Amplitude, Inc. (NASDAQ:AMPL) Director Erica Schultz Sells 26,394 Shares

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) Director Erica Schultz sold 26,394 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $12.49, for a total value of $329,661.06. Following the completion of the transaction, the director now directly owns 92,500 shares in the company, valued at $1,155,325. The trade was a 22.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Amplitude Stock Down 6.7%

AMPL traded down $0.82 during trading on Friday, hitting $11.37. The company had a trading volume of 1,009,002 shares, compared to its average volume of 759,254. The company has a market capitalization of $1.12 billion, a PE ratio of -14.77 and a beta of 1.56. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.88. The firm's 50-day moving average price is $10.59 and its 200 day moving average price is $11.15.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.16). The firm had revenue of $79.95 million during the quarter, compared to analyst estimates of $79.81 million. Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 EPS. Sell-side analysts forecast that Amplitude, Inc. will post -0.62 earnings per share for the current year.

Institutional Investors Weigh In On Amplitude

Several institutional investors have recently bought and sold shares of the company. Savant Capital LLC bought a new stake in Amplitude during the 4th quarter worth about $1,455,000. Blue Trust Inc. boosted its holdings in shares of Amplitude by 57.7% during the fourth quarter. Blue Trust Inc. now owns 30,783 shares of the company's stock worth $325,000 after acquiring an additional 11,265 shares during the period. Rhumbline Advisers grew its holdings in Amplitude by 1.0% in the 4th quarter. Rhumbline Advisers now owns 101,954 shares of the company's stock valued at $1,076,000 after buying an additional 1,040 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Amplitude by 79.7% in the fourth quarter. New York State Common Retirement Fund now owns 23,680 shares of the company's stock valued at $250,000 after acquiring an additional 10,500 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Amplitude by 1.6% during the 4th quarter. Bank of New York Mellon Corp now owns 955,293 shares of the company's stock worth $10,078,000 after purchasing an additional 15,239 shares in the last quarter. Institutional investors own 73.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Robert W. Baird lowered their target price on shares of Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Citigroup upped their price objective on shares of Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. DA Davidson dropped their price objective on Amplitude from $16.00 to $12.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Scotiabank reduced their target price on Amplitude from $12.00 to $10.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group lowered their price target on Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $13.60.

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.

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