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

Amplitude, Inc. (NASDAQ:AMPL - Get Free Report) Director Erica Schultz sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $12.56, for a total value of $94,200.00. Following the completion of the transaction, the director directly owned 107,406 shares in the company, valued at approximately $1,349,019.36. This represents a 6.53% decrease in their ownership of the stock. The transaction 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 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

NASDAQ AMPL traded down $0.06 during trading on Monday, hitting $12.53. The stock had a trading volume of 184,645 shares, compared to its average volume of 820,036. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -16.47 and a beta of 1.54. Amplitude, Inc. has a one year low of $7.37 and a one year high of $14.88. The stock has a 50 day simple moving average of $12.34 and a 200 day simple moving average of $11.40.

Amplitude (NASDAQ:AMPL - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.16). The company had revenue of $79.95 million for the quarter, compared to the consensus estimate of $79.81 million. Amplitude had a negative net margin of 31.01% and a negative return on equity of 32.50%. The company's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS. On average, sell-side analysts predict that Amplitude, Inc. will post -0.62 EPS for the current year.

Hedge Funds Weigh In On Amplitude

A number of hedge funds have recently added to or reduced their stakes in AMPL. Headlands Technologies LLC bought a new position in Amplitude in the 4th quarter worth about $38,000. Aquatic Capital Management LLC grew its stake in Amplitude by 176.5% in the 4th quarter. Aquatic Capital Management LLC now owns 4,147 shares of the company's stock worth $44,000 after acquiring an additional 2,647 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of 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 in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of 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 in the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in shares of Amplitude by 22.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,172 shares of the company's stock valued at $86,000 after purchasing an additional 1,492 shares in the last quarter. 73.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Amplitude from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Needham & Company LLC restated a "buy" rating and set a $16.00 price objective on shares of Amplitude in a research report on Thursday, July 10th. Bank of America upped their price objective on Amplitude from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Piper Sandler upped their price objective on Amplitude from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Benchmark restated a "buy" rating on shares of Amplitude in a research report on Friday, July 11th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.

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.