Insider Selling: Amplitude, Inc. (NASDAQ:AMPL) Director Sells 35,000 Shares of Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $12.80, for a total value of $448,000.00. Following the completion of the sale, the director now owns 286,859 shares in the company, valued at $3,671,795.20. The trade was a 10.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 transaction 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 Trading Down 0.5 %

Shares of NASDAQ AMPL traded down $0.06 during trading hours on Wednesday, hitting $12.76. 891,787 shares of the company traded hands, compared to its average volume of 720,605. Amplitude, Inc. has a 12 month low of $7.37 and a 12 month high of $14.88. The company’s 50 day moving average price is $11.53 and its 200 day moving average price is $10.17. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of -16.57 and a beta of 1.37.

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

Hedge Funds Weigh In On Amplitude

A number of institutional investors and hedge funds have recently made changes to their positions in AMPL. Headlands Technologies LLC acquired a new position in shares of Amplitude during the 4th quarter worth about $38,000. Aquatic Capital Management LLC lifted its stake in Amplitude by 176.5% during the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company’s stock worth $44,000 after purchasing an additional 2,647 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Amplitude by 255.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company’s stock valued at $75,000 after buying an additional 5,100 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company’s stock valued at $86,000 after purchasing an additional 1,492 shares during the last quarter. Finally, Meros Investment Management LP bought a new position in Amplitude in the 4th quarter worth about $102,000. 73.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMPL has been the topic of several recent analyst reports. Baird R W raised Amplitude from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Robert W. Baird raised shares of Amplitude from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $12.00 to $17.00 in a research report on Thursday, February 20th. Scotiabank boosted their target price on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. UBS Group increased their price target on Amplitude from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, February 20th. Finally, Citigroup increased their price target on Amplitude from $11.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.89.

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.