Amplitude (NASDAQ:AMPL) CEO Spenser Skates Sells 185,000 Shares

Key Points

• CEO Spenser Skates sold 185,000 Amplitude shares at an average price of $12.30, generating approximately $2.28 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Amplitude shares recently traded at $13.65, with a market capitalization of about $1.38 billion and a 52-week range of $5.51 to $14.76. The company matched quarterly EPS expectations at a loss of $0.01 while revenue of $100.89 million exceeded estimates.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $12.55; 73.2% of Amplitude’s shares are owned by institutional investors and hedge funds.

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) CEO Spenser Skates sold 185,000 shares of the company's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $12.30, for a total value of $2,275,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amplitude Stock Performance

Amplitude stock traded up $1.06 during midday trading on Monday, reaching $13.65. 1,629,233 shares of the company were exchanged, compared to its average volume of 2,199,046. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -18.20 and a beta of 1.50. The firm's 50-day simple moving average is $11.19 and its 200-day simple moving average is $8.49. Amplitude, Inc. has a 1 year low of $5.51 and a 1 year high of $14.76.

Amplitude (NASDAQ:AMPL - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $100.89 million for the quarter, compared to analysts' expectations of $98.16 million. Amplitude had a negative net margin of 26.59% and a negative return on equity of 42.62%. 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, analysts forecast that Amplitude, Inc. will post -0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMPL has been the topic of a number of recent analyst reports. Citigroup increased their price target on Amplitude from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. BTIG Research lifted their price objective on Amplitude from $10.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Amplitude from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. Raymond James Financial started coverage on Amplitude in a research report on Tuesday, June 30th. They set a "strong-buy" rating and a $10.00 target price on the stock. Finally, Piper Sandler lifted their price target on Amplitude from $11.00 to $13.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.55.

Institutional Trading of Amplitude

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in Amplitude in the second quarter valued at $48,000. Kemnay Advisory Services Inc. acquired a new stake in Amplitude during the fourth quarter worth about $119,000. Krilogy Financial LLC acquired a new stake in Amplitude during the first quarter worth about $77,000. ProShare Advisors LLC raised its holdings in shares of Amplitude by 10.5% in the 4th quarter. ProShare Advisors LLC now owns 16,880 shares of the company's stock worth $195,000 after purchasing an additional 1,600 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Amplitude by 15.8% in the 1st quarter. Blue Trust Inc. now owns 40,204 shares of the company's stock worth $274,000 after purchasing an additional 5,481 shares during the period. 73.20% of the stock is currently owned by institutional investors and hedge funds.

Amplitude Company Profile

Amplitude, Inc NASDAQ: AMPL develops a digital analytics platform that helps companies understand how users interact with their websites, mobile applications and other digital products. Its software is designed to help organizations analyze customer behavior, identify opportunities for product improvement and support data-driven decision-making.

The company's product offerings include Amplitude Analytics for behavioral and product analysis, along with tools for experimentation, session replay, customer data management and product performance monitoring.

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