Erica Schultz Sells 10,000 Shares of Amplitude (NASDAQ:AMPL) Stock

Key Points

• Erica Schultz, a director at Amplitude, sold 10,000 shares at an average price of $11.06, decreasing her ownership by 8.52% to 107,406 shares.
• Amplitude's stock is currently trading at $11.45, with a market cap of $1.17 billion and a P/E ratio of -15.07.
• Several institutional investors have increased their stakes in Amplitude, with T. Rowe Price boosting its holdings by 1.1%, now owning over 9 million shares.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) Director Erica Schultz sold 10,000 shares of Amplitude stock in a transaction on Monday, September 15th. The stock was sold at an average price of $11.06, for a total transaction of $110,600.00. Following the completion of the transaction, the director directly owned 107,406 shares of the company's stock, valued at $1,187,910.36. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, August 15th, Erica Schultz sold 7,500 shares of Amplitude stock. The stock was sold at an average price of $11.46, for a total transaction of $85,950.00.
• On Tuesday, July 15th, Erica Schultz sold 7,500 shares of Amplitude stock. The shares were sold at an average price of $12.56, for a total transaction of $94,200.00.

Amplitude Stock Up 0.9%

Shares of Amplitude stock traded up $0.11 during trading hours on Friday, reaching $12.07. 2,474,470 shares of the company's stock were exchanged, compared to its average volume of 1,720,876. The business has a fifty day moving average of $11.77 and a two-hundred day moving average of $11.35. Amplitude, Inc. has a 1 year low of $7.55 and a 1 year high of $14.88. The company has a market capitalization of $1.23 billion, a P/E ratio of -15.88 and a beta of 1.54.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $83.27 million for the quarter, compared to analysts' expectations of $81.29 million. Amplitude had a negative net margin of 30.43% and a negative return on equity of 33.08%. The firm's revenue was up 13.6% compared to the same quarter last year. As a group, research analysts predict that Amplitude, Inc. will post -0.62 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Benchmark reiterated a "buy" rating on shares of Amplitude in a research note on Friday, July 11th. Bank of America lifted their price target on Amplitude from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Piper Sandler boosted their price target on Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen lowered Amplitude from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Needham & Company LLC upped their target price on Amplitude from $16.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $13.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMPL. Osaic Holdings Inc. increased its position in Amplitude by 57.8% in the second quarter. Osaic Holdings Inc. now owns 5,132 shares of the company's stock worth $64,000 after buying an additional 1,879 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Amplitude by 33.3% during 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 during the period. GAMMA Investing LLC grew its holdings in shares of Amplitude by 45,828.6% during the 1st quarter. GAMMA Investing LLC now owns 6,430 shares of the company's stock worth $631,000 after acquiring an additional 6,416 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Amplitude by 86.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,477 shares of the company's stock worth $130,000 after purchasing an additional 4,858 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Amplitude in the 1st quarter valued at approximately $107,000. Institutional investors 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.