSE:AMBR) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 179,500 shares, a decline of 73.4% from the April 30th total of 675,400 shares. Based on an average daily trading volume, of 408,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are short sold.

In other news, insider Nathan Pieri sold 9,862 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $13.00, for a total transaction of $128,206.00. Following the transaction, the insider now directly owns 9,862 shares in the company, valued at $128,206. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James W. Preuninger sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $12.97, for a total transaction of $907,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 562,396 shares of company stock worth $7,289,639. Company insiders own 15.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its position in Amber Road by 11.1% in the fourth quarter. Bank of Montreal Can now owns 18,109 shares of the software maker’s stock valued at $149,000 after purchasing an additional 1,814 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Amber Road by 14.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 15,351 shares of the software maker’s stock valued at $126,000 after purchasing an additional 1,911 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Amber Road by 61,587.5% in the first quarter. BNP Paribas Arbitrage SA now owns 4,935 shares of the software maker’s stock valued at $43,000 after purchasing an additional 4,927 shares in the last quarter. Rhumbline Advisers grew its position in Amber Road by 51.1% in the fourth quarter. Rhumbline Advisers now owns 30,131 shares of the software maker’s stock valued at $248,000 after purchasing an additional 10,191 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in Amber Road in the fourth quarter valued at $93,000. 79.65% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Amber Road from a “sell” rating to a “hold” rating in a report on Monday, February 18th. ValuEngine downgraded shares of Amber Road from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Stifel Nicolaus downgraded shares of Amber Road from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, LADENBURG THALM/SH SH downgraded shares of Amber Road from a “buy” rating to a “neutral” rating in a research note on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Amber Road currently has a consensus rating of “Hold” and a consensus price target of $13.98.

Shares of AMBR stock traded up $0.01 during trading hours on Monday, hitting $13.00. 4,442 shares of the company were exchanged, compared to its average volume of 380,222. The company has a 50 day moving average of $11.79. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. Amber Road has a 52 week low of $7.60 and a 52 week high of $13.03. The stock has a market cap of $377.25 million, a P/E ratio of -26.54 and a beta of -0.06.

Amber Road (NYSE:AMBR) last issued its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. Amber Road had a negative net margin of 12.49% and a negative return on equity of 33.06%. The company had revenue of $21.10 million during the quarter, compared to the consensus estimate of $20.62 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Amber Road will post -0.33 earnings per share for the current fiscal year.

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About Amber Road

Amber Road, Inc provides cloud-based global trade management (GTM) solutions in the United States and internationally. The company's GTM solutions include modules, such as import management, export management, China trade management, global logistics management, trade agreement management, and supply chain collaboration, as well as professional services, such as assessment, implementation, education and training, and maintenance and support.

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