The stock of Amber Road Inc (NYSE:AMBR) hit a new 52-week high and has $16.86 target or 50.00% above today’s $11.24 share price. The 5 months bullish chart indicates low risk for the $318.68 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $16.86 price target is reached, the company will be worth $159.34M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 105,048 shares traded hands. Amber Road Inc (NYSE:AMBR) has risen 109.04% since April 19, 2016 and is uptrending. It has outperformed by 105.18% the S&P500.
Amber Road Inc (NYSE:AMBR) Ratings Coverage
Out of 5 analysts covering Amber Road (NYSE:AMBR), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Amber Road has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Amber Road Inc (NYSE:AMBR) earned “Buy” rating by Needham on Monday, June 20. As per Friday, August 5, the company rating was maintained by Stifel Nicolaus. As per Friday, August 7, the company rating was maintained by Needham. FBR Capital maintained the shares of AMBR in a report on Friday, August 5 with “Outperform” rating. Needham reinitiated Amber Road Inc (NYSE:AMBR) rating on Monday, September 28. Needham has “Buy” rating and $7.0 price target. Canaccord Genuity maintained the shares of AMBR in a report on Friday, August 7 with “Buy” rating. The firm earned “Outperform” rating on Monday, August 15 by Raymond James. Stifel Nicolaus maintained the shares of AMBR in a report on Friday, February 12 with “Buy” rating.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 2.6 in 2016 Q2. Its up 0.43, from 2.17 in 2016Q1. The ratio increased, as 3 funds sold all Amber Road Inc shares owned while 15 reduced positions. 13 funds bought stakes while 26 increased positions. They now own 13.88 million shares or 2.98% more from 13.48 million shares in 2016Q1.
Blackrock Invest Mgmt Ltd Limited Liability Company reported 67,353 shares or 0% of all its holdings. Blackrock Ltd has invested 0% of its portfolio in Amber Road Inc (NYSE:AMBR). Renaissance Technology Limited Liability Company has 604,600 shares for 0.01% of their US portfolio. Wells Fargo & Mn reported 5,632 shares or 0% of all its holdings. Bridgeway Capital Mngmt accumulated 0.01% or 92,800 shares. National Bank Of Ny Mellon last reported 0% of its portfolio in the stock. Teachers Advisors holds 0% or 24,950 shares in its portfolio. Goldman Sachs has 0% invested in the company for 24,657 shares. Barclays Public Limited Co last reported 0% of its portfolio in the stock. Millennium Mgmt Ltd Liability holds 28,500 shares or 0% of its portfolio. Grp Inc Inc holds 0% of its portfolio in Amber Road Inc (NYSE:AMBR) for 10,197 shares. Fmr Limited Liability, a Massachusetts-based fund reported 20,000 shares. Coe Capital Limited Liability accumulated 115,116 shares or 0% of the stock. Levin Capital Strategies Ltd Partnership has 0% invested in the company for 25,000 shares. Bamco Ny holds 0.01% or 125,000 shares in its portfolio.
Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 9 insider sales for $28.40 million net activity. 20,080 Amber Road Inc (NYSE:AMBR) shares with value of $210,840 were sold by Cooke Albert C III. Another trade for 16,700 shares valued at $167,167 was made by Williams Barry MV on Friday, August 12. 100,000 shares were sold by Preuninger James W, worth $1.03 million on Tuesday, August 9. On Wednesday, September 14 the insider CALDWELL DONALD R sold $13.05M. The insider Cross Atlantic Capital Partners – Inc. sold 1.45 million shares worth $13.05 million. Shares for $408,800 were sold by Conway Thomas E on Tuesday, August 9.
AMBR Company Profile
Amber Road, Inc., incorporated on October 7, 2013, is a well-known provider of cloud 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. The Firm delivers its GTM solution using a software-as-a-service (SaaS) model. The Company’s solution automates the global supply chain across sourcing, logistics, cross-border trade and regulatory compliance activities. The Company’s GTM solution combines enterprise-class software, trade content sourced from government agencies and transportation providers in approximately 145 countries, and a global supply chain network connecting its clients with the trading partners, including suppliers, freight forwarders, customs brokers and transportation carriers.
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