Insider Selling: Amplitude (NASDAQ:AMPL) Director Sells 7,500 Shares of Stock

Key Points

• Erica Schultz, a director at Amplitude, Inc., sold 7,500 shares on August 15th for approximately $85,950, reducing her ownership by 6.53% to 107,406 shares valued at about $1.23 million.
• Amplitude's stock price is currently down 4.5%, trading at $11.15, with a market cap of $1.14 billion and significant fluctuations over the past year.
• Recent earnings results showed Amplitude meeting analysts' estimates with revenue of $83.27 million, reflecting a 13.6% increase year-over-year.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) Director Erica Schultz sold 7,500 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.46, for a total transaction of $85,950.00. Following the completion of the sale, the director owned 107,406 shares of the company's stock, valued at $1,230,872.76. The trade was a 6.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 value of $94,200.00.
• On Wednesday, June 11th, Erica Schultz sold 26,394 shares of Amplitude stock. The shares were sold at an average price of $12.49, for a total transaction of $329,661.06.

Amplitude Stock Performance

AMPL traded up $0.62 during trading on Friday, reaching $11.55. 2,258,921 shares of the company's stock were exchanged, compared to its average volume of 1,767,669. The company's fifty day moving average price is $12.17 and its 200-day moving average price is $11.52. The firm has a market capitalization of $1.18 billion, a PE ratio of -15.20 and a beta of 1.54. Amplitude, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $14.88.

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

Institutional Investors Weigh In On Amplitude

Institutional investors have recently modified their holdings of the business. Aquatic Capital Management LLC grew 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. boosted its holdings in 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 during the period. Canada Pension Plan Investment Board boosted its holdings in Amplitude by 255.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,100 shares of the company's stock valued at $75,000 after purchasing an additional 5,100 shares during the period. Summit Investment Advisors Inc. grew its position in shares of Amplitude by 22.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock worth $86,000 after purchasing an additional 1,492 shares in the last quarter. Finally, Meros Investment Management LP bought a new position in shares of Amplitude during the fourth quarter worth approximately $102,000. Institutional investors own 73.20% of the company's stock.

Wall Street Analyst Weigh In

AMPL has been the subject of several recent analyst reports. Morgan Stanley increased their price target on Amplitude from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Wall Street Zen cut shares of Amplitude from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Benchmark reissued a "buy" rating on shares of Amplitude in a research report on Friday, July 11th. Piper Sandler increased their price objective on Amplitude from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Needham & Company LLC boosted their price objective on shares of Amplitude from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $13.80.

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.