Amplitude (NASDAQ:AMPL – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18), Zacks reports. The business had revenue of $73.30 million during the quarter, compared to analysts’ expectations of $71.98 million. Amplitude had a negative net margin of 30.28% and a negative return on equity of 26.15%. Amplitude’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.17) EPS.
Amplitude Price Performance
AMPL stock traded down $0.03 during trading on Friday, reaching $7.95. 753,252 shares of the stock traded hands, compared to its average volume of 547,830. The business’s 50 day moving average price is $8.39 and its 200-day moving average price is $10.17. The firm has a market capitalization of $968.64 million, a PE ratio of -11.00 and a beta of 1.31. Amplitude has a 52-week low of $7.37 and a 52-week high of $14.42.
Insiders Place Their Bets
In related news, Director Catherine Wong sold 3,515 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $9.16, for a total value of $32,197.40. Following the transaction, the director now owns 82,820 shares in the company, valued at $758,631.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 28.71% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Report on Amplitude
Amplitude Company Profile
Amplitude, Inc, together with its subsidiaries, provides a digital analytics platform that analyzes customer behavior in the United States and internationally. It offers Amplitude Analytics, which provides real-time product data and reconstructed user visits; Amplitude Experiment, a solution that allows teams to test new capabilities and safely roll out new features; Amplitude CDP, an insight-driven solution that encompasses the data infrastructure, audience management, and data streaming capabilities; and Amplitude Session Replay used by product, marketing, and data teams to understand user behavior, diagnose product issues, and improve product outcomes.
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