Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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

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.

stocks, analysis, market, numbers, business, ticker, trade, money, price, investment, index, chart


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.

Follow Amber Road Inc. (NYSE:AMBR)
Trade (NYSE:AMBR) Now!

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).

Follow Amber Road Inc. (NYSE:AMBR)
Trade (NYSE:AMBR) Now!

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.