Amplitude, Inc. (NASDAQ:AMPL) Director Sells $42,756.00 in Stock

Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria sold 3,563 shares of Amplitude stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $12.00, for a total value of $42,756.00. Following the sale, the director now directly owns 276,208 shares of the company’s stock, valued at approximately $3,314,496. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, December 13th, Eric Vishria sold 6,437 shares of Amplitude stock. The shares were sold at an average price of $12.02, for a total value of $77,372.74.
• On Tuesday, November 12th, Eric Vishria sold 25,000 shares of Amplitude stock. The shares were sold at an average price of $10.18, for a total value of $254,500.00.

Amplitude Stock Performance

Shares of AMPL opened at $11.90 on Friday. Amplitude, Inc. has a 52-week low of $7.37 and a 52-week high of $14.42. The business’s fifty day moving average is $11.01 and its 200-day moving average is $9.60. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -17.76 and a beta of 1.34.

Institutional Investors Weigh In On Amplitude

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC bought a new position in Amplitude in the third quarter valued at about $128,000. XTX Topco Ltd bought a new position in Amplitude in the second quarter valued at about $133,000. Blue Trust Inc. raised its holdings in Amplitude by 13.5% in the 3rd quarter. Blue Trust Inc. now owns 19,518 shares of the company’s stock valued at $174,000 after buying an additional 2,324 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Amplitude by 19.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,146 shares of the company’s stock worth $199,000 after buying an additional 3,552 shares during the period. Finally, Quantbot Technologies LP boosted its position in Amplitude by 21.5% during the 3rd quarter. Quantbot Technologies LP now owns 24,390 shares of the company’s stock worth $219,000 after buying an additional 4,309 shares during the period. Institutional investors own 73.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AMPL shares. Morgan Stanley raised Amplitude from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $10.00 to $11.00 in a report on Monday, January 13th. Scotiabank lifted their price objective on Amplitude from $10.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. KeyCorp raised Amplitude from a “sector weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a report on Friday, December 13th. Robert W. Baird lifted their price objective on Amplitude from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Piper Sandler upgraded Amplitude from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $11.00 to $15.00 in a research note on Monday, January 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.43.

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.