Insider Selling: Amplitude, Inc. (NASDAQ:AMPL) Director Sells $254,500.00 in Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 25,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00. Following the completion of the sale, the director now directly owns 286,208 shares of the company’s stock, valued at $2,913,597.44. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Amplitude Trading Down 4.8 %

AMPL stock opened at $9.59 on Friday. The firm has a 50 day simple moving average of $9.07 and a 200-day simple moving average of $8.84. The company has a market capitalization of $907.13 million, a P/E ratio of -14.31 and a beta of 1.31. Amplitude, Inc. has a twelve month low of $7.37 and a twelve month high of $14.42.

Institutional Investors Weigh In On Amplitude

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in Amplitude in the first quarter worth about $32,000. Quest Partners LLC bought a new position in Amplitude during the 2nd quarter worth approximately $41,000. Russell Investments Group Ltd. acquired a new position in shares of Amplitude in the 1st quarter worth approximately $45,000. Principal Financial Group Inc. bought a new stake in shares of Amplitude in the 2nd quarter valued at approximately $92,000. Finally, MQS Management LLC acquired a new stake in shares of Amplitude during the 1st quarter valued at approximately $120,000. Institutional investors own 73.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMPL. Piper Sandler boosted their price objective on Amplitude from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Scotiabank boosted their target price on shares of Amplitude from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. UBS Group lowered their price target on shares of Amplitude from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, August 9th. Finally, Robert W. Baird boosted their price objective on shares of Amplitude from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.00.

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.