Amplitude, Inc. (NASDAQ:AMPL) Director Sells $448,000.00 in Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 35,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $12.80, for a total transaction of $448,000.00. Following the completion of the transaction, the director now directly owns 286,859 shares in the company, valued at approximately $3,671,795.20. This represents a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eric Vishria also recently made the following trade(s):

• On Tuesday, January 28th, Eric Vishria sold 3,563 shares of Amplitude stock. The shares were sold at an average price of $12.00, for a total value of $42,756.00.
• On Friday, December 13th, Eric Vishria sold 6,437 shares of Amplitude stock. The stock was sold at an average price of $12.02, for a total value of $77,372.74.

Amplitude Stock Down 0.5 %

AMPL stock opened at $12.76 on Thursday. The company’s 50-day moving average price is $11.57 and its two-hundred day moving average price is $10.19. The firm has a market cap of $1.21 billion, a P/E ratio of -16.57 and a beta of 1.37. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88.

Amplitude (NASDAQ:AMPL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.27). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The firm had revenue of $78.13 million for the quarter, compared to analyst estimates of $76.68 million. Equities analysts predict that Amplitude, Inc. will post -0.62 EPS for the current year.

Institutional Trading of Amplitude

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its stake in Amplitude by 371.7% during the third quarter. Barclays PLC now owns 128,537 shares of the company’s stock worth $1,153,000 after acquiring an additional 101,289 shares in the last quarter. M&T Bank Corp lifted its stake in Amplitude by 86.8% in the 3rd quarter. M&T Bank Corp now owns 156,688 shares of the company’s stock valued at $1,405,000 after purchasing an additional 72,806 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Amplitude by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 84,050 shares of the company’s stock valued at $754,000 after buying an additional 23,526 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Amplitude during the third quarter worth $726,000. Finally, Kera Capital Partners Inc. acquired a new position in shares of Amplitude during the fourth quarter worth $1,498,000. 73.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on AMPL shares. Piper Sandler increased their price objective on Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Scotiabank upped their price target on shares of Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. DA Davidson upgraded shares of Amplitude from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.50 to $16.00 in a research note on Thursday, February 20th. Morgan Stanley boosted their price objective on shares of Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Finally, UBS Group raised their target price on shares of Amplitude from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.89.

About Amplitude

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.