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 firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $12.80, for a total transaction of $448,000.00. Following the sale, the director now directly owns 286,859 shares in the company, valued at $3,671,795.20. The trade was a 10.87 % decrease in their position. The sale 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 stock was 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 shares were sold at an average price of $12.02, for a total value of $77,372.74.

Amplitude Price Performance

Shares of NASDAQ AMPL opened at $12.59 on Friday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -16.35 and a beta of 1.37. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.88. The stock’s fifty day moving average price is $11.62 and its two-hundred day moving average price is $10.23.

Amplitude (NASDAQ:AMPL) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $76.68 million. On average, equities analysts anticipate that Amplitude, Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMPL has been the subject of a number of research reports. Morgan Stanley boosted their price objective on Amplitude from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Bank of America upped their price objective on Amplitude from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Robert W. Baird upgraded Amplitude from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $12.00 to $17.00 in a research report on Thursday, February 20th. Piper Sandler upped their price target on Amplitude from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Finally, DA Davidson upgraded Amplitude from a “neutral” rating to a “buy” rating and increased their target price for the company from $12.50 to $16.00 in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.89.

Institutional Investors Weigh In On Amplitude

A number of hedge funds have recently added to or reduced their stakes in AMPL. Creative Planning boosted its position in shares of Amplitude by 152.4% during the third quarter. Creative Planning now owns 26,166 shares of the company’s stock valued at $235,000 after buying an additional 15,800 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Amplitude by 418.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 66,592 shares of the company’s stock valued at $597,000 after buying an additional 53,741 shares during the period. Horrell Capital Management Inc. bought a new stake in shares of Amplitude in the third quarter valued at $1,597,000. MQS Management LLC raised its stake in shares of Amplitude by 38.2% in the third quarter. MQS Management LLC now owns 25,729 shares of the company’s stock valued at $231,000 after buying an additional 7,112 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of Amplitude in the third quarter valued at $128,000. Institutional investors and hedge funds own 73.20% of the company’s stock.

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.