Amplitude (NASDAQ:AMPL) Director Sells $101,200.00 in Stock

Key Points

• Amplitude Director Erica Schultz sold 10,000 shares of the company's stock for a total of $101,200, which decreased her overall position by 8.52%.
• The company's shares have a market cap of $989.45 million and have traded between a 12-month low of $7.55 and a high of $14.88.
• Analysts have given Amplitude an average rating of "Moderate Buy" with a price target of $14.20, signaling a potential positive outlook for the stock.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) Director Erica Schultz sold 10,000 shares of the stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $10.12, for a total value of $101,200.00. Following the completion of the sale, the director owned 107,406 shares in the company, valued at $1,086,948.72. This trade represents a 8.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, September 15th, Erica Schultz sold 10,000 shares of Amplitude stock. The stock was sold at an average price of $11.06, for a total value of $110,600.00.
• On Friday, August 15th, Erica Schultz sold 7,500 shares of Amplitude stock. The shares were sold at an average price of $11.46, for a total value of $85,950.00.

Amplitude Trading Up 0.9%

Shares of AMPL traded up $0.09 during trading hours on Friday, reaching $9.69. 1,360,456 shares of the company's stock traded hands, compared to its average volume of 1,264,340. Amplitude, Inc. has a 12 month low of $7.55 and a 12 month high of $14.88. The stock has a market cap of $989.45 million, a PE ratio of -12.75 and a beta of 1.52. The firm's 50 day simple moving average is $11.06 and its 200-day simple moving average is $11.21.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. purchased a new stake in Amplitude during the 1st quarter valued at $947,000. Principal Financial Group Inc. bought a new position in Amplitude in the 1st quarter worth $1,586,000. Quantbot Technologies LP bought a new stake in shares of Amplitude during the 1st quarter valued at about $671,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Amplitude in the first quarter worth about $107,000. Finally, Nuveen LLC bought a new position in shares of Amplitude in the 1st quarter worth approximately $2,526,000. Institutional investors own 73.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AMPL shares. Needham & Company LLC increased 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. DA Davidson reissued a "buy" rating and set a $16.00 price objective on shares of Amplitude in a report on Monday, September 29th. Piper Sandler upped their target price on Amplitude from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Amplitude in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Amplitude from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.20.

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.

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