Insider Selling: Amplitude (NASDAQ:AMPL) Director Sells $108,800.00 in Stock

by · The Markets Daily

Amplitude, Inc. (NASDAQ:AMPL – Get Free Report) Director Erica Schultz sold 10,000 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $10.88, for a total transaction of $108,800.00. Following the sale, the director directly owned 114,906 shares of the company’s stock, valued at approximately $1,250,177.28. This represents a 8.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Erica Schultz also recently made the following trade(s):

  • On Monday, November 17th, Erica Schultz sold 10,000 shares of Amplitude stock. The stock was sold at an average price of $10.23, for a total transaction of $102,300.00.
  • On Wednesday, October 15th, Erica Schultz sold 10,000 shares of Amplitude stock. The stock was sold at an average price of $10.12, for a total transaction of $101,200.00.

Amplitude Stock Performance

Shares of NASDAQ:AMPL opened at $11.45 on Friday. The stock’s 50-day moving average is $10.39 and its 200-day moving average is $11.31. The company has a market cap of $1.53 billion, a P/E ratio of -14.31 and a beta of 1.51. Amplitude, Inc. has a 52-week low of $7.55 and a 52-week high of $14.88.

Amplitude (NASDAQ:AMPL – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $88.56 million during the quarter, compared to the consensus estimate of $86.29 million. Amplitude had a negative return on equity of 36.27% and a negative net margin of 31.36%.The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, equities analysts predict that Amplitude, Inc. will post -0.62 EPS for the current year.

Institutional Investors Weigh In On Amplitude

Institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank raised its holdings in shares of Amplitude by 3.0% in the 1st quarter. Swiss National Bank now owns 155,800 shares of the company’s stock worth $1,588,000 after buying an additional 4,600 shares in the last quarter. Invesco Ltd. raised its stake in Amplitude by 123.3% during the first quarter. Invesco Ltd. now owns 52,603 shares of the company’s stock worth $536,000 after acquiring an additional 29,046 shares in the last quarter. Nuveen LLC bought a new position in shares of Amplitude during the first quarter valued at $2,526,000. Russell Investments Group Ltd. boosted its stake in shares of Amplitude by 33.3% in the 1st quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company’s stock valued at $59,000 after purchasing an additional 1,455 shares in the last quarter. Finally, Cresset Asset Management LLC grew its holdings in shares of Amplitude by 54.4% in the 1st quarter. Cresset Asset Management LLC now owns 83,557 shares of the company’s stock worth $851,000 after purchasing an additional 29,444 shares during the last quarter. 73.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMPL shares. Piper Sandler reissued an “overweight” rating and issued a $16.00 price target on shares of Amplitude in a report on Thursday, November 6th. BTIG Research began coverage on shares of Amplitude in a research report on Tuesday. They set a “buy” rating and a $14.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Amplitude in a research report on Monday. Robert W. Baird boosted their price target on Amplitude from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday. Finally, UBS Group upgraded Amplitude from a “neutral” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.40.

Get Our Latest Research Report on Amplitude

About Amplitude

(Get Free Report)

Amplitude, Inc is a software company specializing in digital analytics and product intelligence solutions for businesses seeking to optimize user engagement and drive growth. Its core offering, the Amplitude Analytics platform, enables customers to collect and analyze behavioral data from web and mobile applications in real time. The platform provides advanced segmentation, funnel analysis, retention tracking and pathfinding tools that help product, marketing and data teams understand user journeys, identify friction points and measure the impact of new features.

Founded in 2012 by Spenser Skates, Curtis Liu and Jeffrey Wang, Amplitude is headquartered in Redwood City, California, with additional offices spanning North America, Europe and Asia.

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