Amplitude (NASDAQ:AMPL) Shares Gap Down on Insider Selling

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) gapped down prior to trading on Tuesday following insider selling activity. The stock had previously closed at $11.97, but opened at $11.41. Amplitude shares last traded at $11.34, with a volume of 300,301 shares trading hands.

Specifically, Director Eric Vishria sold 25,000 shares of the company'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 transaction of $253,750.00. Following the completion of the transaction, the director now owns 261,859 shares of the company's stock, valued at $2,657,868.85. This represents a 8.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Analysts Set New Price Targets

A number of research analysts have commented on AMPL shares. Scotiabank lowered their price target on Amplitude from $12.00 to $10.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Robert W. Baird lowered their price target on Amplitude from $17.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. UBS Group lowered 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. DA Davidson lowered their price target on Amplitude from $16.00 to $12.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley upped their price target on Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $13.60.

Amplitude Trading Up 0.4%

The company has a market cap of $1.20 billion, a PE ratio of -15.83 and a beta of 1.40. The firm has a 50 day moving average of $10.05 and a two-hundred day moving average of $10.83.

Amplitude (NASDAQ:AMPL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.17) 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 business had revenue of $79.95 million for the quarter, compared to analysts' expectations of $79.81 million. During the same quarter in the prior year, the business posted $0.01 earnings per share. The business's revenue for the quarter was up 10.1% on a year-over-year basis. On average, research analysts forecast that Amplitude, Inc. will post -0.62 EPS for the current year.

Hedge Funds Weigh In On Amplitude

Several hedge funds and other institutional investors have recently modified their holdings of AMPL. Baillie Gifford & Co. bought a new position in shares of Amplitude during the 1st quarter valued at $20,292,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Amplitude by 9.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 8,996,229 shares of the company's stock valued at $94,911,000 after buying an additional 770,227 shares during the period. Sunriver Management LLC lifted its holdings in shares of Amplitude by 24.3% during the 4th quarter. Sunriver Management LLC now owns 3,772,808 shares of the company's stock valued at $39,803,000 after buying an additional 737,600 shares during the period. Meros Investment Management LP lifted its holdings in shares of Amplitude by 4,682.9% during the 1st quarter. Meros Investment Management LP now owns 462,314 shares of the company's stock valued at $4,711,000 after buying an additional 452,648 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Amplitude by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 9,189,698 shares of the company's stock valued at $96,951,000 after buying an additional 447,277 shares during the period. 73.20% of the stock is owned by institutional investors.

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.