Amplitude, Inc. (NASDAQ:AMPL) Director Eric Vishria Sells 25,000 Shares

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) Director Eric Vishria sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $10.15, for a total value of $253,750.00. Following the sale, the director now owns 261,859 shares of the company's stock, valued at approximately $2,657,868.85. This trade represents a 8.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, February 24th, Eric Vishria sold 35,000 shares of Amplitude stock. The stock was sold at an average price of $12.80, for a total value of $448,000.00.

Amplitude Price Performance

AMPL traded down $0.27 during trading hours on Thursday, reaching $12.04. The company's stock had a trading volume of 797,091 shares, compared to its average volume of 724,027. Amplitude, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $14.88. The stock has a market cap of $1.19 billion, a PE ratio of -15.66 and a beta of 1.40. The business's 50-day moving average is $10.05 and its 200-day moving average is $10.79.

Amplitude (NASDAQ:AMPL - Get Free Report) last posted its quarterly earnings data 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). Amplitude had a negative net margin of 31.52% and a negative return on equity of 32.24%. The firm had revenue of $79.95 million during the quarter, compared to analysts' expectations of $79.81 million. During the same quarter in the prior year, the firm posted $0.01 EPS. Amplitude's quarterly revenue was up 10.1% compared to the same quarter last year. Analysts expect that Amplitude, Inc. will post -0.62 EPS for the current year.

Analysts Set New Price Targets

AMPL has been the subject of several research reports. Robert W. Baird cut their price objective on Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. UBS Group dropped their price target on Amplitude from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Citigroup upped their price target on Amplitude from $11.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, February 24th. Piper Sandler upped their price target on Amplitude from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Baird R W upgraded Amplitude from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amplitude currently has an average rating of "Moderate Buy" and a consensus target price of $13.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new position in shares of Amplitude in the fourth quarter valued at approximately $38,000. Aquatic Capital Management LLC raised its stake in shares of Amplitude by 176.5% in the fourth quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock valued at $44,000 after acquiring an additional 2,647 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Amplitude by 33.3% in the first quarter. Russell Investments Group Ltd. now owns 5,818 shares of the company's stock valued at $59,000 after acquiring an additional 1,455 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of 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 acquiring an additional 5,100 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in shares of Amplitude by 22.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after acquiring an additional 1,492 shares in the last quarter. Hedge funds and other institutional investors own 73.20% of the company's stock.

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.