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Amber Road Inc. (AMBR): Discovery Group Further Lowers Its Stake

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Michael Murphy and Daniel Donoghue‘s Discovery Group has further decreased its stake in Amber Road Inc. (NYSE:AMBR), according to a new 13D filing with the US Securities and Exchange Commission. The fund’s stake was lowered from 1.51 million shares, which amassed 5.7% of the float (reported in a previous filing), to 1.19 million shares, accounting for 4.5% of the Amber Road’s stock.

Amber Road is a company that offers cloud-based global trade management solutions, which contain modules for logistic contract and rate management and Global Knowledge trade content database to importers and exporters, among other. Year-to-date, the company’s stock is up by 85.46%. For the second quarter of 2016, Amber Road reported an adjusted non-GAAP loss per share of $0.11 and revenue of $18.1 million, topping both the estimates of a loss per share of $0.18 and revenue of $17.8 million.

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The number of hedge funds with long positions in Amber Road  (NYSE:AMBR) increased by two in recent months, and at the end of June, there were 10 investors long the company. Among the bullish smart money managers were Josh Goldberg’s G2 Investment Partners Management, which reported owning $10.73 million worth of Amber Road’s shares, Chuck Royce’s Royce & Associates, with a position valued at $9.83 million, Jim Simons’ Renaissance Technologies, and John A. Levin’s Levin Capital Strategies.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Discovery Equity Partners 1,193,641 1,193,641 1,193,641 4.5%
Discovery Group I 1,193,641 1,193,641 1,193,641 4.5%
Daniel J. Donoghue 1,193,641 1,193,641 1,193,641 4.5%
Michael R. Murphy 1,193,641 1,193,641 1,193,641 4.5%

Page 1 of 9 – SEC Filing



D.C. 20549





TO §

TO § 240.13d-2(a)



(Amendment No. 5)*


Amber Road, Inc.

(Name of Issuer)


Common Stock, par value $0.001 per share

(Title of Class of Securities)



(CUSIP Number)

Michael R. Murphy

Discovery Group I, LLC

300 South Wacker Drive

Suite 600

Chicago, Illinois 60606

Telephone Number: (312) 265-9600

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

September 23, 2016

(Date of Event which Requires Filing of
this Statement)

If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box. ¨

Note: Schedules filed in paper format shall include a
signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are
to be sent.

*The remainder of this cover page shall be filled
out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page
shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).

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