Amplitude (NASDAQ:AMPL) CEO Sells 107,136 Shares of Company Stock

Key Points

• Amplitude CEO Spenser Skates sold 107,136 shares at an average price of $17.52, generating approximately $1.88 million in proceeds. He has also made several other sizable sales in recent months.
• AMPL fell 0.2% to $17.26, near its 52-week high of $17.72, with a market capitalization of approximately $1.75 billion.
• Analysts maintain a consensus “Moderate Buy” rating with a $14.30 target price, while institutional investors own 73.2% of the company; Amplitude recently reported $100.89 million in quarterly revenue.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) CEO Spenser Skates sold 107,136 shares of Amplitude stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $17.52, for a total transaction of $1,877,022.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Spenser Skates also recently made the following trade(s):

• On Friday, October 2nd, Spenser Skates sold 70,087 shares of Amplitude stock. The stock was sold at an average price of $14.52, for a total value of $1,017,663.24.
• On Thursday, October 1st, Spenser Skates sold 3,539 shares of Amplitude stock. The stock was sold at an average price of $14.45, for a total value of $51,138.55.
• On Wednesday, September 30th, Spenser Skates sold 1,374 shares of Amplitude stock. The shares were sold at an average price of $14.45, for a total value of $19,854.30.
• On Thursday, September 10th, Spenser Skates sold 185,000 shares of Amplitude stock. The shares were sold at an average price of $12.30, for a total value of $2,275,500.00.

Amplitude Stock Down 0.2%

AMPL traded down $0.04 during midday trading on Tuesday, reaching $17.26. The company had a trading volume of 1,132,558 shares, compared to its average volume of 2,121,908. The business has a 50-day moving average of $14.12 and a two-hundred day moving average of $9.51. Amplitude, Inc. has a 1 year low of $5.51 and a 1 year high of $17.72. The company has a market cap of $1.75 billion, a P/E ratio of -23.01 and a beta of 1.49.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.01). Amplitude had a negative return on equity of 42.62% and a negative net margin of 26.59%. The company had revenue of $100.89 million during the quarter, compared to the consensus estimate of $98.16 million. Amplitude has set its Q3 2026 guidance at 0.020-0.030 EPS and its FY 2026 guidance at 0.060-0.080 EPS. On average, equities research analysts predict that Amplitude, Inc. will post -0.66 EPS for the current year.

Institutional Trading of Amplitude

A number of institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC raised its position in Amplitude by 43.4% during the second quarter. Squarepoint Ops LLC now owns 1,021,647 shares of the company's stock valued at $7,816,000 after acquiring an additional 309,252 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Amplitude by 368.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 617,713 shares of the company's stock worth $4,213,000 after purchasing an additional 485,752 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Amplitude during the 1st quarter valued at approximately $3,930,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Amplitude during the 1st quarter valued at approximately $3,097,000. Finally, First Trust Advisors LP lifted its stake in shares of Amplitude by 362.8% in the 1st quarter. First Trust Advisors LP now owns 424,566 shares of the company's stock valued at $2,896,000 after purchasing an additional 332,830 shares during the period. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMPL has been the subject of a number of research reports. Raymond James Financial initiated coverage on Amplitude in a research report on Tuesday, June 30th. They set a "strong-buy" rating and a $10.00 target price for the company. Bank of America raised their price objective on Amplitude from $14.00 to $16.50 and gave the stock a "neutral" rating in a report on Wednesday, October 14th. Morgan Stanley lifted their target price on Amplitude from $12.00 to $16.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. BTIG Research upped their target price on Amplitude from $13.00 to $17.00 and gave the stock a "buy" rating in a report on Tuesday, October 20th. Finally, DA Davidson increased their price target on Amplitude from $10.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $14.30.

About Amplitude

Amplitude, Inc is a software company that provides digital analytics and product experience solutions. Its platform helps organizations collect, analyze and act on user behavior data across websites, mobile applications and other digital products.

The company's offerings include Amplitude Analytics, which enables teams to measure user engagement, retention and conversion; experimentation tools for testing product changes; session replay capabilities for reviewing user interactions; and data management and governance features.

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